$VICI
VICI PROPERTIES INC. Stock $vici

$vici Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-K Financial Statement

#000170569618000015 Filed on March 28, 2018

Income Statement

Concept	2017 Q4	2017
Revenue	$187.6M	$187.6M
YoY Change
Cost Of Revenue	$4.126M	$4.100M
YoY Change
Gross Profit	$183.5M	$183.5M
YoY Change
Gross Profit Margin	97.8%	97.81%
Selling, General & Admin		$29.50M
YoY Change
% of Gross Profit		16.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$751.0K	$751.0K
YoY Change
% of Gross Profit	0.41%	0.41%
Operating Expenses	$43.41M	$30.30M
YoY Change
Operating Profit	$144.2M	$144.2M
YoY Change
Interest Expense	$63.35M	$63.35M
YoY Change
% of Operating Profit	43.94%	43.94%
Other Income/Expense, Net
YoY Change
Pretax Income	$42.64M	$42.64M
YoY Change
Income Tax	-$1.901M	-$1.901M
% Of Pretax Income	-4.46%	-4.46%
Net Earnings	$42.66M	$44.54M
YoY Change
Net Earnings / Revenue	22.74%	23.74%
Basic Earnings Per Share	$0.19
Diluted Earnings Per Share	$0.19	$187.3K
COMMON SHARES
Basic Shares Outstanding	227.8M shares
Diluted Shares Outstanding	228.0M shares

Balance Sheet

Concept	2017 Q4	2017	2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments		$184.0M
YoY Change
Cash & Equivalents	$183.6M	$184.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets		$184.0M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$74.30M	$1.258B	$4.857B
YoY Change	-98.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets		$14.00M
YoY Change
Total Long-Term Assets		$9.556B
YoY Change
TOTAL ASSETS
Total Short-Term Assets		$184.0M
Total Long-Term Assets		$9.556B
Total Assets	$9.740B	$9.740B	$4.857B
YoY Change	100.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$5.000M
YoY Change
Accrued Expenses		$27.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt		$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities		$32.00M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt		$4.786B
YoY Change
Other Long-Term Liabilities		$142.0M
YoY Change
Total Long-Term Liabilities		$4.928B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities		$32.00M
Total Long-Term Liabilities		$4.928B
Total Liabilities	$4.963B	$5.048B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings	$42.66M
YoY Change
Common Stock	$3.003M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$4.691B	$4.691B	$0.00
YoY Change
Total Liabilities & Shareholders Equity	$9.740B	$9.740B
YoY Change

Cashflow Statement

Concept	2017 Q4	2017
OPERATING ACTIVITIES
Net Income	$42.66M	$44.54M
YoY Change
Depreciation, Depletion And Amortization	$751.0K	$751.0K
YoY Change
Cash From Operating Activities	$129.4M	$129.4M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures	$51.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$51.00K	-$1.136B
YoY Change
Cash From Investing Activities	-$1.136B	-$1.136B
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid	$0.00
YoY Change
Common Stock Issuance & Retirement, Net	$0.00
YoY Change
Debt Paid & Issued, Net	$1.638B
YoY Change
Cash From Financing Activities	$1.148B	1.148B
YoY Change
NET CHANGE
Cash From Operating Activities	$129.4M	129.4M
Cash From Investing Activities	-$1.136B	-1.136B
Cash From Financing Activities	$1.148B	1.148B
Net Change In Cash	$141.6M	141.5M
YoY Change
FREE CASH FLOW
Cash From Operating Activities	$129.4M	$129.4M
Capital Expenditures	$51.00K
Free Cash Flow	$129.4M
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017	dei	Amendment Flag AmendmentFlag	false
CY2017	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2017	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017	dei	Document Period End Date DocumentPeriodEndDate	2017-12-31
CY2017	dei	Document Type DocumentType	10-K
CY2017	dei	Entity Central Index Key EntityCentralIndexKey	0001705696
CY2018Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	370128832	shares
CY2017	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2017Q2	dei	Entity Public Float EntityPublicFloat	0	USD
CY2017	dei	Entity Registrant Name EntityRegistrantName	VICI Properties Inc.
CY2017	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2017	dei	Trading Symbol TradingSymbol	VICI
CY2017Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	10562000	USD
CY2017Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	5207000	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1207700000	USD
CY2017Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	751000	USD
CY2017Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	4645824000	USD
CY2017Q4	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	-1385000	USD
CY2017Q4	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	156000	USD
CY2016Q4	us-gaap	Assets Assets	4856600000	USD
CY2017Q4	us-gaap	Assets Assets	9739712000	USD
CY2017Q4	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	9039000	USD
CY2017Q4	us-gaap	Capital Leases Income Statement Direct Financing Lease Revenue CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue	150171000	USD
CY2017Q4	us-gaap	Capital Leases Net Investment In Direct Financing Leases CapitalLeasesNetInvestmentInDirectFinancingLeases	8268643000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	183646000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	141635000	USD
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	197406000	USD
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	55771000	USD
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	700000000	shares
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	700000000	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	300278938	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	177160494	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	300278938	shares
CY2017Q4	us-gaap	Common Stock Value CommonStockValue	3003000	USD
CY2017Q4	us-gaap	Contractual Obligation ContractualObligation	3194000	USD
CY2017Q4	us-gaap	Contractual Obligation Due In Next Twelve Months ContractualObligationDueInNextTwelveMonths	2969000	USD
CY2017Q4	us-gaap	Contractual Obligation Due In Second Year ContractualObligationDueInSecondYear	225000	USD
CY2017Q4	us-gaap	Cost Of Goods Sold CostOfGoodsSold	4126000	USD
CY2017Q4	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	0	USD
CY2017Q4	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	11000	USD
CY2017Q4	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	11000	USD
CY2017Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4785756000	USD
CY2017Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4917000000	USD
CY2017Q4	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-1909000	USD
CY2017Q4	us-gaap	Deferred Federal State And Local Tax Expense Benefit DeferredFederalStateAndLocalTaxExpenseBenefit	-1912000	USD
CY2017Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1912000	USD
CY2017Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	3797000	USD
CY2017Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	3718000	USD
CY2017Q4	us-gaap	Deferred Long Term Liability Charges DeferredLongTermLiabilityCharges	73600000	USD
CY2017Q4	us-gaap	Deferred Revenue DeferredRevenue	68117000	USD
CY2017Q4	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-3000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	79000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	55000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals	24000	USD
CY2017Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	3718000	USD
CY2017Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	3797000	USD
CY2017Q4	us-gaap	Deposit Liability Current DepositLiabilityCurrent	73600000	USD
CY2017Q4	us-gaap	Depreciation Depreciation	751000	USD
CY2017	us-gaap	Depreciation Depreciation	751000	USD
CY2017Q4	us-gaap	Direct Financing Lease Deferred Selling Profit DirectFinancingLeaseDeferredSellingProfit	23021174000	USD
CY2017Q4	us-gaap	Direct Financing Lease Lease Receivable DirectFinancingLeaseLeaseReceivable	29302166000	USD
CY2017Q4	us-gaap	Direct Financing Lease Net Investment In Lease DirectFinancingLeaseNetInvestmentInLease	8268643000	USD
CY2017Q4	us-gaap	Direct Financing Lease Unguaranteed Residual Asset DirectFinancingLeaseUnguaranteedResidualAsset	1987651000	USD
CY2017Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.19
CY2017Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.19
CY2017	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.043
CY2017	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350
CY2017	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2017	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.000
CY2017Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	2559000	USD
CY2017Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	1800000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Additional Paid In Capital FreshStartAdjustmentIncreaseDecreaseAdditionalPaidInCapital	2672900000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Assets FreshStartAdjustmentIncreaseDecreaseAssets	8439452000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Cash And Cash Equivalents FreshStartAdjustmentIncreaseDecreaseCashAndCashEquivalents	55771000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Common Stock FreshStartAdjustmentIncreaseDecreaseCommonStock	1772000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Deferred Income Tax Liabilities Current FreshStartAdjustmentIncreaseDecreaseDeferredIncomeTaxLiabilitiesCurrent	5631000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Liabilities FreshStartAdjustmentIncreaseDecreaseLiabilities	4922780000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Liabilities And Stockholders Equity FreshStartAdjustmentIncreaseDecreaseLiabilitiesAndStockholdersEquity	8439452000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Long Term Debt FreshStartAdjustmentIncreaseDecreaseLongTermDebt	4917000000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Other Assets FreshStartAdjustmentIncreaseDecreaseOtherAssets	681000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Preferred Stock FreshStartAdjustmentIncreaseDecreasePreferredStock	759000000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Property And Equipment Net FreshStartAdjustmentIncreaseDecreasePropertyAndEquipmentNet	75000000	USD
CY2017Q4	us-gaap	Fresh Start Adjustment Increase Decrease Stockholders Equity FreshStartAdjustmentIncreaseDecreaseStockholdersEquity	2674672000	USD
CY2017Q4	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-38488000	USD
CY2017	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-38488000	USD
CY2017Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9939000	USD
CY2017Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	42636000	USD
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	42636000	USD
CY2017Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1901000	USD
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1901000	USD
CY2017	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	15414000	USD
CY2017	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	5000	USD
CY2017Q4	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
CY2017Q4	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	10449000	USD
CY2017Q4	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	68081000	USD
CY2017Q4	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	21595000	USD
CY2017Q4	us-gaap	Increase Decrease In Leasing Receivables IncreaseDecreaseInLeasingReceivables	8443000	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	0	USD
CY2017Q4	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	7159000	USD
CY2017Q4	us-gaap	Interest Expense InterestExpense	63354000	USD
CY2017Q4	us-gaap	Interest Paid InterestPaid	36779000	USD
CY2017	us-gaap	Interest Expense InterestExpense	63354000	USD
CY2017Q4	us-gaap	Interest Income Deposits With Financial Institutions InterestIncomeDepositsWithFinancialInstitutions	282000	USD
CY2017Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	21595000	USD
CY2017Q4	us-gaap	Land Available For Development LandAvailableForDevelopment	73600000	USD
CY2017	us-gaap	Lessee Leasing Arrangements Operating Leases Term Of Contract LesseeLeasingArrangementsOperatingLeasesTermOfContract	P5Y
CY2017Q4	us-gaap	Liabilities Liabilities	4963348000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	9739712000	USD
CY2017Q4	us-gaap	Long Term Debt LongTermDebt	4816892000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	2859466000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	21918000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	1871057000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	21269000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	21483000	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	21699000	USD
CY2017Q4	us-gaap	Minority Interest MinorityInterest	84875000	USD
CY2017Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1148446000	USD
CY2017Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1136251000	USD
CY2017Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	129440000	USD
CY2017Q4	us-gaap	Net Income Loss NetIncomeLoss	44537000	USD
CY2017	us-gaap	Net Income Loss NetIncomeLoss	44537000	USD
CY2017Q4	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1875000	USD
CY2017Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	42662000	USD
CY2017Q4	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	42662000	USD
CY2017Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	4	property
CY2017Q4	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2017	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2017Q4	us-gaap	Operating Expenses OperatingExpenses	43413000	USD
CY2017Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	144196000	USD
CY2017	us-gaap	Operating Income Loss OperatingIncomeLoss	144196000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	22766000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	1073000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	945000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	926000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	908000	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	948000	USD
CY2017Q4	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	11529000	USD
CY2017Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	2796000	USD
CY2017Q4	us-gaap	Other Assets OtherAssets	15363000	USD
CY2017Q4	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	51000	USD
CY2017Q4	us-gaap	Payments Of Dividends PaymentsOfDividends	31501000	USD
CY2017Q4	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	1136200000	USD
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	12000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q4	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	963782000	USD
CY2017Q4	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	298000000	USD
CY2017Q4	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	2194686000	USD
CY2017Q4	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-13000	USD
CY2017Q4	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	73600000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6064300000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	75051000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4856600000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	74300000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	75000000	USD
CY2017Q4	us-gaap	Property Subject To Or Available For Operating Lease Net PropertySubjectToOrAvailableForOperatingLeaseNet	1110400000	USD
CY2017Q4	us-gaap	Property Subject To Or Available For Operating Lease Net PropertySubjectToOrAvailableForOperatingLeaseNet	73600000	USD
CY2017Q4	us-gaap	Property Subject To Or Available For Operating Lease Net PropertySubjectToOrAvailableForOperatingLeaseNet	73600000	USD
CY2017Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	0	USD
CY2017Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	0	USD
CY2017Q4	us-gaap	Real Estate Accumulated Depreciation Other Additions RealEstateAccumulatedDepreciationOtherAdditions	0	USD
CY2017Q4	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	0	USD
CY2017Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements	0	USD
CY2017Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Land RealEstateAndAccumulatedDepreciationCarryingAmountOfLand	1184000000	USD
CY2017Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	0	USD
CY2017Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Land RealEstateAndAccumulatedDepreciationInitialCostOfLand	1184000000	USD
CY2017Q4	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	0	USD
CY2017Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	1184000000	USD
CY2017Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	1184000000	USD
CY2017Q4	us-gaap	Real Estate Other Additions RealEstateOtherAdditions	0	USD
CY2017Q4	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	19558000	USD
CY2017Q4	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1638387000	USD
CY2017Q4	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	311721000	USD
CY2017Q4	us-gaap	Restricted Cash RestrictedCash	13760000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	42662000	USD
CY2017Q4	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	0	USD
CY2017Q4	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	6351000	USD
CY2017Q4	us-gaap	Sales Revenue Net SalesRevenueNet	187609000	USD
CY2017	us-gaap	Sales Revenue Net SalesRevenueNet	187609000	USD
CY2017Q4	us-gaap	Share Based Compensation ShareBasedCompensation	1385000	USD
CY2017Q4	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	0	USD
CY2017Q4	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	963782000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	4691489000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4776364000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3516673000	USD
CY2017Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	227985000	shares
CY2017Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	227829000	shares
CY2017Q4	vici	Annual Membership Fee AnnualMembershipFee	10000000	USD
CY2017Q4	vici	Currentand Deferred Federal Income Tax Expense Benefit CurrentandDeferredFederalIncomeTaxExpenseBenefit	-1909000	USD
CY2017Q4	vici	Currentand Deferred Federal Stateand Local Tax Expense Benefit CurrentandDeferredFederalStateandLocalTaxExpenseBenefit	-1901000	USD
CY2017Q4	vici	Currentand Deferred Stateand Local Income Tax Expense Benefit CurrentandDeferredStateandLocalIncomeTaxExpenseBenefit	8000	USD
CY2017Q4	vici	Direct Financing Lease Gross Investment DirectFinancingLeaseGrossInvestment	31289817000	USD
CY2017Q4	vici	Direct Financing Lease Unamortized Initial Direct Costs DirectFinancingLeaseUnamortizedInitialDirectCosts	0	USD
CY2017	vici	Discount Rate Selectedasa Base Rateforall Properties DiscountRateSelectedasaBaseRateforallProperties	0.090
CY2017	vici	Effective Income Tax Rate Reconciliation Reit Incomenot Subjectto Federal Income Tax EffectiveIncomeTaxRateReconciliationREITIncomenotSubjecttoFederalIncomeTax	-14897000	USD
CY2017	vici	Effective Tax Rate Reconciliation Rei Tnot Subjectto Federal Income Tax EffectiveTaxRateReconciliationREITnotSubjecttoFederalIncomeTax	-0.338
CY2017	vici	Effective Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Incomplete Accounting Impactof Tax Reformon Deferred Tax Liability EffectiveTaxRateReconciliationTaxCutsandJobsActof2017IncompleteAccountingImpactofTaxReformonDeferredTaxLiability	-2423000	USD
CY2017	vici	Effective Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Incomplete Accounting Impactof Tax Reformon Deferred Tax Liability Percent EffectiveTaxRateReconciliationTaxCutsandJobsActof2017IncompleteAccountingImpactofTaxReformonDeferredTaxLiabilityPercent	-0.055
CY2017Q4	vici	Fresh Start Adjustment Increase Decrease Accounts Payable And Accrued Liabilities FreshStartAdjustmentIncreaseDecreaseAccountsPayableAndAccruedLiabilities	149000	USD
CY2017Q4	vici	Fresh Start Adjustment Increase Decrease Real Estate Investments Accounted For Using Direct Financing Method FreshStartAdjustmentIncreaseDecreaseRealEstateInvestmentsAccountedForUsingDirectFinancingMethod	7124000000	USD
CY2017Q4	vici	Fresh Start Adjustment Increase Decrease Real Estate Investments Accounted For Using Operating Method FreshStartAdjustmentIncreaseDecreaseRealEstateInvestmentsAccountedForUsingOperatingMethod	1184000000	USD
CY2017Q4	vici	Fresh Start Adjustment Increase Decreasein Noncontrolling Interests FreshStartAdjustmentIncreaseDecreaseinNoncontrollingInterests	83000000	USD
CY2017Q4	vici	Fresh Start Adjustment Stockholders Equity Including Portion Attributableto Noncontrolling Interest FreshStartAdjustmentStockholdersEquityIncludingPortionAttributabletoNoncontrollingInterest	2757672000	USD
CY2017Q4	vici	Long Term Debt Refinancing Transactions LongTermDebtRefinancingTransactions	149892000	USD
CY2017Q4	vici	Mandatory Conversionof Stock MandatoryConversionofStock	249987000	USD
CY2017	vici	Mandatory Conversionof Stock MandatoryConversionofStock	-250000000	USD
CY2017Q4	vici	Minimum Rounds Fees Under Golf Course Agreement MinimumRoundsFeesUnderGolfCourseAgreement	1100000	USD
CY2017Q4	vici	Operating And Capital Leases Future Minimum Payments Due In Five Years OperatingAndCapitalLeasesFutureMinimumPaymentsDueInFiveYears	744647000	USD
CY2017Q4	vici	Operating And Capital Leases Future Minimum Payments Due Next Twelve Months OperatingAndCapitalLeasesFutureMinimumPaymentsDueNextTwelveMonths	725875000	USD
CY2017Q4	vici	Operating And Capital Leases Future Minimum Payments Duein Four Years OperatingAndCapitalLeasesFutureMinimumPaymentsDueinFourYears	738656000	USD
CY2017Q4	vici	Operating And Capital Leases Future Minimum Payments Duein Three Years OperatingAndCapitalLeasesFutureMinimumPaymentsDueinThreeYears	734320000	USD
CY2017Q4	vici	Operating And Capital Leases Future Minimum Payments Duein Two Years OperatingAndCapitalLeasesFutureMinimumPaymentsDueinTwoYears	730060000	USD
CY2017Q4	vici	Operating Lease Commitments Golf Relatedexpensesand Generaland Administrative Expenses OperatingLeaseCommitmentsGolfRelatedexpensesandGeneralandAdministrativeExpenses	300000	USD
CY2017Q4	vici	Operating Leases Future Minimum Payments Duein Six Years And Thereafter OperatingLeasesFutureMinimumPaymentsDueinSixYearsAndThereafter	17966000	USD
CY2017	vici	Operatingand Direct Financing Lease Weighted Average Remaining Lease Term OperatingandDirectFinancingLeaseWeightedAverageRemainingLeaseTerm	P34Y10M24D
CY2017Q4	vici	Other Golf Related Commitments Golf Relatedexpensesand Generaland Administrative Expenses OtherGolfRelatedCommitmentsGolfRelatedexpensesandGeneralandAdministrativeExpenses	700000	USD
CY2017	vici	Percentageof Annual Reit Taxable Income PercentageofAnnualREITTaxableIncome	0.9
CY2017Q4	vici	Percentageof Voting Interests Acquired In Reorganization PercentageofVotingInterestsAcquiredInReorganization	0.50
CY2017Q4	vici	Planof Reorganization Amountof Fair Value Netof Minority Interests PlanofReorganizationAmountofFairValueNetofMinorityInterests	83000000	USD
CY2017Q4	vici	Planof Reorganization Fair Valueof Assets PlanofReorganizationFairValueofAssets	8300000000	USD
CY2017Q4	vici	Planof Reorganization Net Book Value PlanofReorganizationNetBookValue	4831000000	USD
CY2017Q4	vici	Property Taxes Reimbursed PropertyTaxesReimbursed	19558000	USD
CY2017Q4	vici	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements	0	USD
CY2017Q4	vici	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand	0	USD
CY2017Q4	vici	Repaymentsof Mezzanine Debt RepaymentsofMezzanineDebt	400000000	USD
CY2017Q4	vici	Restricted Net Assets RestrictedNetAssets	1500000000	USD
CY2017Q4	vici	Sec Schedule Iii Real Estate Depreciation Expense SECScheduleIIIRealEstateDepreciationExpense	0	USD
CY2017	vici	Sharebased Compensation Arrangementby Sharebased Payment Award Periodof Volumeof Weighted Average Price SharebasedCompensationArrangementbySharebasedPaymentAwardPeriodofVolumeofWeightedAveragePrice	10	day
CY2017	vici	Sharebased Compensation Arrangementby Sharebased Payment Award Trading Days SharebasedCompensationArrangementbySharebasedPaymentAwardTradingDays	10	day
CY2017Q4	vici	Tax Cutsand Jobs Actof2017 Incomplete Accounting Changein Tax Rate Deferred Tax Liability Provisional Income Tax Expense Benefit TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityProvisionalIncomeTaxExpenseBenefit	2400000	USD
CY2017Q4	vici	Total Number Of Common And Preferred Shares Authorized TotalNumberOfCommonAndPreferredSharesAuthorized	750000000	shares
CY2017	vici	Undistributed Net Taxable Income Subject To Income Tax At Corporate Tax Rate Percent UndistributedNetTaxableIncomeSubjectToIncomeTaxAtCorporateTaxRatePercent	1
CY2017Q4	vici	Usefees Under Golf Course Agreement UsefeesUnderGolfCourseAgreement	3000000	USD
CY2017	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Credit Risk</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Following the formation transactions in October 2017, all of the real estate holdings of VICI (other than VICI Golf LLC) is leased by VICI to CEOC or other affiliates of Caesars, and most of VICI’s revenues are derived from the Master Leases that VICI has with affiliates of Caesars. Other than VICI having a single tenant from which it will derive most of its revenue, management does not believe there are any other significant concentrations of credit risk.</font></div></div>
CY2017	us-gaap	Revenue Recognition Leases RevenueRecognitionLeases	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Lease Revenue</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a REIT, the majority of our revenues are derived from rent received from our tenants under long-term triple-net leases. The accounting guidance under ASC 840 is complex and requires the use of judgments and assumptions by management to determine the proper accounting treatment of a lease. We perform a lease classification upon lease inception to determine if we will account for the lease as a capital or operating lease.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under ASC 840, for leases of both building and land, if the fair value of the land is </font><font style="font-family:inherit;font-size:10pt;">25%</font><font style="font-family:inherit;font-size:10pt;"> or more of the total fair value of the leased property at lease inception, we consider the land and building separately for lease classification. In these cases, if the building element of the lease meets the criteria to be classified as a capital lease, then we account for the building element as a capital lease and the land separately as an operating lease. If the building element does not meet the criteria to be classified as a capital lease, then we account for the building and land elements as a single operating lease. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">To determine if the building portion of a lease triggers capital lease treatment, we conduct the four lease tests in ASC 840 outlined below. If a lease meets any of the four criteria below, it is accounted for as a capital lease.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transfer of ownership. The lease transfers ownership of the property to the lessee by the end of the lease term. This criterion is met in situations in which the lease agreement provides for the transfer of title at or shortly after the end of the lease term in exchange for the payment of a nominal fee, for example, the minimum required by statutory regulation to transfer title.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bargain purchase option. The lease contains a bargain purchase option, which is a provision allowing the lessee, at its option, to purchase the leased property for a price which is sufficiently lower than the expected fair value of the property at the date the option becomes exercisable. In addition, the exercise of the option must be reasonably assured at lease inception.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease term. The lease term is equal to </font><font style="font-family:inherit;font-size:10pt;">75%</font><font style="font-family:inherit;font-size:10pt;"> or more of the estimated economic life of the leased property. However, if the beginning of the lease term falls within the last </font><font style="font-family:inherit;font-size:10pt;">25%</font><font style="font-family:inherit;font-size:10pt;"> of the total estimated economic life of the leased property, including earlier years of use, this criterion shall not be used for purposes of classifying the lease. This test is conducted on a property by property basis.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Minimum lease payments. The present value of the minimum lease payments at the beginning of the lease term, excluding that portion of the payments representing executory costs such as insurance, maintenance and taxes to be paid by the lessor, including any profit thereon, equals or exceeds </font><font style="font-family:inherit;font-size:10pt;">90%</font><font style="font-family:inherit;font-size:10pt;"> of the fair value of the leased property to the lessor at lease inception less any related investment tax credit retained by the lessor and expected to be realized by the lessor. If the beginning of the lease term falls within the last </font><font style="font-family:inherit;font-size:10pt;">25%</font><font style="font-family:inherit;font-size:10pt;"> of the total estimated economic life of the leased property, including earlier years of use, this criterion shall not be used for purposes of classifying the lease.</font></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The tests outlined above, as well as the resulting calculations, require subjective judgments, such as determining, at lease inception, the fair value of the assets, the residual value of the assets at the end of the lease term, the likelihood a tenant will exercise all renewal options (in order to determine the lease term), the estimated remaining economic life of the leased assets, the incremental borrowing rate of the lessee and the interest rate implicit in the lease. A change in estimate or judgment can result in a materially different financial statement presentation.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The revenue recognition model is different under capital leases and operating leases.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the operating lease model, as the lessor, at lease inception the land is recorded as Real estate investments accounted for using the operating method in our Balance Sheet and we record rental income from operating leases on a straight-line basis over the lease term. The amount of annual minimum lease payments attributable to the land element after deducting executory costs, including any profit thereon, is determined by applying our incremental borrowing rate to the value of the land. We record this lease income as Rental income from operating leases in our Statement of Operations.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the direct financing lease model, as lessor, at lease inception we record the lease receivable as Investment in direct financing leases, net in our Balance Sheet. Under the direct financing lease method, we recognize fixed amounts due on an effective interest basis at a constant rate of return over the lease term. As a result, the cash payments accounted for under direct financing leases will not equal the earned income from direct financing leases. A portion of the cash rent we receive is recorded as Earned income from direct financing leases in our Statement of Operations and a portion is recorded as a change to the Investment in direct financing leases, net.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additionally, in accordance with ASC 605, “Revenue Recognition”, the Company records revenue for real estate taxes paid by its tenants on the leased properties with an offsetting expense in real estate taxes with the Statement of Operations as the Company has concluded it is the primary obligor.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Golf-related Revenue</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On the Formation Date, subsidiaries of VICI Golf LLC, a subsidiary of the VICI REIT, entered into a golf course use agreement (the “Golf Course Use Agreement”) with New CEOC and Caesars Enterprise Services, LLC (“CES”) (collectively, the “users”), whereby the users were granted certain priority rights and privileges with respect to access and use of certain golf course properties. Payments under the Golf Course Use Agreement are comprised of a </font><font style="font-family:inherit;font-size:10pt;">$10.0 million</font><font style="font-family:inherit;font-size:10pt;"> annual membership fee, </font><font style="font-family:inherit;font-size:10pt;">$3.0 million</font><font style="font-family:inherit;font-size:10pt;"> of use fees and approximately </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;"> of minimum rounds fees. The annual membership fee, use fees and minimum round fees are subject to an annual escalator beginning at the times provided under the Golf Course Use Agreement. Revenue from the Golf Course Use Agreement is recognized in accordance with ASC 606, “Revenue From Contracts With Customers.”</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additional revenues from golf course operations, food and beverage and merchandise sales are recognized at the time of sale or when the service is provided and are reported net of sales tax. Golf memberships sold to individuals are not refundable and are deferred and recognized within golf revenue in the Statements of Operations over the expected life of an active membership, which is typically one year or less.</font></div></div>

Files In Submission

Name	View Source	Status
0001705696-18-000015-index-headers.html	Edgar Link	pending
0001705696-18-000015-index.html	Edgar Link	pending
0001705696-18-000015.txt	Edgar Link	pending
0001705696-18-000015-xbrl.zip	Edgar Link	pending
chart-8e4cbf2843ce7b811f8a02.jpg	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
msamapa01.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R76.htm	Edgar Link	pending
R77.htm	Edgar Link	pending
R78.htm	Edgar Link	pending
R79.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R80.htm	Edgar Link	pending
R81.htm	Edgar Link	pending
R82.htm	Edgar Link	pending
R83.htm	Edgar Link	pending
R84.htm	Edgar Link	pending
R85.htm	Edgar Link	pending
R86.htm	Edgar Link	pending
R87.htm	Edgar Link	pending
R88.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vici-20171231.xml	Edgar Link	completed
vici-20171231.xsd	Edgar Link	pending
vici-20171231_cal.xml	Edgar Link	unprocessable
vici-20171231_def.xml	Edgar Link	unprocessable
vici-20171231_lab.xml	Edgar Link	unprocessable
vici-20171231_pre.xml	Edgar Link	unprocessable
vici10k2017exhibit211.htm	Edgar Link	pending
vici10k2017exhibit231.htm	Edgar Link	pending
vici10k2017exhibit232.htm	Edgar Link	pending
vici10k2017exhibit233.htm	Edgar Link	pending
vici10k2017exhibit311.htm	Edgar Link	pending
vici10k2017exhibit312.htm	Edgar Link	pending
vici10k2017exhibit321.htm	Edgar Link	pending
vici10k2017exhibit322.htm	Edgar Link	pending
vici10kexhibit1039.htm	Edgar Link	pending
viciform10-k2017.htm	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$VICI
VICI PROPERTIES INC. Stock $vici

2017 Q4 Form 10-K Financial Statement

#000170569618000015 Filed on March 28, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VICI VICI PROPERTIES INC. Stock $vici

2017 Q4 Form 10-K Financial Statement

#000170569618000015 Filed on March 28, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VICI
VICI PROPERTIES INC. Stock $vici