VICI Properties Inc.VICI
NYSE•Real Estate•REIT - Diversified
Understand cash generation quality and how management allocates capital.
Free cash flow was $631.24M in the latest quarter (6.7% increase YoY). FCF margin is 15.6%. Shares outstanding increased by 1.2% year-over-year, indicating dilution (potentially from stock compensation or capital raises). Free cash flow is the lifeblood of a business — it funds dividends, buybacks, debt reduction, and reinvestment without relying on external capital.
Free cash flow, earnings quality, and capital allocation