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VICI Properties reports 1st quarterly results

VICI Properties Inc. reported NAREIT-defined funds from operations attributable to common shareholders of $42.7 million, or 19 cents per share, for the fourth quarter of 2017.

NAREIT is the U.S.-based trade association for real estate investment trusts and publicly traded real estate companies. The covered period starts from Oct. 6, 2017, its formation date, to Dec. 31, 2017.

The experiential-asset real estate investment trust, which recently completed its IPO, said adjusted FFO for the period came to $84.1 million, or 37 cents per share.