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NEW YORK – VICI Properties Inc. (NYSE:VICI), a prominent real estate investment trust with a market capitalization of $34 billion and a track record of raising dividends for seven consecutive years, announced the results of its 2025 Annual Meeting of Stockholders today. According to InvestingPro data, the company maintains a robust 5.37% dividend yield and trades near its 52-week high of $34.29. Shareholders voted on several key items, including the election of directors, ratification of the company’s independent auditor, and an advisory vote on executive compensation.
During the meeting, all seven director nominees were elected to serve until the 2026 Annual Meeting or until their successors are duly elected and qualified. The elected directors are James R. Abrahamson, Diana F. Cantor, Monica H. Douglas, Elizabeth I. Holland, Craig Macnab, Edward B. Pitoniak, and Michael D. Rumbolz. The election saw a majority of votes cast in favor of each nominee, with the least votes received by Elizabeth I. Holland at 929,196,573 for and the most by Edward B. Pitoniak at 941,336,494 for.
Additionally, the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with an overwhelming majority of 978,838,090 votes for and only 3,651,633 against.
The stockholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers. The proposal received 900,381,991 votes for, 40,546,212 against, and 1,118,241 abstentions. This strong shareholder support aligns with VICI’s solid financial performance, as InvestingPro analysis shows the company maintaining impressive profit margins of 99% and achieving 6.53% revenue growth in the last twelve months.
These decisions, detailed in the definitive proxy statement filed on March 17, 2025, were concluded with no reported broker non-votes affecting the outcome of the first and third proposals, signaling a strong show of support from the shareholders in the company’s governance and executive compensation practices.
The annual meeting serves as a critical platform for shareholder engagement and corporate governance for VICI Properties Inc., which specializes in owning, acquiring, and developing gaming, hospitality, and entertainment destinations. With a P/E ratio of 12.6 and an "GREAT" financial health score from InvestingPro, which offers comprehensive analysis and 8 additional key insights about VICI’s investment potential through its Pro Research Report, the company continues to demonstrate strong market positioning in the Specialized REITs industry.
This report is based on the information provided in the latest 8-K filing by VICI Properties Inc. with the U.S. Securities and Exchange Commission.
In other recent news, VICI Properties reported mixed financial results for the fourth quarter of 2024. The company achieved a revenue of $976.1 million, surpassing the forecast of $968 million, but missed the earnings per share (EPS) forecast, reporting $0.58 against an expected $0.68. Additionally, VICI Properties has successfully priced $1.3 billion in senior unsecured notes, with $400 million due in 2028 and $900 million due in 2035, to manage upcoming debt maturities. The proceeds from these notes will address $1.3 billion of unsecured debt maturing in 2025. Stifel analysts raised the stock price target for VICI Properties to $34.25, maintaining a Buy rating, while JMP analysts upheld a Market Outperform rating with a $35.00 price target, citing strategic refinancing and a credit rating upgrade as positive developments. VICI Properties’ investment strategy, focusing on high-quality assets and accretive acquisitions, continues to receive positive attention from analysts. The company’s solid revenue performance and strategic initiatives are seen as indicators of its potential for future growth.
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