Off the back of completing a $4bn deal for the real estate of The Venetian Resort, the company has published its Q4 and full-year financial results, showing modest rises across key metrics.

For the fourth quarter, VICI saw more than $383m in revenue, a 2.7% increase, while net income attributable to common stockholders was $282m, or $0.44 per share.

Full-year revenue, meanwhile, exceeded 2020’s total by nearly $300m, and operating expenses were also down, from $321m to $75.6m, despite a 487% increase in total operating expenses for Q4.

Based on this, net income for the fourth quarter was down year-over-year, from $290m to $284m, though for 2021 as a whole, net income rose from $892m to just over $1bn.

And over the course of the year, the company announced approximately $21.3bn in acquisitions and investments, including the acquisition of The Venetian Resort’s land and real estate assets.

“The year 2021 was truly a transformational year for VICI as we announced record acquisition volume of over $21bn and enhanced our funnel of investment opportunities through strategic partnerships with Blackstone Real Estate and Apollo Global Management portfolio companies,” remarked Edward Pitoniak, VICI Properties CEO.

“We successfully accessed the equity capital markets with two of the largest REIT follow-on equity offerings ever executed, prudently eliminating equity funding risk and we have eliminated all outstanding secured debt, as we’ve worked toward closing our large-scale transactions.”