Quarterly ResultApr 29, 2026, 04:40 PM
VICI Q1 Revenue +3.5% to $1.0B; Raises FY26 AFFO Guidance
AI Summary
VICI Properties Inc. reported strong first-quarter 2026 results, with total revenues increasing 3.5% to $1.0 billion and AFFO per share growing 4.5% to $0.61. The company also announced an expanded $1.5 billion mezzanine loan with Cain and Eldridge Industries and a pending CAD$200.6 million sale-leaseback of a Canadian casino portfolio with PURE. VICI raised its full-year 2026 AFFO guidance and confirmed regulatory approvals for the $1.16 billion Golden Entertainment acquisition.
Key Highlights
- Expanded $1.5B mezzanine loan with Cain and Eldridge for One Beverly Hills development.
- Announced pending CAD$200.6M / USD$144.4M acquisition of Canadian casino portfolio with PURE.
- Q1 2026 Total revenues increased 3.5% YoY to $1.0 billion.
- Q1 2026 Net income attributable to common stockholders rose 60.5% YoY to $872.4 million ($0.82/share).
- Q1 2026 AFFO attributable to common stockholders grew 5.7% YoY to $650.9 million ($0.61/share).
- Raised full-year 2026 AFFO guidance to $2,665M-$2,695M ($2.44-$2.47/diluted share).
- Regulatory approvals met for previously announced $1.16B Golden Entertainment acquisition.
- Declared Q1 2026 cash dividend of $0.45 per share, paid April 9, 2026.