Quarterly ResultJul 29, 2026, 04:22 PM
VICI Q2 Revenue $1.1B, AFFO/Share $0.62; Updates 2026 Guidance
AI Summary
VICI Properties Inc. reported its second quarter 2026 financial results, with total revenues increasing 5.7% year-over-year to $1.1 billion and AFFO per share rising 4.6% to $0.62. However, net income attributable to common stockholders decreased 39.1% to $526.5 million, primarily due to a change in the CECL allowance. The company also announced significant strategic expansions, including partnerships with Club Med, Clairvest, and Golden Entertainment, adding new tenants and properties to its portfolio. VICI updated its full-year 2026 AFFO guidance to a range of $2.45 to $2.47 per diluted share.
Key Highlights
- Total revenues increased 5.7% year-over-year to $1.1 billion.
- Net income attributable to common stockholders decreased 39.1% to $526.5 million, or $0.48 per share, due to CECL allowance.
- AFFO attributable to common stockholders increased 7.8% to $679.6 million, or $0.62 per share.
- Acquired Carambola Beach Resort for $20.3 million and will fund $55.2 million for redevelopment with Club Med.
- Closed $1.16 billion acquisition of seven Nevada casino properties from Golden Entertainment.
- Completed C$200.6 million (US$141.0 million) acquisition of Gamehost Portfolio in Canada.
- Declared a quarterly cash dividend of $0.45 per share, totaling $495.3 million.
- Updated full-year 2026 AFFO guidance to between $2,675 million and $2,695 million, or $2.45 to $2.47 per diluted share.
Price Impact
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