StockWatch
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Real Estate Investment Trusts
Quarterly ResultJul 29, 2026, 04:24 PM

VICI Q2 Revenue +5.7% to $1.06B; EPS $0.48, down 41.5%

AI Summary

VICI Properties Inc. reported a 5.7% increase in second-quarter revenue to $1.06 billion, but net income attributable to common stockholders decreased by 39.1% to $526.5 million, resulting in basic EPS of $0.48, down 41.5% year-over-year. This decline was primarily driven by a significant increase in the change in allowance for credit losses, which was an expense of $271.1 million in Q2 2026 compared to a benefit of $142.0 million in Q2 2025. For the six months ended June 30, 2026, net cash provided by operating activities rose by 10.4% to $1.36 billion.

Key Highlights

  • Q2 2026 revenue increased 5.7% to $1.06 billion.
  • Q2 2026 net income attributable to common stockholders decreased 39.1% to $526.5 million.
  • Q2 2026 basic EPS was $0.48, a 41.5% decrease from $0.82 in Q2 2025.
  • Change in allowance for credit losses was an expense of $271.1 million in Q2 2026.
  • Net cash provided by operating activities for H1 2026 increased 10.4% to $1.36 billion.
  • Total assets grew 3.3% to $48.27 billion as of June 30, 2026.
  • Dividends paid for H1 2026 increased 5.1% to $962.3 million.