VICI Properties expects 2026 AFFO of $2,675 mln-$2,695 mln
Company expects 2026 AFFO per diluted share of $2.45-$2.47
Overview
U.S. experiential REIT's Q2 revenue rose 5.7%, beating analyst expectations
Q2 AFFO per share increased 4.6% year-over-year to $0.62
Company added new tenants and completed U.S. and Canada acquisitions, including Club Med partnership
Result Drivers
New tenants - Addition of Clairvest, Golden Entertainment, and Club Med expanded and diversified tenant roster
Property acquisitions - Revenue growth driven by acquisitions of casino properties in Nevada and Canada
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized REITs peer group is "buy"
Wall Street's median 12-month price target for VICI Properties Inc is $34.00, about 25.5% above its July 28 closing price of $27.10
VICI•
