VICI raises 2026 FFO forecast on stronger rental income
VICI•Quarterly results and market reaction
Its second-quarter revenue came in at $1.06 billion, up 5.7% from last year and above analysts' estimates of $1.04 billion, according to data compiled by LSEG.
However, VICI's quarterly adjusted FFO of 62 cents per share missed analysts' estimates of 67 cents per share.
Shares of the company were down 0.5% in after-hours trading.
2026 forecast raised on new tenants and rental income
July 29 (Reuters) - VICI Properties raised the lower end of its forecast for 2026 adjusted funds from operations as it added three new tenants during the quarter, diversifying and increasing its sources of rental income.
Over the quarter, the company entered into a lease for MGM Northfield Park in Ohio, acquired the Golden Entertainment casino portfolio and planned redevelopment of Carambola Beach Resort, marking its 14th, 15th and 16th tenants.
Here are some details:
- VICI uses a sale-leaseback model, acquiring existing real estate assets and leasing them back to operators, often delivering an immediate increase in income.
- It now expects 2026 adjusted FFO per share between $2.45 and $2.47, up from $2.44 to $2.47 earlier.
