VICI Properties Q2 revenue beats estimates on new tenants addition

VICI Properties

29/07/2026 21:28

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

Outlook
VICI Properties expects 2026 AFFO of $2,675 mln-$2,695 mln
Company expects 2026 AFFO per diluted share of $2.45-$2.47

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

Company press release: ID:nBw677l43a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.10 bln
$1.04 bln (14 Analysts)
Q2 AFFO Per Share
 
$0.62
 
Q2 Dividend
 
$0.45
 

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
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
July 28 - Caesars Entertainment Q2 revenue slightly beats estimates on regional growth
July 28 - WP Carey Q2 revenue beats estimates on higher leases; AFFO outlook raised
July 29 - US court revives lawsuit claiming AI software fueled price-gouging by New Jersey casinos 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)