earnings
confidence high
sentiment positive
materiality 0.75
VICI Q1 AFFO $0.61/sh (+4.5% YoY); raises 2026 AFFO guidance; expands One Beverly Hills loan to $1.5B
VICI PROPERTIES INC.
2026-Q1 EPS reported
$0.82
revenue$1,018,521,000
- Q1 total revenues $1.0B (+3.5% YoY); AFFO $650.9M ($0.61/sh, +4.5%); net income $872.4M ($0.82) includes $305.7M CECL benefit.
- Expanded Cain/Eldridge relationship with $1.5B mezzanine loan for One Beverly Hills; initial funding $650M deployed.
- Pending acquisition of two Alberta casino assets and two hotels for CAD$200.6M/USD$144.4M; rent increases CAD$16.1M/yr.
- Raised 2026 AFFO guidance to $2,665M-$2,695M ($2.44-$2.47 per share) from prior range.
- Golden Entertainment $1.16B acquisition (7 casinos) expected to close April 30, 2026; all regulatory approvals met.