---
schema_version: "secwatch.filing_event.v1"
accession: "0001705696-26-000068"
form_type: "8-K"
ticker: "VICI"
cik: "0001705696"
company_name: "VICI PROPERTIES INC."
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T02:18:30.885731+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VICI Q1 AFFO $0.61/sh (+4.5% YoY); raises 2026 AFFO guidance; expands One Beverly Hills loan to $1.5B

## Summary
- 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.

## SEC filing metadata
- accession: 0001705696-26-000068
- form_type: 8-K
- ticker: VICI
- cik: 0001705696
- company_name: VICI PROPERTIES INC.
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705696/000170569626000068/0001705696-26-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705696/000170569626000068/vici-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001705696-26-000068
- JSON: https://secwatch.observer/filing/0001705696-26-000068.json
- Plain text: https://secwatch.observer/filing/0001705696-26-000068.txt

## Key facts
- Earnings Releases
  VICI PROPERTIES INC. reported the quarter ended March 31, 2026 results: revenue $1.0 billion, net income $872.4 million, EPS $0.82. Guidance raised.
  - Period: the quarter ended March 31, 2026
  - Revenue: $1.0 billion
  - Net income: $872.4 million
  - EPS: $0.82
  - Guidance: raised
  - Result: reported results
  source text: herein are on a per diluted common share basis unless otherwise stated. First Quarter 2026 Financial and Operating Highlights • Total revenues increased 3.5% year-over-year to $1.0 billion • Net income attributable to common stockholders increased 60.5% year-over-year to $872.4 million and, on a per share basis, increased 58.7% year-over-year to $0.82 due to the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705696/000170569626000068/0001705696-26-000068-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.