VICI Properties' second quarter 2026 revenue of $1.1B beat estimates while AFFO per share grew 4.6% to $0.62.

VICI Properties reported second quarter 2026 total revenue of $1.1 billion, an increase of 5.7% year-over-year, and GAAP Net Income per share of $0.48. The company raised the low end of its full-year 2026 guidance for Adjusted Funds From Operations (AFFO).

Key Highlights

• Adjusted Funds From Operations (AFFO), a key metric for REITs, increased 7.8% to $679.6 million, or $0.62 per share, up 4.6% year-over-year and beating estimates of $0.60.
• VICI raised its full-year 2026 AFFO guidance to a range of $2.45 to $2.47 per share, up from a prior range of $2.44 to $2.47 per share.
• The company completed several acquisitions, including a $1.16 billion transaction for seven Golden Entertainment properties and a partnership with Club Med for a resort in St. Croix, adding three new tenants during the quarter.