VICI Properties Inc. Announces Third Quarter 2026 Results
VICI Properties reported Q3 2026 total revenues of $1.1 billion, up 5.8% year-over-year, with AFFO up 7.5% to $685.2 million ($0.62 per share, +4.3%). GAAP net income fell 55.1% to $342.5 million ($0.31 per share) due to a $458 million non-cash CECL allowance charge, while management raised full-year 2026 AFFO guidance to $2,695-$2,705 million ($2.47-$2.48 per share). VICI declared a $0.46 quarterly dividend (9th consecutive annual increase), authorized a $2.0 billion buyback, and refinanced all remaining 2026 maturities via a $1.75 billion investment grade notes offering at a 5.422% adjusted weighted average rate.
Key figures
- Eps
- 0.31
- Revenue
- 1065484000
- Guidance
- FY26 AFFO raised to $2,695-$2,705 million, or $2.47-$2.48 per diluted share (from $2,675-$2,695 million, $2.45-$2.47)
- Revenue Yoy
- 5.8%
- Affo
- 685200000
- Cash
- 270300000
- Affo yoy
- 7.5%
- Liquidity
- 2500000000
- Net income
- 342500000
- Dividend yoy
- 2.2%
- Notes issued
- 1750000000
- Affo per share
- 0.62
- Net income yoy
- -55.1%
- Affo per share yoy
- 4.3%
- Dividend per share
- 0.46
- Buyback authorization
- 2000000000
- Cecl allowance change
- 458030000
AI analysis
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