VICI Properties (NYSE:VICI) Issues FY 2026 Earnings Guidance

VICI Properties (NYSE:VICI) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.470-2.480 for the period, compared to the consensus earnings per share estimate of 2.470.

VICI Properties Trading Up 4.1%

Shares of NYSE VICI opened at $24.49 on Friday. VICI Properties has a fifty-two week low of $22.42 and a fifty-two week high of $30.83. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $26.97 billion, a price-to-earnings ratio of 11.23 and a beta of 0.65. The business’s 50 day moving average price is $24.20 and its 200-day moving average price is $26.98.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, October 28th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.41). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. VICI Properties had a net margin of 56.46% and a return on equity of 8.14%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. On average, sell-side analysts expect that VICI Properties will post 2.47 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 7.5%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, September 17th. VICI Properties’s dividend payout ratio is presently 84.40%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VICI. Morgan Stanley dropped their price objective on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 15th. Scotiabank cut their price objective on VICI Properties from $29.00 to $26.00 and set a “sector perform” rating on the stock in a report on Thursday, September 24th. JPMorgan Chase & Co. downgraded shares of VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Thursday, September 24th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a report on Friday, July 31st. Finally, Weiss Ratings cut VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, September 9th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.61.

VICI Properties News Summary

Here are the key news stories impacting VICI Properties this week:

• Positive Sentiment: VICI authorized a $2 billion share-repurchase program, equivalent to roughly 7.7% of outstanding shares. Management believes the stock is undervalued, and buybacks could boost adjusted funds from operations (AFFO) per share and support the stock. VICI Properties reports third-quarter results and announces share repurchase program
• Positive Sentiment: Third-quarter revenue rose 5.8% year over year to approximately $1.07 billion, exceeding expectations as lease growth, strong occupancy and contractual escalators supported results. AFFO was about $0.62 per share, broadly in line with consensus and up from $0.60 a year earlier. VICI Properties’ Q3 FFO meets estimates and revenue beats
• Positive Sentiment: Management raised its 2026 AFFO-per-share outlook to approximately $2.475. AFFO per share grew 4.3%, while the payout ratio has declined to roughly 74%, leaving more retained cash available for reinvestment and repurchases. VICI Properties Q3 AFFO and revenue rise
• Neutral Sentiment: VICI said leverage remains within its targeted 5.0x–5.5x range, which provides flexibility for buybacks while maintaining its dividend and investment-grade financial profile. VICI Properties’ $2 billion buyback
• Negative Sentiment: Reported earnings declined and GAAP EPS of $0.31 was well below the $0.72 analyst estimate, reflecting higher expenses. VICI also recorded a $458 million increase in its credit-loss allowance, much of it related to Caesars, although the charge was non-cash and did not reduce AFFO or the dividend. VICI Properties Q3 earnings and Caesars lease uncertainty

About VICI Properties

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.