VICI Properties stock: AFFO guidance rises after Q3 results
Published on 11/01/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSVICI strengthens cash-flow outlook
- Third-quarter revenue increased 5.8 percent year over year, while AFFO per share rose 4.3 percent.
- Management raised its full-year 2026 AFFO guidance and authorized a share repurchase program of up to USD 2.0 billion.
- The quarterly dividend increased 2.2 percent, marking the ninth consecutive annual increase.
VICI Properties reported stronger recurring cash-flow growth for the third quarter and raised its full-year outlook in a release published Wednesday, October 28, 2026. The experiential real estate investment trust said total revenue increased 5.8 percent year over year to USD 1.065 billion for the quarter ended September 30.
Adjusted funds from operations, or AFFO, attributable to common stockholders rose 7.5 percent to USD 685.2 million. AFFO per diluted share increased 4.3 percent to USD 0.62, a key measure for investors assessing the REIT's recurring earnings and dividend capacity.
Guidance moves higher
VICI raised its 2026 AFFO guidance to USD 2.695 billion to USD 2.705 billion, or USD 2.47 to USD 2.48 per diluted share. The company said the outlook excludes possible future acquisitions or dispositions, capital-markets activity and other non-recurring transactions.
GAAP net income attributable to common stockholders fell to USD 342.5 million from USD 762.0 million a year earlier. VICI attributed the decline to a USD 478.2 million year-over-year change in the allowance for credit losses, while the non-GAAP AFFO measure increased.
The board also authorized a share repurchase program of up to USD 2.0 billion through September 30, 2029. Separately, VICI declared a quarterly cash dividend of USD 0.46 per share, a 2.2 percent year-over-year increase. The company said it has raised the annual dividend for nine consecutive years.
Portfolio and balance-sheet focus
VICI completed a USD 1.75 billion senior-notes offering to refinance 2026 maturities. The company also announced a planned triple-net master lease with Highfield Investment Group for two Alberta racetracks, subject to customary closing conditions and regulatory approvals.
VICI Properties stock traded at 21.85 euros on Lang & Schwarz at 13:04 CET on Saturday, October 31, 2026. Investors can view the real-time quote of VICI Properties stock.
VICI Properties at a glance
- Company: VICI Properties Inc.
- ISIN: US9256521090
- Ticker: VICI on the New York Stock Exchange
- Business: Experiential real estate investment trust
- Portfolio: 103 assets across the United States and Canada
- Lang & Schwarz quote: 21.85 euros on October 31, 2026, at 13:04 CET
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