Vici Properties Inc. (VICI)
VICI Properties: Caesars Uncertainty Clouds Growth, But Near 7% Yield Keeps Me Bullish
VICI Properties remains a buy despite near-term volatility from the Caesars buyout overhang and macro uncertainty. VICI raised full-year AFFO guidance for a second consecutive quarter, with total AFFO up 8% year-over-year and a robust 6.6% dividend yield. Balance sheet strength is evident with leverage at 4.9x, ample liquidity, and continued portfolio diversification beyond Caesars.
VICI Properties Q2 Earnings Call Highlights
VICI Properties NYSE: VICI reported second-quarter adjusted funds from operations, or AFFO, of $0.62 per share, up 4.6% from $0.60 a year earlier, while raising the low end of its full-year 2026 AFFO-per-share guidance.
VICI Properties Q2 Earnings Call Highlights AFFO Outlook Raise
VICI highlights relationship-driven growth, new tenants and capital deployment after raising the low end of the 2026 AFFO outlook.
VICI Properties' Q2 FFO Meets Estimates, Revenues Beat on Lease Growth
VICI's Q2 AFFO meet estimates, while revenues beat forecasts, driven by lease growth and broader investment activity.
VICI Properties Inc. (VICI) Q2 2026 Earnings Call Transcript
VICI Properties Inc. (VICI) Q2 2026 Earnings Call Transcript
VICI Properties (VICI) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for VICI Properties (VICI) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
VICI Properties Inc. (VICI) Q2 FFO Match Estimates
VICI Properties Inc. (VICI) came out with quarterly funds from operations (FFO) of $0.62 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.6 per share a year ago.
Should VICI Stock Be in Your Portfolio Pre-Q2 Earnings?
VICI's Q2 results could show revenues and AFFO growth, but high debt and interest expenses might have weighed on performance.
VICI Properties Inc. (VICI) Outperforms Broader Market: What You Need to Know
In the closing of the recent trading day, VICI Properties Inc. (VICI) stood at $26.73, denoting a +1.56% move from the preceding trading day.
Why VICI Properties Inc. (VICI) Dipped More Than Broader Market Today
VICI Properties Inc. (VICI) closed the most recent trading day at $26.87, moving 1.03% from the previous trading session.
VICI Properties: Rich And Secure Incomes To Weather Macro And Caesars/MGM Uncertainty
The heightened US-Iran volatility brings forth renewed inflation and Fed rate hike fears, with it triggering downward pressure on many REIT stocks, VICI included. Caesars/MGM account for 70% of VICI's rent, with the potential buyouts triggering near-term lease uncertainties, worsened by the reduced visibility into the two tenants' future financial health. Readers may want to closely monitor VICI's upcoming FQ2'26 earnings call, since it remains to be seen how the REIT may eventually be impacted.
VICI Properties: You Don't Run From Fear, You Embrace It
VICI Properties trades at a depressed 11.24x P/AFFO, well below its historical average, offering 36% potential upside on mean reversion. VICI maintains a fortress balance sheet with a conservative 35% leverage and a 4.0x interest coverage ratio, supporting investment-grade ratings. The 6.62% dividend yield is well-covered by a 73% AFFO payout ratio, with AFFO per share growing 4.5% year-over-year.
