VICI posts higher Q4 AFFO and 2025 growth but misses revenue estimates as other income and golf revenues decline.
VICI Properties Inc. (VICI) came out with quarterly funds from operations (FFO) of $0.6 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.57 per share a year ago.
The headline numbers for VICI Properties (VICI) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
VICI gears up for Q4 earnings results, with revenues seen rising 4.08% and AFFO per share up 5.26%, backed by CPI-linked leases and portfolio growth.
VICI Properties: Conquer Growing Dividends
VICI Properties Inc. (VICI) concluded the recent trading session at $29.86, signifying a +1.91% move from its prior day's close.
VICI Properties offers unmatched stability and predictability, ideal for income-focused investors seeking 8%-10% annual returns with capital preservation. VICI's unique, irreplicable Vegas-centric portfolio ensures 100% occupancy, long leases, annual rent escalations, and one of the safest revenue streams in the market. Growth has slowed as management remains highly selective, with the deal pipeline thin and AFFO per share growth moderating, but the starting yield is at a multi-year high.
VICI Properties and Gaming and Leisure Properties are two casino REITs that look similar on the surface. But VICI focuses mostly on Las Vegas, whereas GLPI invests primarily in regional markets. Premium locations justify higher valuations. We prefer VICI Properties.
In the latest trading session, VICI Properties Inc. (VICI) closed at $28.85, marking a +2.85% move from the previous day.
VICI Properties Inc. (VICI) concluded the recent trading session at $27.89, signifying a -2.14% move from its prior day's close.
Antero Midstream, VICI Properties, and Enbridge each yield over 5% and offer a realistic path to 10–12% annual returns. AM has transformed from a yield trap to a high-quality midstream with robust free cash flow, a 5.1% yield, and significant buyback potential. VICI's unique Las Vegas Strip assets, 6.4% yield, and AFFO growth support a safe, double-digit total return, trading below historical valuation multiples.
VICI Properties Inc. has dipped just over 18% from its 52-week high as market anxiety grows over its highly concentrated portfolio. The REIT's dividend yield has reached a 5-year high at 6.4%, with its 5-year compound annual growth rate at 7.06%. Recent sale-leaseback with Golden Entertainment reduces the rent concentration of its largest tenant, even as the market remains cautious.