Wall Street expects VICI Properties to report Q1 2026 revenue of $1.02 billion and AFFO per share of $0.61, with the stock currently trading at $28.63 against an average analyst price target of $33.95.
Investors are primarily focused on the company’s tenant concentration risks, particularly its heavy exposure to Caesars Entertainment, and the stability of rent coverage amidst a normalizing Las Vegas tourism market.
Management’s guidance for the full year 2026 remains a critical focal point after a noisy fourth quarter in 2025 was impacted by accounting-driven misses. Analysts are also looking for updates on VICI’s recent pivot toward non-gaming experiential assets and mezzanine lending projects to drive long-term diversification.