VICI Properties raises full-year 2026 guidance as first quarter AFFO per share grows 4.5%.

VICI Properties reported first quarter 2026 revenue of $1.02 billion, a 3.5% year-over-year increase, while Adjusted Funds From Operations (AFFO) per share grew 4.5% to $0.61, meeting analyst expectations. The company subsequently raised its full-year 2026 AFFO guidance.

Key Highlights

• Adjusted Funds From Operations (AFFO) per share increased 4.5% year-over-year to $0.61, which was in line with analyst estimates.
• The company raised its full-year 2026 guidance for AFFO per share to a new range of $2.44 to $2.47, up from the prior range of $2.42 to $2.45.
• VICI announced it is providing a $1.5 billion mezzanine loan for the One Beverly Hills development, expanding its investment strategy into non-gaming experiential assets.