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VICI Properties ( (VICI) ) has provided an update.
VICI Properties reported first-quarter 2026 results on April 29, with total revenue up 3.5% year over year to $1.0 billion and net income jumping 60.5% to $872.4 million, largely due to a change in its CECL allowance. Adjusted funds from operations rose 5.7% to $650.9 million, or $0.61 per share, and the REIT ended the quarter with $480.2 million in cash and raised full-year 2026 AFFO guidance to a range of $2.665 billion to $2.695 billion.
The company deepened its strategic relationships and widened its footprint by expanding its mezzanine loan for the One Beverly Hills development to $1.5 billion and agreeing in principle with Cain and Eldridge Industries on a broader experiential investment venture. It also agreed to acquire a CAD$200.6 million Canadian casino and hotel portfolio to be folded into its PURE master lease, added Clairvest as its 14th tenant through a new lease at MGM Northfield Park, and moved closer to closing a previously announced $1.16 billion, seven-property acquisition from Golden Entertainment, underscoring its partner-driven growth strategy and strengthening recurring rent streams for stakeholders.
The most recent analyst rating on (VICI) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on VICI Properties stock, see the VICI Stock Forecast page.
Spark’s Take on VICI Stock
According to Spark, TipRanks’ AI Analyst, VICI is a Outperform.
The score is driven mainly by strong multi-year financial performance (despite questionable/missing 2025 annual line items) and a constructive earnings outlook with higher 2026 AFFO guidance. Valuation is a clear positive with a low P/E and high dividend yield, while technicals are more neutral with the stock still below its 200-day average.
To see Spark’s full report on VICI stock, click here.
More about VICI Properties
VICI Properties Inc. is an experiential real estate investment trust focused on owning and financing gaming, hospitality and entertainment properties, primarily through triple-net lease structures. The company partners with leading operators in the U.S. and Canada, expanding its portfolio via casino real estate acquisitions, development financing and structured investments in large-scale experiential projects.
Average Trading Volume: 8,930,284
Technical Sentiment Signal: Hold
Current Market Cap: $30.4B
See more data about VICI stock on TipRanks’ Stock Analysis page.