Overview
Experiential REIT's Q4 revenue rose YoY, in line with analyst expectations
AFFO per share rose 5.6% yr/yr to $0.60
Company announced $1.16 bln acquisition of casino properties from Golden Entertainment
Outlook
VICI Properties estimates 2026 AFFO between $2,590 mln and $2,625 mln
Company expects 2026 AFFO per share between $2.42 and $2.45
VICI Properties says guidance excludes impacts from pending acquisitions
Result Drivers
CAPITAL COMMITMENTS - VICI announced over $2 bln in capital commitments in 2025 with an 8.9% initial yield, contributing to revenue growth
ACQUISITIONS - The acquisition of casino properties from Golden Entertainment for $1.16 bln was announced in Q4
STRATEGIC PARTNERSHIPS - New partnerships, including with Clairvest and Red Rock Resorts, were highlighted as positioning the company for future growth
Company press release: ID:nBwbTDgB9a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Meet | $1.01 bln | $1.01 bln (11 Analysts) |
Q4 AFFO Per Share | $0.60 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for VICI Properties Inc is $35.00, about 15.6% above its February 24 closing price of $30.28
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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