Vici Properties Reports Q3 2026 Growth and Raises Full-Year AFFO Guidance
Vici Properties (VICI) reported third-quarter revenue of $1.1 billion, a 5.8% year-over-year increase driven largely by non-cash leasing and financing adjustments. While net income attributable to common stockholders saw a significant decline of 55.1%, the company's Non-GAAP AFFO per share rose 4.3% to $0.62. Reflecting confidence in its operational trajectory, Vici raised its full-year 2026 AFFO guidance to a range of $2,695 million to $2,705 million. The company continues to demonstrate strong capital management through a $2 billion stock buyback authorization and a quarterly cash dividend increase to $0.46 per share, marking nine consecutive years of growth. Despite facing headwinds such as a Moody's credit rating downgrade for Caesars—leading to a $313 million allowance for credit losses—Vici maintains a healthy liquidity position of $2.5 billion and keeps its net debt to adjusted EBITDA at 4.8x, well within its target leverage range.
Topics: AFFO per share debt issuance dividend increase guidance raise revenue growth stock buyback