VICI Properties and EPR Properties Raise Full-Year Guidance
Real estate investment trusts (REITs) VICI Properties (VICI) and EPR Properties (EPR) have both raised their full-year financial outlooks following strong third-quarter results. VICI Properties, which specializes in casino and entertainment properties, reported an adjusted funds from operations (AFFO) of $0.62 per share, a 4.3% year-over-year increase. Additionally, the company's board authorized a significant $2 billion share buyback program. EPR Properties, focused on experiential real estate such as movie theaters and ski resorts, saw its adjusted funds from operations (AFFO) rise 8.8% to $1.49 per share. Management subsequently raised the low end of its 2026 guidance and increased its projected investment spending. While both companies offer high dividend yields exceeding 6%, investors should note specific risks such as VICI's tenant concentration with Caesars and MGM Resorts.
Topics: Earnings Report Guidance Increase Real Estate Investment Trusts Stock Buyback
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