VICI Properties Expands Strategic Investments and Raises AFFO Guidance for 2026

Summary

VICI Properties Inc. reported its first quarter 2026 financial results, showing a 3.5% increase in total revenues to $1.0 billion and a 60.5% year-over-year increase in net income to $872.4 million. The company expanded its strategic relationship with Cain and Eldridge Industries by providing a $1.5 billion mezzanine loan for the One Beverly Hills development. VICI also announced the acquisition of two casino assets and two adjacent hotels in Alberta, Canada, for CAD$200.6 million. Additionally, the company raised its AFFO guidance for the full year 2026 to between $2,665 million and $2,695 million.