VICI Properties Inc. · VICI · Next earnings

VICI Properties Inc. reports Thursday, Oct 29, 2026

VICI reports after market close with consensus EPS at $0.72 and revenue at $1.06B. Last quarter: VICI Properties Raises 2026 AFFO Guidance on $1.2B in New Capital Commitments

Reports After market close39 days awayDate estimated Real Estate

What the street expects

Consensus for the coming report
Consensus EPS $0.72 Calendar consensus
Consensus revenue $1.06B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session After market close 39 days away

Where VICI left off: FY2026 Q1

Full report

VICI Properties Raises 2026 AFFO Guidance on $1.2B in New Capital Commitments

EPS surprise +16.0% Reported $0.82 vs $0.71
Revenue surprise +0.4% Reported $1.02B vs $1.01B
Stock move +2.1% Event window
Subsequent drift -3.4% Up to 20 sessions

VICI raised its 2026 AFFO guidance from $2.59-$2.625 billion to $2.665-$2.695 billion ($2.44-$2.47 per share), up from the prior range issued in Q4 2025. Guidance sentiment shifted from maintained to raised, and capex outlook moved from stable to increasing, reflecting $1.2B in new capital commitments and a deepened investment pipeline.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Cyclical economic fluctuations affecting discretionary spending on gaming and entertainment
  • Idiosyncratic risks tied to tenant performance and lease renewals
  • Regulatory approvals for gaming assets and potential changes in gaming legislation
  • Interest-rate risk despite hedging strategy and forward-starting swaps
  • Competitive pressure from new casino developments in emerging markets

Questions analysts left open

  • Mix of loan book versus traditional sale-leaseback structures
  • Pipeline composition between gaming and non-gaming assets
  • Status and timing of the Venetian partner property growth fund
  • Rationale and timing for forward-starting interest-rate swaps
  • Impact of potential Caesars privatization rumors and regional lease performance

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Recent VICI quarters

All VICI earnings
+2.1%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.