VICI Properties’ Quarterly Earnings Preview: What You Need to Know

Core Insights - VICI Properties Inc. is valued at a market cap of $33 billion and is a leading experiential real estate investment trust, owning major properties like Caesars Palace Las Vegas and MGM Grand [1] - The company is set to announce its fiscal Q3 earnings for 2025 on October 30, 2023, with analysts expecting an FFO of $0.60 per share, reflecting a 5.3% increase from the previous year [2] Financial Performance - For fiscal 2025, VICI is projected to report an FFO of $2.37 per share, which is a 4.9% increase from $2.26 per share in fiscal 2024, with further growth expected to $2.49 per share in fiscal 2026 [3] - In Q2, VICI reported quarterly revenue of $1 billion, marking a 4.6% year-over-year increase and slightly exceeding consensus estimates, driven by higher income from sales-type leases and lease financing [5] - The company's AFFO for Q2 was $0.60 per share, up 5.3% from the same period last year, aligning with analyst expectations [6] Market Performance - Over the past 52 weeks, VICI's shares have decreased by 5%, underperforming the S&P 500 Index's 14.4% increase but outperforming the Real Estate Select Sector SPDR Fund's 5.8% decline [4] - Wall Street analysts maintain a "Strong Buy" rating for VICI, with 18 out of 23 analysts recommending "Strong Buy," one suggesting "Moderate Buy," and four advising "Hold," indicating a mean price target of $36.86, which suggests a 19.2% potential upside [7]