Core Insights - VICI Properties reported third-quarter adjusted funds from operations (AFFO) per share of 60 cents, exceeding the Zacks Consensus Estimate of 59 cents, and reflecting a 5.3% increase from the prior-year quarter [1][9] - The company generated total revenues of $1.01 billion, surpassing the Zacks Consensus Estimate of $1.00 billion, with a year-over-year growth of 4.4% [2][9] - VICI Properties raised its 2025 AFFO per share outlook to a range of $2.36-$2.37, above the previous guidance of $2.35-$2.36, aligning with the Zacks Consensus Estimate [7][9] Revenue Breakdown - Income from sales-type leases was $531.8 million, a 2.5% increase year-over-year [3] - Income from lease financing receivables, loans, and securities rose to $448 million, marking a 6.9% year-over-year increase [3] - Other income for the quarter was $19.5 million, up 1.2% from the previous year, while golf revenues increased by 8.5% to $8.2 million [3] Financial Position - As of September 30, 2025, VICI Properties had cash and cash equivalents of $507.5 million, up from $233 million as of June 30, 2025 [5] - The company's total liquidity stood at $3.1 billion, which includes cash, estimated net proceeds from forward sale agreements, and availability under its revolving credit facility [5] - Total debt decreased to approximately $17.1 billion from $17.3 billion in the previous quarter [6] Strategic Developments - VICI Properties entered into a new agreement with Clairvest Group for the Northfield Park property in Northfield, OH, previously owned by MGM Resorts International [4]

Core Viewpoint - VICI Properties Inc. is expected to report quarterly earnings of $0.58 per share, reflecting a 3.6% increase year-over-year, with revenues forecasted at $985.56 million, also a 3.6% increase compared to the same period last year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 0.1%, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue Forecasts - Analysts predict 'Revenues- Golf revenues' will reach $10.60 million, a 5% increase from the prior-year quarter [5] - 'Revenues- Other income' is estimated at $19.29 million, reflecting a slight decrease of 0.1% year-over-year [6] - 'Revenues- Income from lease financing receivables and loans' is expected to be $425.25 million, indicating a 3.9% increase from the previous year [7] - 'Revenues- Income from sales-type leases' is forecasted to reach $530.04 million, representing a 3.4% increase compared to the prior-year quarter [8] Market Performance - Shares of VICI Properties have increased by 0.7% over the past month, contrasting with a -4.3% change in the Zacks S&P 500 composite, suggesting a potential outperformance in the near future [8]