--- title: "VICI Prop | 8-K: FY2026 Q2 Revenue: USD 1.059 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294256763.md" datetime: "2026-07-29T20:29:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294256763.md) - [en](https://longbridge.com/en/news/294256763.md) - [zh-HK](https://longbridge.com/zh-HK/news/294256763.md) generator: "portal-rs" --- # VICI Prop | 8-K: FY2026 Q2 Revenue: USD 1.059 B Revenue: As of FY2026 Q2, the actual value is USD 1.059 B. EPS: As of FY2026 Q2, the actual value is USD 0.48, missing the estimate of USD 0.7101. EBIT: As of FY2026 Q2, the actual value is USD 742.55 M. #### Operational Metrics VICI Properties Inc. owns 103 experiential assets, comprising 63 gaming properties and 40 other experiential properties across the United States and Canada, totaling approximately 130 million square feet. The portfolio includes about 66,000 hotel rooms and over 700 restaurants, bars, nightclubs, and sportsbooks. As of June 30, 2026, the company reported a 39.6-year weighted average lease term and a 100% occupancy rate. VICI Properties Inc.’s credit ratings are Baa3 / Stable Outlook from Moody’s, BBB- / Stable Outlook from S&P, and BBB- / Stable Outlook from Fitch. #### Net Income and Profitability Net income attributable to common stockholders for the three months ended June 30, 2026, was $526,521 thousand, compared to $865,079 thousand for the same period in 2025. For the six months ended June 30, 2026, net income attributable to common stockholders was $1,398,911 thousand, a decrease from $1,408,686 thousand in the prior year. Adjusted EBITDA attributable to common stockholders increased to $869,502 thousand for the three months ended June 30, 2026, from $822,239 thousand in the same period of 2025. For the six months ended June 30, 2026, Adjusted EBITDA was $1,707,728 thousand, up from $1,624,375 thousand for the same period in 2025. #### Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO) Funds From Operations (FFO) attributable to common stockholders for the three months ended June 30, 2026, was $526,521 thousand, down from $865,079 thousand in Q2 2025. Adjusted Funds From Operations (AFFO) attributable to common stockholders increased to $679,636 thousand for the three months ended June 30, 2026, from $630,178 thousand in Q2 2025. For the six months ended June 30, 2026, FFO was $1,398,911 thousand, slightly down from $1,408,686 thousand in the prior year. AFFO for the six months ended June 30, 2026, was $1,330,543 thousand, an increase from $1,246,160 thousand for the same period in 2025. #### Segment Revenue Total revenues for the three months ended June 30, 2026, were $1,058,505 thousand, an increase from $1,001,334 thousand in Q2 2025. For the six months ended June 30, 2026, total revenues were $2,077,026 thousand, up from $1,985,538 thousand in the prior year. Income from sales-type leases was $549,202 thousand for Q2 2026, compared to $530,348 thousand in Q2 2025. Income from lease financing receivables, loans and securities was $478,395 thousand for Q2 2026, compared to $440,260 thousand in Q2 2025. Other income was $18,915 thousand for Q2 2026, compared to $19,536 thousand in Q2 2025. Golf revenues were $11,993 thousand for Q2 2026, compared to $11,190 thousand in Q2 2025. Total annualized contractual rent and income from loans and securities was $3,597.9 million as of July 2026, including $3,312.2 million from real estate portfolio leases and $285.7 million from loans and securities. #### Expenses Total expenses for the three months ended June 30, 2026, were $315,611 thousand, compared to - $93,110 thousand in Q2 2025. For the six months ended June 30, 2026, total expenses were $239,314 thousand, up from $135,613 thousand in the prior year. Key expense items for Q2 2026 included general and administrative expenses of $15,429 thousand (vs. $14,561 thousand in Q2 2025), depreciation of $998 thousand (vs. $741 thousand in Q2 2025), and golf expenses of $7,395 thousand (vs. $6,619 thousand in Q2 2025). The change in allowance for credit losses was $271,059 thousand in Q2 2026, compared to - $142,001 thousand in Q2 2025. Transaction and acquisition expenses were $1,815 thousand in Q2 2026, down from $7,434 thousand in Q2 2025. #### Interest Interest expense for the three months ended June 30, 2026, was - $209,927 thousand, compared to - $213,797 thousand in Q2 2025. Interest income was $2,228 thousand in Q2 2026, slightly down from $2,293 thousand in Q2 2025. #### Balance Sheet Highlights Total assets were $48,271,220 thousand as of June 30, 2026, up from $46,724,168 thousand at December 31, 2025. Total liabilities were $18,668,509 thousand as of June 30, 2026, compared to $18,501,581 thousand at December 31, 2025. #### Cash and Debt Cash and cash equivalents were $288,063 thousand as of June 30, 2026, a decrease from $563,479 thousand at December 31, 2025. Total debt was $17,218,422 thousand as of June 30, 2026. The company’s LQA Net Leverage Ratio was 4.9x as of June 30, 2026. Total liquidity stood at $2,519,641 thousand, comprising $2,231,578 thousand in revolving credit facility capacity and $288,063 thousand in cash and cash equivalents. #### 2026 Guidance VICI Properties Inc. updated its Adjusted Funds From Operations (AFFO) guidance for the full year 2026 to be between $2,675.0 million and $2,695.0 million. This guidance translates to an estimated AFFO per common diluted share of $2.45 to $2.47. The updated guidance reflects an increase from the prior low estimate of $2,665.0 million for total AFFO and $2.44 for AFFO per share. ### Related Stocks - [VICI.US](https://longbridge.com/en/quote/VICI.US.md) ## Related News & Research - [VICI Properties Completes $1.75 Billion Senior Notes Offering](https://longbridge.com/en/news/295976207.md) - [Accenture Stock Leads 3 Dividend Shares Paying More Than 3%](https://longbridge.com/en/news/296071660.md) - [10:07 ETOG Anunoby Wants You to Take Your Cat to the Vet](https://longbridge.com/en/news/296504396.md) - [Li Ning (SEHK:2331) Stock Price Faces Growth Doubts Despite 10% Margin](https://longbridge.com/en/news/296613117.md) - [VICI: Q2 2026 delivered robust earnings, portfolio growth, and raised AFFO guidance for the year](https://longbridge.com/en/news/294263860.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**