VICI reports higher second-quarter AFFO and expands property portfolio

VICI Properties reported second-quarter 2026 revenue of $1.1 billion, up 5.7% year over year, while AFFO rose 7.8% to $679.6 million, or $0.62 per diluted share; net income fell to $526.5 million, or $0.48 per share, largely because of a $413.1 million year-over-year change in the non-cash CECL allowance. During the quarter, VICI completed its $1.16 billion Golden Entertainment property acquisition, acquired the Gamehost portfolio for approximately $141.0 million, and agreed to fund $55.2 million of redevelopment at the $20.3 million Carambola Beach Resort leased to Club Med; it raised 2026 AFFO guidance to $2.675 billion-$2.695 billion, or $2.45-$2.47 per diluted share.