VICI reports higher second-quarter AFFO and expands its tenant base

VICI Properties’ second-quarter 2026 revenue rose 5.7% year over year to $1.1 billion, while AFFO increased 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 change in the non-cash credit-loss allowance. The company completed its $1.16 billion Golden Entertainment property acquisition, added leases with Clairvest and Club Med, acquired the Gamehost portfolio for approximately $141.0 million, and raised the low end of its 2026 AFFO guidance to $2.675 billion, or $2.45 to $2.47 per diluted share.