VICI raises 2026 guidance as third-quarter AFFO rises 7.5%

VICI Properties reported third-quarter 2026 revenue of $1.1 billion, up 5.8% year over year, while AFFO increased 7.5% to $685.2 million, or $0.62 per diluted share; net income fell to $342.5 million, or $0.31 per share, after a $458.0 million non-cash increase in its credit-loss allowance. The company raised full-year 2026 AFFO guidance to $2.695 billion-$2.705 billion, issued $1.75 billion of senior notes to refinance 2026 maturities, declared a $0.46 quarterly dividend, and authorized up to $2.0 billion in share repurchases; it also agreed to a planned 20-year lease with Highfield Investment Group for Alberta racetrack properties, subject to closing conditions and regulatory approvals.