| VICI |
Report |
AFFO per share (Q2 2026) |
BEAT |
pred ~$0.62 vs. cons $0.61 |
MEDIUM |
| VICI |
Report |
Total Revenue (Q2 2026) |
BEAT |
pred ~$1.06B vs. cons $1.045B |
MEDIUM |
| VICI |
Report |
GAAP Net Income / Diluted EPS (Q2 2026) |
IN-LINE |
pred ~$0.47 vs. cons $0.47 |
LOW |
| VICI |
Guide |
FY2026 AFFO per share guidance |
BETTER |
guide ~$2.46-$2.49 (mid $2.48) vs. cons $2.46 (FY2026) |
MEDIUM |
| VICI |
Guide |
Net Debt/Adjusted EBITDA leverage target |
UNCHANGED |
guide ~5.0x-5.5x (current ~5.0x) vs. cons/prior 5.0x-5.5x (FY2026-27 target range) |
HIGH |
| VICI |
Guide |
Q3 2026 dividend increase signaling |
UNCHANGED |
guide ~$0.48/qtr (implied ~7% raise) vs. cons ~$0.48/qtr (Q3 2026 declaration) |
MEDIUM |
| VICI |
Return |
Day-1 residual (stock − beta × S&P 500) |
+0.8% |
— |
MEDIUM |
| VICI |
Return |
5-day cumulative residual |
+0.4% (STABILIZE) |
A modest AFFO/revenue beat and a routine guidance raise (driven by already-known Golden Entertainment/Gamehost/Club Med closings) are largely pre-telegraphed by the Q1 asset-count disclosure, limiting surprise/estimate-revision upside. The dominant swing factor — Caesars/Fertitta and MGM/Diller take-private uncertainty covering ~70% of rent — is unlikely to be resolved on this call, so any initial pop from in-line-to-better numbers fades as investors refocus on unresolved tenant-credit overhangs and 2026 refinancing needs, while downside is cushioned by contractual, escalator-driven cash flows and a still-attractive ~6.7% yield anchoring the stock near current levels. |
LOW |