VICI Lifts 2026 AFFO Guidance and Greenlights $2B Buyback After Solid Q3
VICI is trading near its 52-week low of $22.425 (5.0% above the low).
Summary
VICI raised its 2026 AFFO outlook to $2.695B–$2.705B, or $2.47–$2.48 per share, and its board authorized a buyback of up to $2.0B. Q3 revenue came in at $1.1B, up 5.8% year over year, while AFFO rose 7.5% to $685.2M. The quarter also carried a dividend of $0.46 per share, up 2.2%. The buyback is the biggest new item here: at a market cap near $26B, a $2B authorization is meaningful and gives management a lever to support per-share AFFO if the stock trades below their view of value. This builds on the August refinancing of $1.75B in senior notes at a 5.42% adjusted rate, which pushed out 2026 maturities and lowered near-term refinancing risk. The guidance raise and buyback together point to steady cash flow growth rather than a step-change; the next real swing factor would be large accretive acquisitions or faster rent escalators.
At the time of this announcement, VICI was trading at $23.55 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $25.9B. The 52-week trading range was $22.43 to $30.88. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.