Oct 28, 4:16 PM ET
VICI Properties reported third-quarter 2026 revenue up 5.8% to $1.1 billion and AFFO up 7.5% to $685.2 million, and raised its full-year 2026 AFFO guidance. GAAP net income fell 55.1%, which the company attributes to a $478.2 million year-over-year change in its CECL credit loss allowance, a non-cash item. Shareholders see stronger operating cash-based earnings alongside a sharp drop in reported net income.
- Net income attributable to common stockholders was $342.5 million, or $0.31 per share, down from $762.0 million, or $0.71 per share, a year earlier, driven by a $478.2 million change in the CECL allowance.
- AFFO attributable to common stockholders rose 7.5% to $685.2 million, or $0.62 per share, from $0.60 a year earlier.
- Full-year 2026 AFFO guidance was raised to $2,695 million to $2,705 million, or $2.47 to $2.48 per diluted share, from $2.45 to $2.47.
- The board declared a $0.46 quarterly dividend, up 2.2%, and on October 27, 2026 authorized a share repurchase program of up to $2.0 billion.
Read the filing on SEC.gov ↗
Sep 8, 8:35 AM ET
VICI Properties announced that John M. Sullivan, former President and CEO of Cadillac Fairview, has been appointed an independent director, subject to regulatory approvals. His appointment is expected to increase the board to eight directors, and he will serve on the Compensation and Nominating and Governance committees.
- Appointment is subject to receipt of all applicable regulatory approvals; announced September 8, 2026
- Expected to increase the Board size to eight directors
- Sullivan led Cadillac Fairview as President and CEO from January 2011 until his retirement in October 2023
- Sullivan will serve on the Compensation Committee and Nominating and Governance Committee
Read the filing on SEC.gov ↗
Aug 14, 4:15 PM ET
VICI Properties L.P., the operating partnership of VICI Properties Inc., completed sales of $900 million of 5.400% notes due 2031 and $850 million of 5.750% notes due 2036 on August 14, 2026. It plans to use the proceeds to repay existing senior notes maturing in 2026, including $1.25 billion of 4.250% notes due December 2026 and $480.5 million of 4.500% notes due September 2026, which the filing says it expects to redeem on August 17, 2026.
- $900 million of 5.400% notes due October 15, 2031, issued at 99.966% of par value
- $850 million of 5.750% notes due October 15, 2036, issued at 98.375% of par value
- Proceeds intended to repay $1.25 billion of 4.250% notes due December 2026 and $480.5 million of 4.500% notes due September 2026, with redemption expected August 17, 2026
- The notes are unsecured, are not guaranteed by VICI Properties Inc., and pay interest semi-annually starting April 15, 2027
Read the filing on SEC.gov ↗
Aug 6, 4:18 PM ET
VICI Properties' operating partnership agreed to sell $900 million of 5.400% notes due 2031 and $850 million of 5.750% notes due 2036, with closing expected August 14, 2026. The company estimates net proceeds of about $1,720.0 million, which it plans to use mainly to repay several 2026 maturities, including $1.25 billion of 4.250% notes due December 2026.
- Offering totals $1.75 billion: $900 million of 5.400% notes due October 15, 2031 issued at 99.966% of par and $850 million of 5.750% notes due October 15, 2036 issued at 98.375% of par
- Estimated net proceeds of about $1,720.0 million, with closing expected August 14, 2026
- Proceeds earmarked to repay $480.5 million of 4.500% notes due 2026, $19.5 million of 4.500% MGP notes due 2026 and $1.25 billion of 4.250% notes due December 2026, with any remainder for general corporate purposes
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
