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AI brief of an SEC Form 8-K · Vici Properties (VICI)

VICI Properties Q4 revenue rises 3.8% to $1.0 billion; quarterly EPS falls 2.8%

Mixed Impact 3 of 5 earnings Written later

VICI Properties reported fourth-quarter and full-year 2025 results and gave preliminary 2026 AFFO guidance. Revenue and AFFO grew, but fourth-quarter net income per share fell 2.8%, mainly because of a $58.7 million year-over-year change in the CECL allowance.

Key points

  • Q4 2025 total revenues rose 3.8% to $1.0 billion; Q4 AFFO rose 6.8% to $642.5 million, or $0.60 per share
  • Q4 net income attributable to common stockholders fell 1.6% to $604.8 million, or $0.57 per share, versus $0.58 a year earlier
  • Full-year 2025 AFFO per share rose 5.1% to $2.38; full-year revenue rose 4.1% to $4.0 billion
  • 2026 AFFO guidance is $2,590 million to $2,625 million, or $2.42 to $2.45 per diluted share

The filing

CompanyVici Properties (VICI)
Form8-K, current report
Filed with the SECFeb 25, 2026, 4:15 PM ET
Accession number0001705696-26-000033

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.