VICI Properties raises 2026 AFFO guidance; Q3 net income falls 55.1% on credit allowance

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.

Key points

• 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.

The filing

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

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.