Every material Form 8-K Vici Properties filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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
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
VICI Properties reported second-quarter 2026 results, with revenue up 5.7% to $1.1 billion and AFFO up 7.8% to $679.6 million. GAAP net income attributable to common stockholders fell 39.1%, mainly because of a $413.1 million year-over-year swing in the CECL allowance, and the company raised the low end of its full-year 2026 AFFO guidance.
Total revenues were $1.1 billion, up 5.7% from $1.0 billion a year earlier.
Net income attributable to common stockholders was $526.5 million, or $0.48 per share, versus $865.1 million, or $0.82 per share, in Q2 2025, driven by a $413.1 million change in the CECL allowance.
AFFO attributable to common stockholders was $679.6 million, or $0.62 per share, up 7.8% and 4.6% respectively.
Full-year 2026 AFFO guidance is now $2,675 million to $2,695 million ($2.45 to $2.47 per diluted share), up from $2,665 million to $2,695 million ($2.44 to $2.47).
VICI Properties reported first-quarter 2026 total revenues of $1.0 billion, up 3.5% from a year earlier, and AFFO attributable to common stockholders of $650.9 million, up 5.7%. The company raised its full-year 2026 AFFO guidance to $2.44 to $2.47 per diluted share, from $2.42 to $2.45, and said it expects the Golden Entertainment acquisition to close on or around April 30, 2026. Reported net income rose 60.5% to $872.4 million, mainly because of a $305.7 million year-over-year change in a non-cash credit loss allowance.
Total revenues were $1.0 billion, up 3.5% from $984.2 million in the first quarter of 2025.
AFFO was $650.9 million, or $0.61 per share, up 5.7% and 4.5% respectively from a year earlier.
Net income attributable to common stockholders was $872.4 million, or $0.82 per share, versus $543.6 million, or $0.51 per share, a year earlier.
Full-year 2026 AFFO guidance was raised to $2,665 million to $2,695 million, from $2,590 million to $2,625 million.
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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Vici Properties filing is on SEC EDGAR ↗. 8-K briefs of other companies →