Valued at a market cap of $34.8 billion, VICI Properties Inc. (VICI) is an experiential real estate investment trust headquartered in New York. It owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas. The company is expected to announce its fiscal Q2 earnings for 2025 after the market closes on Wednesday, Jul. 30.
Ahead of this event, analysts expect this experiential REIT to report an FFO of $0.59 per share, up 3.5% from $0.57 per share in the year-ago quarter. The company has met or exceeded Wall Street’s FFO estimates in each of the last four quarters. In Q1, VICI’s FFO per share of $0.58 came in-line with the forecasted figure.
For fiscal 2025, analysts expect VICI to report FFO of $2.35 per share, up 4% from $2.26 per share in fiscal 2024. Furthermore, its FFO per share is expected to grow 3.4% year-over-year to $2.43 in fiscal 2026.
Shares of VICI have rallied 20.6% over the past 52 weeks, outpacing both the S&P 500 Index's ($SPX) 11.5% uptick and the Real Estate Select Sector SPDR Fund’s (XLRE) 7.6% return over the same time frame.
VICI’s stock closed down marginally on Apr. 30, following its Q1 earnings release. Its overall revenue advanced 3.4% year over year to $984.2 million, thanks to higher income from sales-type leases and an increase in income from lease financing receivables, loans, and securities. Moreover, its adjusted FFO of $0.58 per share advanced 4.3% from the year-ago quarter and aligned with the analyst estimates. VICI also raised its fiscal 2025 AFFO per share guidance expecting in the range of $2.33 to $2.36.
Wall Street analysts are highly optimistic about VICI’s stock, with a "Strong Buy" rating overall. Among 22 analysts covering the stock, 18 recommend "Strong Buy," one indicates a "Moderate Buy," and three suggest "Hold.” The mean price target for VICI is $36.23, which indicates a 7.7% potential upside from the current levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
