VICI Properties Inc. Set to Report Q1 Earnings with Strong Growth Projections

VICI Properties Inc. (VICI), boasting a market cap of $33.9 billion, is a leading S&P 500 real estate investment trust focused on gaming, hospitality, and entertainment venues. The company plans to report its Q1 earnings on Wednesday, April 30, after the market closes.

Anticipated Earnings and Historical Performance

Analysts forecast VICI’s adjusted funds from operations (AFFO) will reach $0.57 per share, reflecting a 1.8% increase from the $0.56 reported in the same quarter last year. Notably, VICI has consistently met or exceeded earnings estimates over the last four quarters, affirming its financial resilience.

Future Earnings Expectations

Looking ahead, for fiscal 2025, analysts predict VICI will post an AFFO of $2.33, a 3.1% rise from $2.26 in fiscal 2024. The company’s AFFO is expected to grow further in fiscal 2026, reaching $2.40, representing a year-over-year growth rate of 3%.

Stock Performance and Market Position

Over the past year, VICI’s stock has increased by 18.1%, outperforming the S&P 500 Index, which rose by 4.4%, and the Real Estate Select Sector SPDR Fund (XLRE), which experienced a 10.5% increase.

Latest Quarter Results and Strategic Initiatives

VICI shares saw a modest rise following the release of its Q4 2024 results on February 20. The company reported revenue of $976.1 million, a 4.7% increase from the previous year, surpassing consensus estimates. This growth was supported by strong leasing activity and new financing initiatives. Additionally, VICI has committed $300 million to a strategic investment in the prestigious One Beverly Hills project, enhancing its footprint in the luxury experiential market.

Analyst Ratings and Price Outlook

The consensus view on VICI stock remains positive, with an overall “Strong Buy” rating. Among the 22 analysts covering VICI, 18 recommend a “Strong Buy,” one suggests a “Moderate Buy,” and three propose a “Hold.” The average price target stands at $35.96, indicating a potential upside of 12.2% from the current trading levels.

On the date of publication, Kritika Sarmah did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. For more information, please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are solely those of the author and do not necessarily represent those of Nasdaq, Inc.