VICI Properties Q2 2025 Earnings Preview: What Analysts Expect

VICI Properties, a real estate investment trust with a market cap of $34.8 billion, is expected to announce its Q2 2025 earnings after the market closes on July 30. Analysts predict an FFO of $0.59 per share, up 3.5% from the year-ago quarter. The company has met or exceeded Wall Street's FFO estimates in each of the last four quarters. Shares of VICI have rallied 20.6% over the past 52 weeks, outpacing the S&P 500 Index and the Real Estate Select Sector SPDR Fund.

VICI Properties Inc. (VICI), a prominent experiential real estate investment trust (REIT), is set to release its fiscal second-quarter (Q2) 2025 earnings after the market closes on Wednesday, July 30. The company, valued at a market cap of $34.8 billion, owns a diverse portfolio of gaming, hospitality, wellness, entertainment, and leisure destinations, including Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas.

Analysts are projecting that VICI will report a Funds from Operations (FFO) of $0.59 per share for the Q2 2025 period, representing a 3.5% increase from the $0.57 per share recorded in the same quarter last year. This forecast aligns with the company's track record of meeting or exceeding Wall Street's FFO estimates in each of the last four quarters. For example, in Q1 2025, VICI's FFO per share of $0.58 matched the analyst estimates [1].

For the full fiscal year 2025, analysts expect VICI to report an FFO of $2.35 per share, up 4% from the $2.26 per share reported in fiscal 2024. Furthermore, the company's FFO per share is projected to grow by 3.4% year-over-year to $2.43 in fiscal 2026 [1].

VICI's stock has shown strong performance over the past year, with shares rallying by 20.6% over the past 52 weeks. This growth has outpaced both the S&P 500 Index's 11.5% and the Real Estate Select Sector SPDR Fund's 7.6% returns over the same period [1].

The company's Q1 2025 earnings release saw its overall revenue advance 3.4% year-over-year to $984.2 million, driven by higher income from sales-type leases and an increase in income from lease financing receivables, loans, and securities. Its adjusted FFO of $0.58 per share also increased by 4.3% from the year-ago quarter, aligning with analyst estimates [1].

Wall Street analysts are highly optimistic about VICI's stock, with 18 out of 22 analysts recommending a "Strong Buy," one indicating a "Moderate Buy," and three suggesting a "Hold." The mean price target for VICI is $36.23, indicating a 7.7% potential upside from current levels [1].

Investors will be closely watching VICI's Q2 2025 earnings release for insights into the company's performance and future growth prospects.

References:
[1] https://www.barchart.com/story/news/33347056/vici-properties-q2-2025-earnings-what-to-expect