VICI Properties is a real-estate investment trust that owns experiential properties—chiefly casinos, hotels and related entertainment venues—leased long-term to gaming and hospitality operators. Its portfolio is concentrated in major U.S. gaming markets, including Las Vegas Strip assets, with tenants paying contractual rent. The model is net-lease ownership of destination real estate rather than operating the casinos themselves.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 984.2 | — | 543.6 | -8.6% |
| Q2 2025 | 1,001.3 | — | 865.1 | 16.8% |
| Q3 2025 | 1,007.5 | — | 762 | 8.6% |
| Q4 2025 | 1,013.1 | — | 604.8 | -14.4% |
| Q1 2026 | 1,018.5 | 3.5% | 872.4 | 60.5% |
| Q2 2026 | 1,058.5 | 5.7% | 526.5 | -39.1% |
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