VICI Properties Boosts 2025 AFFO Guidance Amid Strategic Moves

Published 19 hours agoVICI

VICI Properties Boosts 2025 AFFO Guidance Amid Strategic Moves

VICI Properties has adjusted its financial outlook upward, announcing an increase in its 2025 Adjusted Funds from Operations (AFFO) guidance. The real estate giant now expects AFFO for the year ending December 31, 2025, to range between $2.455 billion and $2.485 billion, translating to $2.32 to $2.35 per diluted common share. This revision suggests a projected growth of approximately 3.3% from the previous year, according to data from Fool.com.

Key to VICI's optimistic forecast are its strategic partnerships and investments. The company has joined forces with Cain International and Eldridge Industries, committing $300 million to a mezzanine loan for the development of One Beverly Hills. This move is part of VICI's broader strategy to tap into luxury hospitality and residential markets. In 2024 alone, VICI allocated over $1 billion in capital across various projects, which includes a substantial $250 million loan as part of a $1.55 billion financing package for Great Wolf Resorts, Inc.

Demonstrating resilience despite market fluctuations, VICI reported robust financial results for the fourth quarter of 2024, with revenues hitting $976.1 million, marking a 4.7% year-over-year increase. However, net income attributable to common stockholders decreased to $614.6 million, reflecting a 17.8% dip, largely due to changes in credit loss allowance. Nevertheless, adjusted funds from operations grew by 5.4% to $601.3 million, highlighting the company's ongoing ability to generate strong cash flows. These developments underscore VICI's strategic focus on enhancing its portfolio and operational efficiency.

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