VICI Properties beats FFO expectations, raises 2026 guidance

In the first quarter of 2026, VICI Properties — the gaming real estate investment trust that owns the land beneath some of America's most storied casino floors — reported earnings that surpassed Wall Street's expectations by a meaningful margin, then raised its outlook for the year ahead. It is a moment that speaks to the quiet durability of the landlord's position: collecting rent while the broader hospitality world navigates uncertainty. For investors watching the gaming REIT sector, VICI's performance offers a measured signal that the underlying assets, and the tenants who occupy them, are