The New York-based VICI Properties Inc. (VICI) is a real estate investment trust primarily engaged in owning, acquiring, and developing gaming, hospitality, and entertainment destinations. Valued at a market cap of $33.8 billion, the company owns market-leading, iconic destinations, including Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas. It is expected to announce its fiscal Q3 earnings results after the market closes on Thursday, Oct. 31.
Ahead of this event, analysts expect the REIT to report an FFO of $0.56 per share, up 3.7% from $0.54 per share in the year-ago quarter. The company has consistently beaten or met Wall Street's bottom-line estimates in the last four quarters. In Q2, the company reported an FFO of $0.57, which topped the consensus estimates by 1.8%.
