VICI Properties (VICI) Q3 FY25 earnings call

VICI Properties delivered robust Q3 FY25 results, driven by strong AFFO per share growth and efficient operations, despite broader market weakness and specific headwinds in the Las Vegas market. The company continues to strategically diversify its tenant base with the addition of Clairvest and is actively exploring non-gaming experiential real estate opportunities, such as university sports facilities, while maintaining a disciplined capital allocation strategy and a strong balance sheet.