VICI Properties Inc. VICI is slated to report third-quarter 2024 earnings outcomes on Oct. 31, after the closing bell. Its quarterly outcomes are anticipated to exhibit development in revenues and funds from operations (FFO) per share.
Keep up-to-date with all quarterly releases: See Zacks Earnings Calendar.
Within the final reported quarter, this New York-based experiential REIT, which owns the portfolios of market-leading gaming, hospitality and leisure locations, reported an adjusted FFO per share of 57 cents, beating the Zacks Consensus Estimate by a penny.
Over the previous 4 quarters, the corporate’s adjusted FFO per share surpassed the Zacks Consensus Estimate on two events for as many in-line performances, the typical shock being 0.92%. That is depicted within the graph beneath:
VICI Properties Inc. Worth and EPS Shock
VICI Properties Inc. price-eps-surprise | VICI Properties Inc. Quote
Elements to Contemplate Forward of VICI’s Q3 Outcomes
VICI Properties owns a geographically various portfolio, which incorporates a mixture of gaming, hospitality and leisure property which might be positioned throughout the USA and Canada. It enjoys possession of three of essentially the most iconic leisure services on the Las Vegas Strip, specifically Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas.
Within the third quarter, VICI Properties’ efficiency is predicted to have been influenced by the resurgence in demand for its gaming services and different hospitality and leisure venues. The corporate stands to achieve from its robust partnerships with top-tier experiential operators. The long-term triple-net leases with these tenants are more likely to have contributed to secure income technology through the quarter, supporting its top-line development.
Projections for VICI
The Zacks Consensus Estimate for quarterly revenues is pegged at $958.9 million, which suggests development of 6% from the prior-year quarter’s reported determine.
Earnings from sales-type leases is at present pegged at $515.9 million, which signifies a rise from $512.3 million within the prior quarter and $500.2 million within the year-ago quarter. Earnings from lease financing receivables and loans stands at $416.6 million, up from $413.7 million within the prior interval and $378.5 million within the year-ago interval.
Revenues from golf operations are estimated at $8.2 million, down from $11.7 million reported within the prior quarter however up from $7.4 million within the year-ago interval.
The Zacks Consensus Estimate for the quarterly adjusted FFO per share has been unchanged at 56 cents over the previous month. Nonetheless, the determine signifies development of three.7% from the year-ago quarter’s reported determine.
What Our Quantitative Mannequin Predicts
Our confirmed mannequin predicts a probable shock when it comes to FFO per share for VICI Properties this season. The mixture of a constructive Earnings ESP and a Zacks Rank #1 (Sturdy Purchase), 2 (Purchase) or 3 (Maintain) will increase the possibilities of an FFO beat, which is the case right here.
VICI Properties at present has an Earnings ESP of +1.24% and carries a Zacks Rank of three. You may uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Different Shares That Warrant a Look
Listed here are two different shares from the broader REIT sector — Simon Property Group SPG and Ryman Hospitality Properties RHP — that you could be need to take into account, as our mannequin reveals that these, too, have the correct mixture of parts to report a shock this quarter.
Simon Property, slated to launch quarterly numbers on Nov. 1, has an Earnings ESP of +1.25% and carries a Zacks Rank of three at current. You may see the complete list of today’s Zacks #1 Rank stocks here.
Ryman Hospitality, scheduled to report quarterly numbers on Nov. 4, has an Earnings ESP of +1.23% and carries a Zacks Rank of three.
Notice: Something associated to earnings introduced on this write-up represents funds from operations (FFO), a extensively used metric to gauge the efficiency of REITs.
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Simon Property Group, Inc. (SPG) : Free Stock Analysis Report
Ryman Hospitality Properties, Inc. (RHP) : Free Stock Analysis Report
VICI Properties Inc. (VICI) : Free Stock Analysis Report
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