Golden Portfolio Acquisition and Lease
On April 30, 2026, VICI acquired 100% of the real property of the Golden Portfolio consisting of seven casino properties for $1.15B, entering into a 30-year master lease with initial annual rent of $87.0M.
VICI PROPERTIES INC. is expected to release its Q3 2026 10-Q filing in the upcoming earnings season. Last quarter: In Q2 FY2026, VICI Properties grew revenue by 5.7% YoY to $1.06B driven by portfolio expansion including the Golden Portfolio acquisition, though net income fell 39.1% YoY to $526.52M due to a $413.1M increase in credit loss provisions.
Drawn from management commentary in the Q2 2026 10-Q:
On April 30, 2026, VICI acquired 100% of the real property of the Golden Portfolio consisting of seven casino properties for $1.15B, entering into a 30-year master lease with initial annual rent of $87.0M.
On March 23, 2026, VICI provided a $1.5B mezzanine loan commitment ($1.05B incremental commitment) as part of construction financing for One Beverly Hills, deploying an initial $650.0M at closing.
Operating expenses were impacted by a $413.1M YoY increase in the change in allowance for credit losses, posting a $271.1M expense in Q2 2026 compared to a $142.0M benefit in Q2 2025 due to initial acquisition CECL allowances and updated tenant default probability models.
Revenue
$1.06B
+5.71% YoY
EPS (Diluted)
$0.48
-41.46% YoY
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