Vici Properties Inc. shares slipped to a 52‑week low of $23.71, marginally below the $23.72 level reported earlier in the session. The price remains well under the $26.46 fair‑value estimate from InvestingPro analysis.
The stock has declined 25.53% over the last twelve months. Despite the slide, Vici maintains a 7.67% dividend yield and has increased its dividend for eight consecutive years.
In the second quarter of 2026, Vici reported revenue of $1.06 billion, topping Wall Street’s consensus estimate of $1.04 billion. Adjusted earnings per share came in at $0.48, missing the $0.71 forecast. The company said it has slightly raised its full‑year AFFO outlook.
Vici Properties L.P. announced a $1.75 billion senior notes offering consisting of $900 million of 5.400% notes due 2031 and $850 million of 5.750% notes due 2036. Proceeds will be used to redeem $480.5 million of 4.500% senior notes due September 2026 and $1.25 billion of 4.250% senior notes due December 2026, with redemption at 100% of principal plus accrued interest.
The developments come as the REIT continues to balance dividend growth with debt refinancing amid a broader market pullback.
