Strong Dividend Focus and Total Return Outlook: VICI Properties reiterated the importance of the dividend as a core value driver, aiming for a total return built on dividend yield, same-store earnings growth, and new acquisitions. The company emphasizes a potential rise in dividend contributions to total returns, aligning with market trends highlighted by BofA equity strategist Savita Subramanian.

Revised 2025 AFFO Guidance: VICI raised its 2025 AFFO (Adjusted Funds From Operations) guidance to between $2.50 billion to $2.52 billion, or $2.35 to $2.37 per diluted share. This reflects a year-over-year growth of 4.4%, positioning the company among leaders in the net lease REIT category for AFFO growth.

Portfolio Growth Fund and Strategic Partnerships: The company increased its mezzanine loan investment in the One Beverly Hills project by $150 million, totaling $450 million. This investment exemplifies VICI's strategy of cultivating relationships with top-tier operators, which not only offers immediate growth potential but also positions VICI well for future investment opportunities in high-value locations.