VICI Properties (VICI) reported Q1 adjusted funds from operations late Wednesday of $0.58 per diluted share, up from $0.56 a year earlier.

Analysts polled by FactSet expected $0.58.

Revenue for the quarter ended March 31 was $984.2 million, up from $951.5 million a year earlier.

Analysts expected $976 million.

For 2025, the company raised its adjusted FFO guidance to a range of $2.33 to $2.36. Previously, the company expected 2025 adjusted FFO per diluted share between $2.32 and $2.35.

Analysts are expecting $2.33.