Feb 25 (Reuters) - VICI Properties VICI.N forecast 2026 adjusted funds from operations below Wall Street expectations on Wednesday, as it faces weak demand amid macro uncertainty, sending its shares down more than 3% in after-hours trading.

Demand for the hospitality and entertainment REIT's offerings fell amid a weak macro environment, with new market entrants adding to industry oversupply.

Inflation is slowing new customer growth, while higher operating costs and increased discounting are further pressuring margins.

The New York City-based company expects full-year adjusted FFO of $2.42 to $2.45 per share, below analysts' estimates of $2.52 per share, according to data compiled by LSEG.

VICI uses a sale-leaseback model, acquiring existing real estate assets and leasing them back to operators, often providing an immediate increase in income.

For the quarter ended December 31, VICI reported AFFO of 60 cents per share, slightly missing the analysts' average estimate of 61 cents per share.

Total revenue rose to $1.01 billion from $976.1 million a year earlier, in line with expectations.

(Reporting by Anshuman Tripathy and Parth Chandna in Bengaluru; Editing by Alan Barona)

((Anshuman.Tripathy@thomsonreuters.com))