VICI Properties Inc. reported funds from operations for the second quarter of $152.0 million, or 37 cents per share, a decline on a per-share basis from $139.0 million, or 38 cents per share, in the 2018 second quarter.
Adjusted FFO for the quarter grew 8.6% year over year on a per-share basis to $156.8 million, or 38 cents per share, from $128.8 million, or 35 cents per share.
Revenues for the quarter came to $220.7 million, a slight drop from $221.0 million in the prior-year period.
The S&P Global Market Intelligence consensus FFO estimate for the quarter was 37 cents per share.
VICI Properties said it forecasts FFO per share in the range of $1.38 to $1.40 for the 2019 full year, compared to the previous guidance of $1.45 to $1.48. The company expects AFFO for the 2019 full year in the range of $1.45 to $1.47 per share, compared to the previous guidance of $1.47 to $1.50.
The S&P Global Market Intelligence consensus FFO-per-share estimate for 2019 is $1.45.