July 30 (Reuters) - VICI Properties ( VICI ) raised

annual adjusted funds from operations (FFO) forecast on

Wednesday, banking on its investments in experiential real

estate.

Shares of the company rose 1.4% in extended trade.

VICI now expects full-year 2025 adjusted FFO forecast to

range between $2.35 and $2.37 per share, up from its earlier

projection of $2.33 to $2.36 per share.

"The strength of our internal growth from contractual rent

escalations coupled with investment activity across new and

existing partnerships continues to support our earnings growth,"

CEO Edward Pitoniak said.

The company's portfolio, including casinos such as Caesars

Palace and MGM Grand in Las Vegas, aligns with a

consumer shift favoring experiences over material goods.

Beyond casinos, the real estate investment trust's

investments span golf courses, indoor water parks, wellness

resorts and bowling alleys.

In February, the company announced a $300 million joint

project in Beverly Hills featuring a Hilton hotel, upscale

retail, dining and cultural attractions.

VICI, focused on experience-driven real estate, reported

second-quarter adjusted FFO of 60 cents per share, compared to

57 cents a year earlier.

Analysts on average expected adjusted quarterly FFO of 62

cents per share, according to data compiled by LSEG.

Total revenue for the quarter ended June 30 stood at $1

billion, marking a 4.6% increase from the same period last year.