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

forecast for 2025 adjusted funds from operations (FFO) on

Wednesday, banking on its investments in experiential real

estate.

The real estate investment trust now expects full-year

adjusted FFO to range between $2.33 and $2.36 per share,

compared with the previous forecast of $2.32 to $2.35 per share.

The company, whose portfolio includes casinos such as

Caesars Palace and MGM Grand in Las Vegas,

reported a quarterly adjusted FFO of $0.58 per share, compared

with analysts' estimates of $0.61 per share, according to data

compiled by LSEG.

VICI has shifted its investments toward experience-focused

real estate, reflecting a broader trend in which consumers

favour experiences over material goods.

In addition to its core casino holdings, the company has

diversified its portfolio to include golf courses, indoor water

parks, wellness resorts, and bowling alleys.

In February, the company announced a $300 million investment

in a collaborative project in Beverly Hills that features a

Hilton hotel along with high-end retail, dining and cultural

experiences on campus.

Total revenue for the quarter ended March 31 was at

$984.2 million, while analysts had, on average, expected revenue

of $976.3 million, according to data compiled by LSEG.