Oct 30 (Reuters) - VICI Properties ( VICI ) raised the

lower end of its 2025 adjusted funds from operations forecast on

Thursday, banking on its investments in experiential real

estate.

The company uses a sale-leaseback model, acquiring existing

real estate assets and leasing them back to operators, often

delivering an immediate increase in income.

Its portfolio, which includes casinos such as Caesars Palace

and MGM Grand in Las Vegas, is in sync with

growing consumer preference for experiences over goods.

Beyond casinos, the REIT has diversified into leisure and

entertainment assets, including bowling alleys, wellness

resorts, indoor water parks and golf courses.

The company reported a third-quarter adjusted FFO of 60

cents per share, marginally above analysts' estimates of 59

cents per share, according to data compiled by LSEG.

It now expects its full-year adjusted FFO to range between

$2.36 and $2.37 per share, from its earlier projection of $2.35

to $2.37 apiece.

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

billion, marking a 4.4% increase from last year and in line with

estimates.