VICI Properties Inc.
VICI Properties Inc. (ticker: VICI) is a specialised real estate investment trust (REIT) that owns and leases experiential properties, primarily casinos, hotels and entertainment venues across the United States. With a market capitalisation of about $33.26 billion, VICI’s business model centres on long-term, triple-net leases to major gaming and hospitality operators, generating rental income with relatively predictable cash flows. Investors should note the company’s concentration in the gaming and resort sector and reliance on a small number of large tenants. Growth typically comes from strategic acquisitions, property development and lease restructures, while valuation and dividend support depend on interest rates, tenant credit and consumer travel patterns. As with all REITs, dividends may fluctuate and past performance is not a guarantee of future returns. This summary provides general information for educational purposes only and is not personalised investment advice; suitability depends on individual circumstances and risk tolerance.
Why It's Moving
VICI Properties Strikes Key Growth Deal with Red Rock Resorts Amid Solid Experiential REIT Momentum
- Entered delayed draw term loan for central California tribal casino, partnering with premier regional operator Red Rock Resorts for the first time.
- CEO Edward Pitoniak highlighted excitement over new ties with dynamic growth partners like Cain International, Eldridge Industries, and now Red Rock, boosting long-term objectives.
- Experiential REITs like VICI shine with 100% occupancy via inflation-linked, multi-decade leases to giants like Caesars and MGM, delivering reliable yields.
VICI Properties Strikes Key Growth Deal with Red Rock Resorts Amid Solid Experiential REIT Momentum
- Entered delayed draw term loan for central California tribal casino, partnering with premier regional operator Red Rock Resorts for the first time.
- CEO Edward Pitoniak highlighted excitement over new ties with dynamic growth partners like Cain International, Eldridge Industries, and now Red Rock, boosting long-term objectives.
- Experiential REITs like VICI shine with 100% occupancy via inflation-linked, multi-decade leases to giants like Caesars and MGM, delivering reliable yields.
When is the next earnings date for VICI Properties Inc. (VICI)?
VICI Properties is scheduled to release its fourth quarter and full year 2025 earnings on February 25, 2026 after market close. The company will hold its earnings conference call on February 26, 2026 at 10:00 AM ET to discuss the results. This earnings report will cover the final quarter and complete fiscal year 2025 performance.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying VICI Properties' stock, expecting it to rise to $35.64.
Financial Health
VICI Properties is generating strong revenue and cash flow, indicating good financial stability.
Dividend
VICI's high dividend yield of 6.13% makes it appealing for investors seeking regular income. If you invested $1000, you would be paid $61.30 a year in dividends (based on the last 12 months).
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Baskets Featuring VICI
Real Estate
Is it sunset or sunrise for real estate stocks? This carefully selected group of property investments, handpicked by our professional analysts, offers exposure to everything from data centers to residential properties and commercial real estate trusts.
Published: May 29, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Lease-based cash flows
Long-term triple-net leases can provide relatively stable rental income supporting dividends, though payments depend on tenant health and broader economic cycles.
Gaming and travel exposure
The portfolio’s focus on casinos and resorts ties performance to tourism and consumer spending, offering upside in recoveries but adding cyclical risk.
Interest-rate sensitivity
As a capital-intensive REIT, VICI is sensitive to interest-rate moves and refinancing costs; leverage and access to funding influence growth and valuations.
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