VICI 📈 VICI Properties - Overview

VICI Properties Inc. is a prominent S&P 500 experiential real estate investment trust, boasting an extensive portfolio of top-tier gaming, hospitality, and entertainment destinations. This portfolio includes iconic properties such as Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas, which are among the most recognizable entertainment facilities on the Las Vegas Strip. By focusing on experiential real estate, VICI Properties is well-positioned to capitalize on the growing demand for unique experiences and events.

The company's portfolio spans 93 experiential assets, including 54 gaming properties and 39 other experiential properties, across the United States and Canada. This geographically diverse portfolio encompasses approximately 127 million square feet, featuring around 60,300 hotel rooms, over 500 restaurants, bars, nightclubs, and sportsbooks. The properties are occupied by leading gaming, leisure, and hospitality operators under long-term, triple-net lease agreements, providing a stable source of revenue for VICI Properties. This strategic approach allows the company to focus on owning high-quality assets while leveraging the operational expertise of its partners.

VICI Properties has established a growing array of real estate and financing partnerships with prominent operators in various experiential sectors, including Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, and Kalahari Resorts. These partnerships not only expand the company's portfolio but also provide access to new markets and opportunities. Additionally, VICI Properties owns four championship golf courses and 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip, offering potential for future development and growth.

The company's goal is to own the highest quality and most productive experiential real estate portfolio by partnering with top-tier experiential place makers and operators. By focusing on quality and productivity, VICI Properties aims to create long-term value for its shareholders while providing unique experiences for its customers. With its strong portfolio and strategic partnerships, VICI Properties is well-positioned for continued growth and success in the experiential real estate sector. For more information, please visit https://www.viciproperties.com, ISIN: US9256521090, Type: common stock, GICS Sub Industry: Other Specialized REITs.