Headquartered in New York, NY Fiscal year ends December NYSE: VICI viciproperties.com
VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations. The company owns 103 experiential assets across a geographically diverse portfolio consisting of 63 gaming properties and 40 other experiential properties across the United States and Canada, spanning 26 states, one U.S. territory, and one Canadian province. The portfolio comprises approximately 130 million square feet and features approximately 66,000 hotel rooms and over 700 restaurants, bars, nightclubs and sportsbooks. Iconic properties include Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas. Properties are occupied by 16 industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements with 100% occupancy and a weighted average lease term of 39.6 years. VICI has a growing array of real estate and financing partnerships with operators in experiential sectors beyond gaming, including Cabot, Cain, Canyon Ranch, Chelsea Piers, Club Med, Great Wolf Resorts, Homefield, Kalahari Resorts, and Lucky Strike Entertainment. The company also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI generates revenue primarily through contractual rent from sales-type leases and lease financing receivables, as well as income from loans and securities extended to experiential operators and developers. Updated
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VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations.
The Wall Street consensus 12-month price target for VICI is $31.58.
