VICI PropertiesNYSE: VICI

VICI Properties has proven that combining world-class real estate with experiences and vices is a winning business strategy. In recent years, Las Vegas has established itself as the world's premier entertainment destination. VICI's net leverage ratio remains within its targeted leverage ratio range.

In the latest trading session, VICI Properties Inc. (VICI) closed at $28.11, marking a -0.32% move from the previous day.

With a focus on entertainment hotspots like Las Vegas, VICI Properties has strong financials and a 6% dividend yield. VICI's strategic diversification and long-term growth potential make it an attractive investment. Some investors have concerns with the REIT's poor performance since 2021. We have a different view.

Despite the diversification thus far, gaming properties remain the core of VICI's portfolio as Vegas reports robust growth in gaming revenues and visitation numbers. This is also why the REIT has invested in Venetian, with the renovation works being mutually beneficial while generating a decent spread. If anything, VICI's overall cost of capital remains relatively low despite the elevated interest rate environment, with a profitable blended investment spread.

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share of common stock for the period from April 1, 2024 to June 30, 2024. The dividend will be payable on July 3, 2024 to stockholders of record as of the close of business on June 18, 2024. About VICI Properties VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of t.

VICI Properties Inc. (VICI) closed at $28.38 in the latest trading session, marking a -1.15% move from the prior day.

VICI Properties stock has underperformed over the past year. Investors could be worried about potentially slowing growth amid higher execution risks. VICI invested $700 million in The Venetian, which management believes could be its best acquisition to date.

VICI Properties is a top-performing gaming and entertainment REIT in the US, owning trophy assets including a large portion of the Las Vegas strip. The company offers dream-like lease terms and has outperformed other REITs in the sector over the past five years. VICI represents a great option for income investors with its high dividends, adequate growth, and lower volatility compared to the S&P 500.

VICI Properties is a leading triple net lease REIT focused on gaming properties, with recent expansion into the non-gaming experiential segment. These sectors are accompanied by unique value drivers, which help VICI uphold elite business metrics. The company remains undervalued when compared to some of the most popular triple net lease REITs, despite its top-tier business and recent outperformance.