VICI Properties Inc.

VICI Properties Inc. is an American real estate investment trust (REIT) specializing in the ownership, acquisition, and development of experiential real estate assets, primarily within the gaming and hospitality sectors. The company's mission is to create the highest quality and most productive experiential real estate portfolio by partnering with leading experiential place makers and operators. Headquartered in New York City, VICI Properties operates under a triple-net lease structure, where tenants are responsible for property taxes, insurance, and maintenance, ensuring stable and predictable revenue streams for the REIT.

The company's portfolio encompasses a diverse range of market-leading gaming, hospitality, wellness, entertainment, and leisure destinations across the United States and Canada. This includes casinos, hotels, racetracks, four championship golf courses, and other experiential properties. VICI Properties generates revenue primarily through long-term, triple-net lease agreements with industry-leading operators and also provides strategic financing solutions, such as mezzanine loans, to support development projects.

As an S&P 500 component, VICI Properties holds a significant market position, notably as the largest landowner on the Las Vegas Strip. The company's leadership team includes CEO Edward Pitoniak, President & COO John Payne, CFO David Kieske, and EVP, General Counsel and Secretary Samantha Gallagher. Recent activities include the closing of a $1.16 billion sale-leaseback transaction of seven casino properties from Golden Entertainment in April 2026, and the announcement of strong first-quarter 2026 financial results, demonstrating continued growth in revenue and Adjusted Funds From Operations (AFFO) per share.