VICI offers bond-like stability, inflation-protected rent escalations, and high-quality tenants, making it attractive for conservative, income-oriented investors despite modest yields. Triple net leases, ultra-long lease terms, and 100% occupancy provide predictable, growing cash flows in a segment with high barriers to entry. Risks include tenant concentration (MGM/Caesars ~75% of rent) and front-loaded debt maturities, but conservative payout ratios and liquidity mitigate these concerns.
VICI offers a steady, growing dividend supported by strong cash flows and disciplined payout management. With 90% of leases tied to CPI by 2035, VICI provides built-in protection against long-term inflation risk. Valuation is fair at 14x forward AFFO, with a sustainable payout ratio and prudent balance sheet, supporting ongoing dividend safety and growth.
VICI Properties remains a buy despite recent gains; current valuation is justified by strong fundamentals and compounding potential, though the margin of safety has narrowed. Q1 results reinforce VICI's resilience, with solid FFO growth, increased guidance, and strategic investments like the North Fork project with Red Rock Resorts. Las Vegas market tailwinds, including population and employment growth, support long-term prospects for the company's unique, irreplicable property portfolio.
![]() VICI 7 months ago Paid | Quarterly | $0.43 Per Share |
![]() VICI 9 months ago Paid | Quarterly | $0.43 Per Share |
![]() VICI 18 Jun 2024 Paid | Quarterly | $0.41 Per Share |
![]() VICI 20 Mar 2024 Paid | Quarterly | $0.41 Per Share |
![]() VICI 20 Dec 2023 Paid | Quarterly | $0.41 Per Share |
29 Jul 2025 (In 1 week) Date | | 0.69 Cons. EPS | - EPS |
29 Apr 2025 Date | | 0.68 Cons. EPS | - EPS |
20 Feb 2025 Date | | 0.68 Cons. EPS | 0.67 EPS |
31 Oct 2024 Date | | 0.67 Cons. EPS | 0.7 EPS |
23 Oct 2024 Date | | 0.66 Cons. EPS | - EPS |
![]() VICI 7 months ago Paid | Quarterly | $0.43 Per Share |
![]() VICI 9 months ago Paid | Quarterly | $0.43 Per Share |
![]() VICI 18 Jun 2024 Paid | Quarterly | $0.41 Per Share |
![]() VICI 20 Mar 2024 Paid | Quarterly | $0.41 Per Share |
![]() VICI 20 Dec 2023 Paid | Quarterly | $0.41 Per Share |
29 Jul 2025 (In 1 week) Date | | 0.69 Cons. EPS | - EPS |
29 Apr 2025 Date | | 0.68 Cons. EPS | - EPS |
20 Feb 2025 Date | | 0.68 Cons. EPS | 0.67 EPS |
31 Oct 2024 Date | | 0.67 Cons. EPS | 0.7 EPS |
23 Oct 2024 Date | | 0.66 Cons. EPS | - EPS |
XDUS Exchange | US Country |