VICI Properties Inc. (VICI)

VICI Properties Inc. (NYSE: VICI) is an S&P 500 experiential real estate investment trust (REIT) that owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations. With a mission to be the ultimate landlord of the "Experience Economy," the company’s portfolio includes iconic properties like Caesars Palace, MGM Grand, and the Venetian Resort Las Vegas. In the high-demand leisure landscape of late 2025, VICI Properties Inc. stock is viewed as a premier income-growth vehicle, benefiting from its "Triple-Net" lease structure, which protects the company from rising operating costs and taxes while providing highly predictable, inflation-linked cash flows. The company’s long-term leases, often spanning 30+ years, provide unrivaled visibility into future earnings.

Business operations in December 2025 are highlighted by the company’s successful expansion into "Non-Gaming" experiential real estate, including major investments in destination wellness resorts and youth sports complexes. Investors following VICI stock have cheered the company’s fortress balance sheet and its ability to access capital at favorable rates despite market volatility. The company’s core business strategy involves partnering with best-in-class operators like MGM Resorts and Apollo Global Management to maximize the value of its "Irreplaceable" assets. The future business strategy involves a deeper push into international markets and the acquisition of additional high-traffic leisure properties in major metropolitan hubs. Throughout 2025, VICI has maintained its status as a dividend powerhouse, delivering its 7th consecutive year of annual dividend increases supported by its 100% rent collection rate.

The VICI stock price is currently trading near $36, reflecting its status as a high-quality "Income" leader with a yield exceeding 5%. Analysts monitoring the stock price emphasize the company’s unique exposure to the resilient luxury travel segment and its massive barriers to entry. For those tracking the market today, the key catalysts include the completion of its newest development projects on the Las Vegas Strip and the expansion of its specialized lending division. As a giant of the REIT world, the company remains a top choice for conservative portfolios. The steady climb of the stock price reflects its role as the landlord of Las Vegas and beyond.