Companies
Vici Properties
S&P 500Real Estate· USA

VICI

Balancer

Vici Properties

$28.33

+0.84%

Open $28.03·Prev $28.10

as of 13 Apr

BALANCER

Power Core

VICI's moat is the irreproducibility of its collateral combined with the triple-net lease structure that converts physical irreplaceability into contractually escalating cash flows.

Published1 Apr 2026
UniverseS&P 500
SectorReal Estate

Direction of Movement

Lateral Trajectory with Rate-Driven Valuation Compression

ROC 200

-13.9%

Referenced in 1 other analysis

Company Profile

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. Its geographically diverse holdings span the United States and Canada, encompassing 54 gaming properties and 39 other experiential assets, including iconic venues like Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas. The portfolio totals approximately 127 million square feet, featuring around 60,300 hotel rooms and over 500 restaurants, bars, nightclubs, and sportsbooks. These properties are leased under long-term triple-net agreements to leading operators in gaming, leisure, and hospitality. VICI Properties Inc. also maintains real estate and financing partnerships with prominent experiential sector players such as Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Kalahari Resorts, and Lucky Strike Entertainment. Additionally, it owns four championship golf courses and undeveloped land adjacent to the Las Vegas Strip. Founded in 2016 and headquartered in New York, VICI Properties Inc. focuses on high-quality experiential real estate through strategic operator partnerships.

Sector

Real Estate

Industry

REIT - Diversified

Employees

27

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