VICI Properties offers a high-quality portfolio of gaming, hospitality, and entertainment destinations with mission-critical assets and long-term leases that ensure stable rental revenues. The company owned 100 experiential assets as of April 30, 2026, and has grown adjusted EBITDA by 375% since 2017 while maintaining a 100% rent collection rate. Its pro forma weighted average lease term is about 39.7 years, with roughly 45% of 2026 estimated rent linked to CPI escalators, expanding to 87% over the long term. VICI Properties operates with net debt to annualized first-quarter 2026 adjusted EBITDA around 5 times, at the low end of its 5.0 to 5.5 times target range, and held about 3.1 billion dollars of liquidity as of March 31, 2026. The company has increased its dividend every year since formation, with a 6.3% compound annual growth rate since the third quarter of 2018, and targets a 75% AFFO payout ratio. The Zacks Consensus Estimate for 2026 FFO per share has risen 1 cent over the past two months to 2.46 dollars.
VICI Properties IncArticle highlights portfolio quality, long leases, dividend growth, and stable financials, supporting positive valuation.
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