Industry revenues:

• Gambling and entertainment: approx. 85%
• Hotel and hospitality: approx. 10%
• Other real estate income: approx. 5%

TOP 3 markets:

• Las Vegas: approx. 45%
• Atlantic City: approx. 20%
• Regional casinos in the USA: approx. 15%

VICI Properties Inc. generates the majority of its revenues from the gambling and entertainment industry, as the company mainly invests in casino properties. Las Vegas is the largest market for VICI Properties, attributed to the high concentration of casinos and resorts in that region. Atlantic City and regional casinos in the USA follow as other significant markets that also make substantial contributions to the revenue.

Production: No physical production

VICI Properties Inc. is a Real Estate Investment Trust (REIT) specializing in the ownership and management of properties in the leisure and entertainment sector. The company does not produce physical products, but generates revenue through the leasing and management of properties, especially casinos, hotels, and resorts. Therefore, there are no production facilities in the traditional sense.

Strategy for Future Growth:

1. Portfolio Expansion: VICI Properties Inc. focuses on expanding its real estate portfolio through strategic acquisitions of top-tier leisure and hospitality properties. This includes acquiring new properties as well as investing in existing real estate to increase their value.

2. Diversification: The company aims to diversify its sources of income by expanding its presence in various geographical markets and investing in different types of leisure properties. This is intended to reduce risk and secure stable revenues.

3. Partnerships and Collaborations: VICI Properties closely collaborates with leading operators in the leisure and hospitality industry to ensure long-term lease agreements and stable cash flows. These partnerships are a central part of their growth strategy.

4. Sustainability and Innovation: The company invests in sustainable practices and innovative technologies to enhance the efficiency of its properties and reduce the ecological footprint. This is not only a contribution to the environment but also a means to reduce costs and increase the attractiveness of the properties.

VICI Properties Inc. thus pursues a comprehensive growth strategy that focuses on expansion, diversification, strategic partnerships, and sustainability to ensure long-term success and stability.

Current data on raw material imports: No specific data available (as of 2025).

VICI Properties Inc. is a Real Estate Investment Trust (REIT) specializing in the ownership of leisure and hospitality properties. As such, VICI Properties does not import raw materials or materials itself, as its core business is not in the production or trade of physical goods.

VICI Properties' focus is on acquiring, managing, and leasing properties, particularly casinos and resorts. The materials needed for the construction or renovation of these properties are typically sourced by construction companies or the tenants themselves. These companies may import raw materials such as steel, concrete, or glass, but specific information on this would only be available through the respective construction or renovation projects.

Market Capitalization: approx. 35 billion USD (2025, estimated)
Real Estate Portfolio: Over 50 casino and leisure properties (2025, estimated)
Dividend Yield: approx. 5% (2025, estimated)

VICI Properties Inc. has a significant competitive advantage due to its extensive and diversified real estate portfolio, which mainly focuses on casino and leisure properties. This specialization enables the company to benefit from the stable demand in the gambling and leisure industry.

Another advantage is the long-term tenant retention through triple-net lease agreements, securing VICI stable and predictable income. These agreements transfer many of the operating costs to the tenants, reducing the risk for VICI.

Additionally, VICI Properties has strategic partnerships with leading gambling companies, further strengthening its market position. The continuous expansion and acquisitions in high-growth markets also support the company's competitive advantage.

Institutional investor share: approx. 80% (2025, estimated) Insider purchases/sales: No significant transactions in the last year (2025, estimated)

The institutional investor share in VICI Properties Inc. is typically around 80%, indicating the trust of large funds and institutional investors in the company's business model and stability. These investors particularly appreciate the stable cash flows and attractive dividend yields that VICI Properties offers.

In 2025, there were no significant insider purchases or sales, suggesting that the management and other insiders are satisfied with the current company strategy and development. This can be seen as a positive signal for the stability and confidence in the company's future performance.

Market share of VICI Properties Inc.: Estimate around 20% (2025)

Top competitors and their market shares:

1. VICI Properties Inc.: 20%
2. MGM Growth Properties: 18%
3. Gaming and Leisure Properties Inc.: 17%
4. Caesars Entertainment: 15%
5. Boyd Gaming Corporation: 10%
6. Penn National Gaming: 8%
7. Las Vegas Sands Corp.: 6%
8. Wynn Resorts: 4%
9. Red Rock Resorts: 2%

Moat of VICI Properties Inc.:

VICI Properties Inc. has a significant moat, mainly strengthened by its strategic partnerships and long-term lease agreements with leading casino operators such as Caesars Entertainment. These contracts provide VICI with stable and predictable income, which is a great advantage in the real estate industry.

Compared to its competitors, VICI has a diversified real estate base and a strong presence in the key gambling markets in the USA. This gives them a competitive edge, especially over companies that are less diversified or more reliant on individual markets.

Some competitors, like MGM Growth Properties, also have strong partnerships and a solid market position, but VICI, through its strategic expansion and acquisitions, offers broader diversification and risk mitigation. This can be seen as a stronger moat, making the company more resilient to market fluctuations.

Overall, VICI Properties Inc. has a significant advantage over many of its competitors, although some companies also hold strong positions in certain niches or geographical markets.

Revenue growth: 10% (2024) FFO growth (Funds from Operations): 8% (2024) Dividend yield: 5% (2024)

VICI Properties Inc. recorded a revenue growth of 10% in 2024, attributed to the expansion of its real estate portfolio and the recovery of the leisure and tourism sector. The company managed to increase its Funds from Operations (FFO) by 8%, which is an important indicator of the financial health of real estate companies.

The dividend yield of 5% in 2024 makes VICI Properties attractive to investors seeking stable income streams. The continuous increase in dividends in recent years demonstrates the company's confidence in its future earnings power.

Overall, VICI Properties Inc. appears to be a solid investment, especially for investors interested in stable dividends and a diversified real estate portfolio. The positive development of FFO and revenue growth suggests that the company is well positioned to benefit from the recovery and growth in the leisure and tourism sector.

Dividend yield: 5.2% (2025)
Dividend growth: 8% (annually, 2024)

VICI Properties Inc. is known for its reliable dividend policy. The company has consistently paid dividends in recent years and has regularly increased them. The dividend yield of 5.2% in 2025 represents an attractive payout compared to other REITs.

The annual increase in dividends by 8% in 2024 underscores VICI Properties' commitment to providing shareholders with stable and growing returns. The company's financial stability, supported by long-term lease agreements and a diversified tenant base, contributes to the reliability of dividend payments.