A Brief History of VICI Properties Inc. (VICI)

VICI Properties Inc. (VICI) is a real estate investment trust (REIT) that primarily focuses on gaming, hospitality, and entertainment properties. The company was formed as part of the reorganization of Caesars Entertainment Operating Company (CEOC), a subsidiary of Caesars Entertainment Corporation.

October 6, 2017 - VICI Properties Inc. was officially established. This creation was a pivotal component of CEOC's emergence from bankruptcy. VICI's initial portfolio included a number of high-profile properties previously owned by CEOC.

• 2018 - VICI Properties made a significant move by going public, launching its initial public offering (IPO) on the New York Stock Exchange under the ticker symbol "VICI". This IPO marked a key milestone in the company's growth and development.

• 2019 - The company continued to expand its portfolio through strategic acquisitions. One notable acquisition was the purchase of the real estate assets of the iconic Greektown Casino-Hotel in Detroit, Michigan.

• 2020 - VICI Properties further solidified its presence in the gaming and hospitality sector by acquiring several additional properties, including the real estate assets of Harrah’s New Orleans, Harrah’s Laughlin, and Harrah’s Atlantic City.

• 2021 - Another landmark year for VICI Properties as the company entered into an agreement to acquire the real estate assets of The Venetian, one of the most renowned properties on the Las Vegas Strip. This acquisition was seen as a strategic move to enhance VICI's portfolio and market presence.

Throughout these years, VICI Properties Inc. has demonstrated a strong commitment to growth and strategic acquisitions, positioning itself as a significant player in the REIT sector, specifically focused on gaming, hospitality, and entertainment properties.

Who Owns VICI Properties Inc. (VICI)

VICI Properties Inc. (VICI) is a real estate investment trust (REIT) that specializes in casino properties. Ownership of VICI Properties Inc. comprises various types of shareholders including institutional investors, mutual funds, and individual stakeholders. Here are some important segments of VICI Properties Inc.'s ownership:

• Institutional Investors: A significant portion of VICI Properties Inc. is owned by institutional investors such as Vanguard Group, BlackRock, and other large asset management firms. These investors hold large quantities of shares and have substantial influence over the company's strategic decisions.
• Mutual Funds: Several mutual funds include VICI Properties Inc. in their portfolios. These funds make it possible for individual investors to indirectly own shares in VICI Properties Inc. through their investments in these mutual funds.
• Individual Shareholders: While institutional investors hold a significant portion of the company, individual shareholders also possess a notable share. This includes retail investors who buy and hold VICI stock via brokerage accounts.
• Company Insiders: Company insiders, including executives and board members, also own shares in VICI Properties Inc. Insider ownership can be viewed as a sign of confidence in the company's future prospects.

These various types of ownership distribute influence and control across different segments of shareholders, contributing to the overall governance structure of VICI Properties Inc.

VICI Properties Inc. (VICI) Mission Statement

Our mission at VICI Properties Inc. (VICI) is to create exceptional value for our shareholders by strategically acquiring, owning, and managing world-class gaming, hospitality, and entertainment destinations. We are committed to fostering growth, innovation, and excellence within our portfolio.

Key elements of our mission include:

• Strategic Acquisitions: We aim to strategically acquire high-quality, revenue-generating properties that enhance our portfolio and provide robust returns.
• Operational Excellence: By partnering with top-tier operators, we ensure that our properties are managed with the highest levels of efficiency, service, and customer satisfaction.
• Innovation: We continuously seek innovative ways to enhance our properties, delivering unique and exciting experiences for our guests and staying ahead of industry trends.
• Shareholder Value: Our primary commitment is to our shareholders, ensuring sustainable growth and maximizing returns through disciplined investment and proactive asset management.
• Corporate Responsibility: We strive to operate responsibly, with a focus on ethical practices, environmental stewardship, and positive community impact.

Through these principles, VICI Properties Inc. aims to be the leading real estate investment trust (REIT) in the gaming, hospitality, and entertainment sectors, driving long-term value for our stakeholders.

How VICI Properties Inc. (VICI) Works

VICI Properties Inc. (VICI) is a leading real estate investment trust (REIT) specializing in gaming, hospitality, and entertainment destinations. The company focuses on owning, acquiring, and developing properties that are primarily leased to leading gaming operators.

VICI Properties operates under a triple-net lease structure, where the tenant is responsible for most, if not all, operational costs including property taxes, insurance, and maintenance. This model ensures a steady and predictable income stream for VICI.

• Asset Portfolio: VICI's portfolio includes iconic properties such as Caesars Palace in Las Vegas, Harrah's in Atlantic City, and several other well-known gaming and entertainment facilities. These properties are strategically located in high-demand markets.
• Long-Term Leases: The company enters into long-term lease agreements with its tenants, providing financial stability and predictable revenue. These leases often include rent escalations and renewal options, ensuring sustained income growth.
• Tenant Relationships: VICI maintains strong relationships with leading gaming operators like Caesars Entertainment, MGM Resorts, and others. These partnerships are crucial for ensuring high occupancy rates and continuous cash flow.
• Acquisitions and Development: VICI actively seeks opportunities to expand its portfolio through strategic acquisitions and development projects. The company leverages its expertise and market knowledge to identify high-potential investments.
• Financial Strategy: The company employs a disciplined financial strategy, including conservative leverage and robust liquidity management. This approach allows VICI to maintain financial stability and access capital for future growth initiatives.

• Rental Income: The primary source of revenue for VICI is the rental income from its leased properties. The long-term nature of these leases provides dependable and recurring cash flows.
• Lease Escalations: Many of VICI's lease agreements include built-in rent escalations that increase over time, contributing to revenue growth.
• Acquisition and Dispositions: Proceeds from the sale of properties and gains from strategic acquisitions also contribute to VICI's revenue.

Through its robust business model, strong tenant relationships, and strategic asset management, VICI Properties Inc. has positioned itself as a dominant player in the gaming and hospitality real estate sector.

How VICI Properties Inc. (VICI) Makes Money

VICI Properties Inc. (VICI) is a real estate investment trust (REIT) that primarily focuses on owning and acquiring gaming, hospitality, and entertainment destinations. The company generates revenue through several key avenues:

• Lease Income: VICI Properties' primary source of income is rental revenue from leasing its properties to operators of casinos and entertainment facilities. These leases are often structured as triple-net leases, where the tenant is responsible for all property-related expenses, including maintenance, insurance, and taxes.
• Gaming Revenue: In some cases, VICI Properties may engage in revenue-sharing agreements with its tenants. This means that, in addition to the base rent, the company may receive a percentage of the revenue generated from gaming operations conducted on its properties.
• Acquisitions and Investments: VICI Properties continuously seeks opportunities to expand its portfolio through strategic acquisitions and investments. By acquiring additional properties, the company can increase its rental income and diversify its revenue streams.
• Development Projects: VICI occasionally engages in property development and redevelopment projects. By enhancing or repurposing existing properties, the company can potentially command higher rental rates and attract more tenants, thereby increasing its overall income.
• Partnerships and Joint Ventures: The company sometimes enters into partnerships or joint ventures with other entities to co-own and operate properties. These arrangements can provide additional revenue streams and reduce financial risk through shared investment.

Overall, VICI Properties Inc. leverages its extensive portfolio of high-demand properties and strategic financial arrangements to generate consistent and robust revenue streams from its real estate holdings.