9% over the past four weeks, but there could be plenty of upside left in the stock if. (VICI) in Las Vegas owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations, including the world-renowned Caesars Palace. at the lowest implied capitalization rate, 0. 69%) and EPR Properties (EPR-1. Get powerful stock screeners & detailed portfolio analysis. 5X. VICI Properties (VICI), a real estate investment trust (REIT) with the largest portfolio on the Las Vegas Strip, has seen its stock gain 4. The stock has a dividend yield of 5. VICI Properties (VICI) stock outperformed Realty Income (O), National Retail Properties (NNN), and other net lease REITs in 2022 and I think that this will c. Perhaps this is why Mr. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. 7%. 8mm Casino SF 63K+ Gaming Units ~58K Hotel. Schneider / Shutterstock. Casino REITs have been thrust into the spotlight as apparent beneficiaries of outflows at Blackstone’s non-traded REIT platform BREIT, spawning a $5. Real estate investment trust (REIT) VICI Properties Inc. VICI Properties (VICI) brings even more. VICI Properties 535 Madison Avenue, 20th Floor New York, NY 10022 +646 949 4631VICI Properties Inc. Vici Properties Inc (VICI) Company Description. Alina555. VICI Properties 535 Madison Avenue, 20th Floor New York, NY 10022 +646 949 4631Rithm Capital (NYSE:RITM) It’s a mortgage REIT that invests in properties in the United States and Europe. Reply Like. 09 per share. 40%), which owns casinos, and W. This marks the largest REIT IG debt issuance ever and also VICI's ability to access the 30-year tenure was a first for a first-time investment-grade REIT issuer. VICI Properties owns four championship golf courses located in Indiana, Mississippi and Nevada and operated by Cabot. It also bought out the remaining shares of the MGM Grand Las Vegas and Mandalay Bay at the beginning of this year. -0. VICI Properties Inc. Caesars has implemented a CodeGreen strategy, which is a data-driven and disciplined program that drives environmental. VICI Properties's EBIT is $3. The courses comprise 72 holes and have been designed by Jack Nicklaus, Rees Jones and Bill Bergin, and are located near certain of our gaming properties, two of which are in close proximity to the Las Vegas Strip. Strong dividend paying companies in the US market. VICI Properties Inc. and its subsidiaries, on a consolidated basis, unless otherwise stated or the context requires otherwise. One. 54% dividend yield. VICI Properties Inc. Earnings vs Market: VICI's earnings (7. Vici Properties pays a $1. ~3%. With a market capitalization of. It owns 53 casinos, hotels, and racetracks and 4 golf courses around the United States and Canada. The real estate investment trust (REIT) sector has been under intense pressure in 2023. Real estate investment trust VICI Properties ( VICI 0. VICI Properties is a REIT with a portfolio of premium gaming, entertainment, and hospitality assets. (NYSE: VICI) IS A TRIPLE NET LEASE REIT THAT OWNS ONE OF THE LARGEST PORTFOLIOS OF MARKET-LEADING GAMING, HOSPITALITY AND ENTERTAINMENT DESTINATIONS Demonstrated Track Record of Growth Executed ~$30bn of investments and issued ~$19bn of equity since. It acts as an owner, acquirer, and developer of real estate assets across gaming, hospitality, entertainment and leisure destinations. Rent Growth. Previously, Mr. VICI Properties's return on equity is 9. Of the 19 stocks in the REITs – Hotel industry, VICI is ranked #4. 26 while offering a 1. VICI Properties owns 92 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 38 non-gaming experiential properties across the. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. 9x AFFO and offers a 4. 9% FFO yield on O. This wasn't a coincidence as VICI has arguably the best lease terms of. With VICI trading $2 above its 52-week low, I rate VICI a buy. 1% per year) are forecast to grow slower than the US market (14. I’ll take the trophy assets at a 7. These are REITs that investors should be paying attention to. Beau Rivage blends world-class amenities with southern hospitality and features 1,740 elegantly remodeled guest rooms and suites, numerous restaurants, nightclubs and bars, a 1,550-seat theatre, an upscale shopping promenade, 50,000. Meanwhile, the. Just like Prologis, this bearish call is industry-specific. 58 0. Click here to find out why I maintain a hold rating on VICI stock. View real-time VICI stock price and news, along with industry-best analysis. VICI Properties (NYSE:VICI) is a REIT that owns a large portfolio of hotels and entertainment. It. 73 million shs Average Volume 6. VICI Properties (VICI) Source: T. Find the latest VICI Properties Inc. In a recent article, I highlighted two office real estate investment trusts, or REITs,. Though VICI's access to capital is consistent with investment-grade ratings, degree of access is a differentiator between higher- and lower-rated investment-grade REITs. VICI Properties' deal with MGM will make it the largest landowner on the strip. VICI Properties DD and about its upcoming merger with. Nippon Reit Investment Corporation $0. JMP Securities Cuts Price Target on VICI Properties to $34 From $38, Maintains Market Outperform Rating. We partner with leading brands that are. VICI New York Stock Exchange • NLS real time price • CURRENCY IN USD • Residential & Commercial REIT. K. VICI's ability to access the 30-year tenure was a first for a first-time investment-grade REIT issuer, and we are thankful for the support we received from our credit partners in this transaction. 72B No recommendation. Their portfolio includes mortgage-related assets and various rental loan services. Share price: $34. View the latest VICI financial statements, income statements and financial ratios. The REIT was a pioneer in the wireless and broadcast communications real estate space and grew to become one of the largest global REITs with a market cap of $98. The Company is primarily. For the uninitiated, VICI is a unique REIT, focusing on the gaming and entertainment sectors. This company provides investors with an excellent way to capitalize on the surging. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 441 facilities and approximately 44,000 licensed beds. 34%. VICI Properties owns and operates gaming and hospitality properties. Positively, non-traditional owners have increasingly been purchasing Las Vegas real estate (e. Recent earnings also were strong. Sector Real Estate/Construction. When I first heard of VICI Properties Inc. VICI Properties 535 Madison Avenue, 20th Floor New York, NY 10022 +646 949 4631VICI Properties is an entertainment REIT with numerous household-name casinos to its name. 48 Market cap: $35. VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. 00 $0. 75 million shs Market Capitalization $29. VICI, even though it has long-term leases, is likely to go down farther in a hard recession, because gambling/hospitality tend to get killed when money is tight for the average consumer. So the risk of vacancy is much lower. A steady cash flowing base and excellent. VICI Properties Inc. VICI Properties has been growing earnings at an average annual rate of 28. Data Source: SEC Form S-4 Source: Seeking Alpha Peer Comparison PageVICI PROPERTIES OVERVIEW VICI PROPERTIES INC. com. Wasserman was a senior manager in the assurance practice at Ernst & Young where he served a diverse group of real estate clients including publicly traded REITs, private equity funds and commercial owners, operators and developers. VICI briefly traded at a single digit AFFO multiple but was largely in the 10X-13X range which made it higher cashflow yield than the average REIT. Top-performing real estate investment trusts (REITs) in June include Apartment Investment & Management Co. Reply Like (1)Published June 13, 2023. VICI Properties owns four championship golf courses located in Indiana, Mississippi and Nevada and operated by Cabot. Jan 26 2022. We conduct our operations as a real estate investment trust (“REIT”) for U. Summary. 8%, and it has net margins of 67. Its recent gains have led many investors to wonder if this dividend stock is a. 18. VICI is a gaming REIT that owns 50 properties spanning 15 States and Canada. That may change over time, but don't underestimate the risk that. Chicago, IL – January 31, 2023 – Today, Zacks Equity Research discusses VICI Properties Inc. Omega Healthcare Investors (NYSE: OHI) invests in nursing and assisted living facilities with a portfolio of 893 properties throughout the U. Vici owns the properties and leases them back. Industry Real Estate Developers. It operates through the following segments: Real Property Business and Golf Course Business. VICI is complicated by the late-quarter completion of the mammoth MGM Growth Properties acquisition and it's use of sale leases in its portfolio (makes VICI appear less profitable on a net income. This move was narrower than the S&P 500's daily loss of 1. 40%) is a real estate investment trust (REIT) that was spun off during the bankruptcy reorganization of Caesars Entertainment. One of the best credit ratings of any REIT. Simon Property. Second Quarter 2023 Financial and Operating HighlightsOver the past year, VICI has far underperformed the greater REIT market with the Vanguard REIT ETF ( VNQ) has returned 25% compared to VICI returning 13% during the past 12 months. Like any index addition, this is a big break for the. Elsewhere, the Dow gained 0. ” On April 14, 2022, the last reported sale price of VICI REIT’s common stock on the NYSE was $29. Prior to joining VICI, he was the Controller of Blackstone Mortgage Trust (NYSE: BXMT). Investing in REITs. VICI Properties’ national, geographically diverse portfolio consists of 27 gaming facilitiesVICI Properties. 8%. Announces Third Quarter 2023 Results - Wed, 25 Oct. Realty Income (O-0. NEW YORK--(BUSINESS WIRE)-- VICI Properties Inc. 7% per year). VICI Properties management to meet with Mizuho 11/9/2023 - The Fly. 8%. These niche REITs may both focus on owning and leasing specialized. : VICI is a casino and hotel real estate investment trust (REIT). MGM Resorts will retain a 1% ownership stake in the REIT, worth about $370. 22 hours ago · Summary. Now they should be using cash flow to reduce debt. VICI Properties Inc. Market has grown pessimistic about VICI's near term prospects, with the stock trading at FWD Price Sales of 8. 24 days ago - Moving Averages: S&P Finishes October Down 2. 4 billion stake in the real estate investment trust (REIT) it spun off in 2016. Stay up to date on the latest stock price, chart, news, analysis, fundamentals,. Brad do you have a comment on perhaps the large percentage of REIT stock that are owned by institutions. 1% in Thursday after-hours trading Q4 adjusted FFO per share and revenue beat the average Wall Street estimates. Fourth Quarter 2022 Financial and. VICI Properties, the leading gaming REIT and owner of iconic assets like Caesar's Palace, The Venetian, MGM Grand, and Mandalay Bay, provides investors with a. Read more to find out why VICI stock is a strong buy opportunity. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. Summary. Watch list NEW Set a price target alert Premarket Last Updated: Nov 22, 2023 4:50 a. 1 day ago · For each stock we’ll list its yield and potential upside from today’s price. JAPAN HOTEL REIT INVESTMENT CORPORATION -9. 3B all-stock deal at a 15% premium to SRC's. VICI Properties Inc. The REIT recently secured its second investment in the gaming industry. Investment advisor Hoya Capital Real Estate notes that casino REITs are the only property segment up this year, adding roughly 11%. 58%). 05 in the latest trading session, marking a -0. -0. It was another spinoff, this time of real estate assets operated by Caesars ( CZR) after the latter went bankrupt. VICI Properties (NYSE:VICI) is a REIT that owns a large portfolio of hotels and entertainment. is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. 7 billion in MGP debt and gets MGM Resorts International’s (NYSE:MGM) $4. VICI Properties Inc. 9% premium to MGP's closing stock price. Common Stock (VICI) at Nasdaq. MGM Growth Properties shareholders will swap each Class A share for $43 in newly issued Vici stock, or a premium of 16% from MGM Growth's closing price on Tuesday. VICI Properties Inc. Many net lease REITs including Realty Income are down from highs and remain below pre-pandemic levels. VICI Properties Inc (NYSE:VICI) VICI Properties Inc. VICI Stock Overview. Real estate investment trust Vici Properties is acquiring MGM Growth Properties in a $17. 6% so far in 2022. The company has a solid balance. Vici Properties (VICI) stock rose 2. All per share amounts included herein are on a per diluted common share basis unless otherwise stated. I/we have a beneficial long position in the shares of VICI either through stock ownership,. VICI Properties Inc (NYSE:VICI) recently announced a dividend of $0. (NYSE:VICI) Q3 2023 Earnings Call Transcript October 26, 2023 Operator: Good day, ladies and gentlemen, and thank you for standing by. ARE, DLR, EXR, HASI, LADR, MAA, O, SUI, VICI either through stock ownership. is a gaming, hospitality, and entertainment REIT that invests in gaming facilities/casinos, hotels, etc. Within the recent quarter, VICI completed its acquisition of MGM Growth Properties LLC. Nov. (VICI) stock analysis from Seeking Alpha’s top analysts: exclusive research and insights from bulls and bears. 28. 5B, VICI Properties, one of the biggest property owners on the Las Vegas strip, is buying Blackstone's 49. 5B and total debt of $16. VICI Properties Inc. VICI Properties Inc. (VICI) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. Share price growth has slowed down considerably since April. S. As of March 31, 2022, VICI beneficially owned 100% of the outstanding limited partnership units in VICI LP. All of our leased property portfolio is subject to long-term triple-net leases, also referred to as “NNN leases”, which generally provide that our. 70. VICI Properties demonstrated resilience with 100% occupancy rates, 100% rent collection, and a 10. VICI Properties stock scores the. Some investors, taking a glass-half-full view of things, will tell you that Vici Properties is a diversified real estate investment trust (REIT). 2 days ago · Since its IPO in 2018, VICI has grown at a rapid clip, with the gaming REIT achieving investment-grade credit ratings and S&P 500 inclusion by 2022, just several years after the company first went. - Increased Dividend by 8. On March 13, 2023, 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 and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment. Schneider / Shutterstock Another risky but also tempting idea for stocks on sale, VICI Properties (NYSE: VICI ) is a real estate investment trust ( REIT ). On Wednesday, MGM Growth shares. is a real estate investment trust (REIT) specializing in casino properties, based in New York City. Find out why VICI stock is a Buy. VICI. VICI Properties Inc. The stock market selloff in 2022 has been driven primarily by two big factors:. Macroeconomic factors matter. 00%) 7:58 PM ET Add to portfolio Zacks. The stock has a grade of C for Value, which is consistent with its mixed valuation. VICI. VICI Properties Inc. On Feb. 2. The company’s national, geographically diverse portfolio consists of 28 gaming facilities that comprise more than. On Wednesday, MGM Growth shares. is an experiential REIT engaged in the business of owning, acquiring and developing. S. (VICI) is a REIT that specializes in owning and leasing properties in the gaming, hospitality, and entertainment industries. Vici Properties Inc. 23 days ago - Moving Averages: S&P Finishes October Down 2. : New York, NY-based VICI Properties Inc. The real estate investment trust (REIT) is offering a 4. VICI Properties (VICI) last ex-dividend date was on Sep 20, 2023. 56-per-share dividend, giving it a 4. 45%) and net lease bellwether Realty Income (O-0. At the other end, Market Intelligence calculated casino REIT VICI Properties Inc. VICI Properties Stock: Gaming REIT Hiked Dividends for 6 Years & Raised Guidance 11/10/2023 - Income Investors. Innovative Industrial Properties sported a Yield at purchase of just 3. Photo: T. New York, NY-based VICI Properties Inc. In April 2022, S&P and Fitch upgraded the company's debt to investment grade. But their growth may be slowing. 23, VICI Properties announced its fourth-quarter operating results. 2 billion takeover of MGM Growth Properties, which closed in late April. 11 to $2. 4150 per share was made to shareholders on Thursday, October 5, 2023. – Edward Pitoniak, CEO of VICI Properties (NYSE:VICI) Investment Thesis. 91% above FFO of $0. (VICI) closed at $33. g. 0 billion, firmly solidifying VICI’s position as the largest experiential. 42%) is a relatively young real estate investment trust (REIT) focused on owning casino assets. The dividend will be payable on January 5, 2023 to stockholders of record as of. Notably, the trust owns. 50 P/FFO (FWD) 21. (NYSE: VICI) (“VICI”), an experiential real estate investment trust, today announced the tax treatment of the 2022 distributions on VICI’s common stock (CUSIP #925652109), as well as the tax treatment of the 2022 distributions of MGM Growth Properties LLC (formerly NYSE: MGP)(“MGP”) on MGP’s common. VICI Properties has a total shareholder equity of $24. VICI Properties underperforms S&P 500 amid challenging REIT market conditions. (NYSE: VICI) (“VICI”), an experiential real estate investment trust, today announced the tax treatment of the 2022 distributions on VICI’s common stock (CUSIP #925652109), as well as the tax treatment of the 2022 distributions of MGM Growth Properties LLC (formerly NYSE: MGP)(“MGP”) on MGP’s common stock (CUSIP #55303A105). 37 on August 15, 2022. Mark tends to invest primarily in dividend stocks with a strong emphasis on Real Estate Investment Trusts (REITs). The company's operating segments are real property business and golf course business. Complete VICI Properties Inc. 00 $0. And the REIT has managed to secure. 36 VICI is a casino REIT, but that's a niche business that may not be a great fit for everyone. The two REITs (real estate investment trusts) we're going to talk about today, VICI Properties ( VICI 2. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended. In today's video, I will cover. ” On April 14, 2022, the last reported sale price of VICI REIT’s common stock on the NYSE was $29. What is VICI Properties? We are a New York-based real estate investment trust (“REIT”) that owns, acquires, and develops single-tenant, triple-net leased properties, with a focus on best-in-class gaming, hospitality and entertainment destinations that provide exceptional customer experiences. These are:. Spun off from Caesars Entertainment as the casino chain’s main operating unit emerged from bankruptcy, Vici was formed to. for approximately $430 million. 353% MDH Acquisition Corp - Ordinary Shares - Class A $10. VICI's 2022 13%. VICI Properties had outstanding business growth during the most recent quarter. Analyst Future Growth Forecasts. Find the latest STAG Industrial, Inc. The next VICI Properties Inc dividend is expected to go ex in 27 days and to be paid in 1 month. 40%) is a real estate investment trust (REIT) that was spun off during the bankruptcy reorganization of Caesars Entertainment. 57 billion P/E Ratio 11. (STAG) stock quote, history, news and other vital information to help you with your stock trading and investing. It was formed in 2017 as a spin-off from Caesars Entertainment. 8 per share at a forward price to FFO multiple of 16x and a starting forward dividend yield of c. O is a more consistent performer. S. 7% in the past month, after it took full control of two casinos from its joint venture. The trio of real estate investment trusts (REITs) have been big winners over. 5c and it went ex 2 months ago and it was paid 2 months ago. Accordingly, VICI posted an updated AFFO range of $2. 12 / -0. 2% - ETF Trends 4 weeks ago - Buffett is Right Again about the Housing Market - MarketBeat 6 weeks ago - SCHH, VNQ, XLRE: REIT ETFs are rising but risks remain - Invezz 2 months ago - Moving Averages: S&P Finishes September Down 4. 42%) Updated Nov 17, 2023 04:00 PM ET After-Market: $28. Vici counts on inflation-linked escalators on 96% of its lease. Invest at least 75% of total assets in real estate or cash. 9% stake in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort from Blackstone Real Estate. The stock-for-stock transaction includes $5. (Motley Fool) VICI Properties, Inc. 25. VICI Properties Inc. VICI Properties 535 Madison Avenue, 20th Floor New York, NY 10022 +646 949 4631Dividend And Peer Comparison. 44 in the fourth. 3% year-over-year to $904. Recent earnings also were strong. As of Nov 17. One of them is VICI Properties (VICI), a company that owns a big part of the strip. All per share amounts included herein are on a per diluted common share basis unless otherwise stated. analyst ratings, historical stock prices, earnings estimates & actuals. These companies. 45%) offers the same yield. Article Thesis. In a deal valued at $5. 45%). Price to FFO 2023 est. REIT Pick 1: VICI Properties. 9% premium to. 4. Delayed Data. 22%) have proven this to be true. -4. High Growth Earnings: VICI's earnings are forecast to grow, but not significantly. , a Delaware limited partnership (“VICI LP”), and VICI Note Co. 58 USD -0. Achievable Deleveraging Plan: Fitch expects VICI’s leverage will return to its long-term financial policy of 5. The VICI team has accomplished a total of $21 billion in closings in the last two months. 7% move from the previous day. VICI Properties Inc. Annual stock financials by MarketWatch. , which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $769. VICI Properties, Inc. 7 billion in MGP debt and gets MGM Resorts International’s (NYSE:MGM) $4. Real estate investment trust VICI Properties (VICI 1. VICI's market cap is $32. The VICI team has accomplished a total of $21 billion in closings in the last two months. 27x AFFO and offers a 3. Welltower ( WELL) trades at 22. 28. VICI Properties (NYSE: NYSE: VICI) is a leading gaming and hospitality REIT that owns and acquires casinos and hotels around the U. 63. On May 5, 2017, VICI REIT issued common stock to CEOC in conjunction with VICI REIT’s conversion to a corporation under the laws of the State of Maryland. Home. Vici Properties (VICI-1. - Expected to be Immediately Accretive Upon Closing - - Attractive 6. SA authors pump it continually but is just never 'pops' no matter how hard they beat the drums and should be treated similar to an income fund. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended March 31, 2023. (Zacks) 06:30AM. As noted above, casinos are a relatively new REIT niche, and VICI competes with just two other companies in the space: MGM Growth Properties and Gaming & Leisure Properties (GLPI 0. The common stock of VICI REIT is listed on the New York Stock Exchange (the “NYSE”) under the symbol “VICI. 65%) is a much older REIT that actually helped to. Watch list NEW Set a price target alert Open Last Updated: Nov 24, 2023. VICI Properties makes a ton of money, and its payout ratio is just 56%. ” On April 14, 2022, the last reported sale price of VICI REIT’s common stock on the NYSE was $29. MGM, which has a majority stake in MGM Growth Properties, will trouser around $4. VICI briefly traded at a single digit AFFO multiple but was largely in the 10X-13X range which made it higher cashflow yield than the average REIT. We put this. REITs are very tax efficient because (1) no tax at the corporate level, (2) most of the returns come from appreciation, (3) REIT dividend payments enjoy a 20% deduction, (3) part fo the. VICI Properties is a real estate investment trust that gives investors access to experiential properties like casinos, hotels, convention space. VICI Properties Inc. On April 29, 2022, VICI completed its. 69 during intraday trading on August 15, 2022. 13%. 2% increase in AFFO. Casino-focused real estate investment trust (REIT) Vici Properties (VICI 0. Investment Thesis. VICI, which is headquartered in New York City, is the gaming industry’s largest real estate investment trust (REIT), owning the land and buildings associated with 49 gaming properties in 15 states and Canada. Its. April 11, 2023 at 6:15 PM · 3 min read. REITs are Real Estate Investment Trusts and investment vehicles, typically Equity REITs or Mortgage REITs. Let's. VICI Properties ( NYSE: VICI) said Monday it closed the acquisition of remaining 49. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1. 2%). On March 13, 2023, VICI Properties Inc. 58 -0. Moreover, thanks to triple-net leases, VICI is able to. ET). VICI also has a C grade for Stability, in sync with its beta of 1. , Service Properties Trust, and. REIT Directory. VICI Properties achieved the highest stock price in its history when it traded as high as $35. VICI Properties (NYSE:VICI) has become one of my strongest conviction REITs at this level. 09 per share. 79%. Recently, we highlighted 5 real estate investment trusts ("REITs") that are likely to cut their dividend in the near future. Realty Income. VICI is a medium growth investment with a 4-5% dividend. Dividend payments have decreased over the last 10 years and are covered by earnings with a payout ratio of 69. VICI earnings call for the period ending September 30,. 1X.