VICI Properties Inc. (NYSE: VICI)
REIT - Specialty · New York, NY, United States · Founded 2017
- Market capitalization: $30.0 billion
- Annual revenue: $4.01 billion
- Net income: $2.78 billion
- Employees: 50
- Sector: Real Estate
- Headquarters: New York, United States
- Founded: 2017
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VICI Properties is a gaming-focused REIT that owns some of the most iconic casino and entertainment properties in the world, including Caesars Palace, MGM Grand, the Venetian, and Mandalay Bay on the Las Vegas Strip. The company was created from the bankruptcy of Caesars Entertainment and has rapidly grown into one of the largest experiential REITs. VICI's portfolio spans 93 gaming facilities across the US and Canada.
VICI earns revenue from long-term triple-net leases with casino operators, who pay rent, property taxes, insurance, and all maintenance costs. The leases include annual rent escalators tied to CPI, providing built-in inflation protection.
VICI was formed in 2017 as part of Caesars Entertainment's bankruptcy restructuring and went public in 2018. The company's $17.2 billion acquisition of MGM Growth Properties in 2022 added the MGM Grand and Mandalay Bay to its portfolio. VICI has grown from a single-tenant REIT to a diversified gaming real estate empire in just a few years.
| Market Capitalization | $30.0B |
| Annual Revenue | $4.01B |
| Net Income | $2.78B |
| Profit Margin | 69% |
| Revenue per Employee | $80200000K |
| Stock Exchange | NYSE |
| Ticker Symbol | VICI |
Financial data is approximate and based on most recent annual filings.
VICI owns approximately 660 acres of Las Vegas Strip real estate—some of the most valuable land in the world. The company's tenants include every major casino operator in the United States.
VICI is the landlord of Las Vegas, and that's a very good business to be in. The triple-net lease structure means VICI collects rent without operating risk, and the CPI-linked escalators provide inflation protection that most REITs lack.
What is VICI Properties Inc.'s revenue?
VICI Properties Inc. generates approximately $4.01 billion in annual revenue.
How many employees does VICI Properties Inc. have?
VICI Properties Inc. employs approximately 50 people worldwide.
What is VICI Properties Inc.'s market cap?
VICI Properties Inc. (VICI) has a market capitalization of approximately $30.0 billion on the NYSE.
When was VICI Properties Inc. founded?
VICI Properties Inc. was founded in 2017 and is headquartered in New York, NY, United States.
Who is the CEO of VICI Properties Inc.?
Edward Pitoniak is the current CEO of VICI Properties Inc..
What is VICI Properties Inc.'s website?
VICI Properties Inc.'s official website is vfreit.com.
| CEO | Edward Pitoniak |
| Sector | Real Estate |
| Industry | REIT - Specialty |
| Founded | 2017 |
| HQ | New York, NY |
| Country | United States |
| Website | vfreit.com |