The Best REIT Stock to Invest $500 In Right Now

Core Viewpoint - Vici Properties is positioned as a resilient REIT, demonstrating stability and growth potential despite broader market challenges faced by the REIT sector due to rising interest rates [1][2][10] Group 1: Market Context - Many REITs faced difficulties in 2022 and 2023 due to increased interest rates, which raised acquisition costs and made dividends less attractive compared to risk-free investments [1] - The Federal Reserve's anticipated rate cuts in 2024 and 2025 may lead to a resurgence in REIT investments, particularly those with high yields [2] Group 2: Vici Properties' Business Model - Vici Properties operates a stable business model by owning casinos and entertainment properties, which allows it to consistently outperform the 10-Year Treasury yield of 4.4% [3] - The company has established long-term leases with major tenants like Caesars Entertainment and MGM Resorts, which are tied to the Consumer Price Index (CPI), ensuring rent increases with inflation [6][7] Group 3: Financial Performance - Vici has maintained a perfect occupancy rate of 100% since its IPO in 2018, with its Adjusted Funds From Operations (AFFO) per share increasing from $1.82 in 2021 to an expected$2.32-$2.35 in 2025 [8][9] - The company has consistently raised its dividends annually, with dividends per share increasing from$1.38 in 2021 to an expected $1.695 in 2024, indicating room for future increases [9] Group 4: Investment Appeal - Vici's stock is currently valued at$31, translating to a forward dividend yield of 5.5%, which is attractive for income-oriented investors [9] - The company is characterized as an "evergreen investment," suitable for those seeking consistent income during uncertain economic times [10]