Key Reasons to Add VICI Properties Stock to Your Portfolio Now

Core Viewpoint - VICI Properties has a high-quality portfolio in the gaming, hospitality, and entertainment sectors, supported by long-term triple-net lease agreements that ensure stable rental revenues and a strong balance sheet for growth opportunities [1][4][7]. Financial Performance - In Q1 2025, VICI reported adjusted funds from operations (AFFO) per share of 58 cents, matching the Zacks Consensus Estimate and reflecting a 3.6% increase year-over-year, driven by revenue growth from sales-type leases and lease financing [2]. - The Zacks Consensus Estimate for VICI's 2025 FFO per share has increased to $2.34, indicating positive analyst sentiment, with shares rising 5.6% over the past three months compared to flat industry growth [3]. Portfolio and Lease Structure - VICI Properties operates as a triple-net lease REIT with a 100% occupancy rate, highlighting the critical nature of its properties to tenants, which provides consistent income and a strong market position [4]. - The company offers long-term lease agreements ranging from 15 to 32 years, with options for renewal, ensuring a stable revenue stream and growth potential [5]. Tenant Relationships - VICI maintains strong relationships with tenants, with 79% of rental income coming from publicly traded companies, including a significant portion from S&P 500 tenants, ensuring secure and transparent revenues [6]. Balance Sheet and Credit Ratings - As of March 31, 2025, VICI had liquidity of $3.21 billion and an annualized net leverage ratio of 5.3, within its long-term target range, indicating financial flexibility [7]. - The company holds investment-grade credit ratings from major agencies, enhancing its access to the debt market [8]. Dividend Growth - VICI Properties has demonstrated a commitment to dividend payouts, with a 7.4% annual dividend growth rate since 2018 and five increases in the last five years, suggesting sustainability in its dividend distribution [10].