Core Viewpoint - VICI Properties offers a high dividend yield, currently over 6%, which is significantly above the S&P 500 average of 1.2%, making it an attractive option for passive income investors [1]. Group 1: Dividend Stability and Growth - VICI Properties owns a diverse portfolio of experiential real estate, including casinos and entertainment complexes, and leases these properties under long-term, triple-net leases, ensuring stable cash flows [2]. - The company pays out approximately 75% of its stable cash flow in dividends, with a history of increasing its dividend for eight consecutive years at a compound annual growth rate of 6.6%, outpacing the 2.3% average of other NNN-focused REITs [5]. Group 2: Investment Strategy and Growth Potential - VICI Properties engages in sale-leaseback transactions, recently completing a $1.2 billion acquisition of seven gaming properties, which enhances its cash flow to support dividend payments [3]. - The company has a significant total addressable market opportunity exceeding $400 billion for U.S. gaming properties, positioning it for continued growth and the ability to increase dividends [6].

Core Viewpoint - Investing in real estate investment trusts (REITs) is an effective strategy for generating passive dividend income due to their ownership of income-generating real estate portfolios Group 1: Mid-America Apartment Communities - Mid-America Apartment Communities has a strong dividend history, declaring its 126th consecutive quarterly dividend, with an annual payout of $6.06 per share, yielding over 4% at recent share prices [4] - The demand for apartments in the Sun Belt region is strong, with limited new supply expected, which should maintain high occupancy levels and drive rent growth [5] - The company has nearly $1 billion in apartment development projects underway and recently completed four projects and acquired two communities for nearly $575 million [6][7] Group 2: Invitation Homes - Invitation Homes has consistently increased its dividend since its IPO in 2017, currently paying $0.29 per share quarterly, yielding close to 4% [8] - The REIT focuses on single-family rental properties in high-demand markets, achieving a rent growth of 4% in the second quarter [9] - The company invested $350 million to acquire over 1,000 homes in the second quarter and provided $33 million in funding for future development, supporting its dividend growth [10] Group 3: Realty Income - Realty Income has a notable dividend track record, increasing its monthly dividend 131 times since its public listing in 1994, with a current payment of $0.269 per share monthly, yielding nearly 6% [11] - The REIT benefits from stable rental income through long-term triple-net leases with major companies, which cover all operating costs [12] - Realty Income plans to invest about $4 billion this year to expand its portfolio, enabling continued increases in its high-yielding monthly dividend [13] Group 4: Investment Opportunity - Mid-America Apartment Communities, Invitation Homes, and Realty Income are identified as high-yielding REITs with steadily rising dividends, making them attractive options for passive income this month [14]