VICI Properties Inc. is a US-listed real estate investment trust (REIT) focused on
experiential real estate, with a portfolio concentrated in gaming, hospitality and
entertainment destinations. The company typically operates a triple-net lease model,
generating rental income with contractual escalators and long lease terms, while
tenant credit quality, lease coverage metrics and capital markets access are key
drivers of valuation. Dividend sustainability is linked to rent collection, lease
growth, refinancing costs and the pace of accretive acquisitions or development
partnerships within the experiential REIT universe.