VICI Properties: A Stable Investment Choice Amid Market Volatility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy VICI?
Source: Fool
- Gold and Silver Price Volatility: Over the past year, gold prices have risen by 51% and 148% over five years, while silver has surged by 128%, highlighting the appeal of precious metals as safe-haven assets amid market turbulence, attracting investor interest.
- VICI Properties Investment Advantage: With a share price near $30, VICI is significantly cheaper than gold and silver, and through a dividend reinvestment plan (DRIP), investors can generate returns without selling shares, providing stable cash flow.
- Strong Financial Performance: In 2025, VICI's revenue grew by 4.1% to $4 billion, and adjusted funds from operations (AFFO) per share increased by 5.1%, while maintaining a 70.3% net profit margin, demonstrating its profitability and financial health.
- Dividend Growth and Low Payout Ratio: VICI currently offers a dividend yield of 6.19% and has raised its dividend for eight consecutive years, with the latest increase of 4%, and a payout ratio of 67.62%, providing ample room for future dividend growth.
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Analyst Views on VICI
Wall Street analysts forecast VICI stock price to rise
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 28.420
Low
30.00
Averages
33.70
High
38.00
Current: 28.420
Low
30.00
Averages
33.70
High
38.00
About VICI
VICI Properties Inc. is a real estate investment trust (REIT). The Company is engaged in the business of owning and acquiring gaming, hospitality, wellness, entertainment and leisure destinations, subject to long-term triple net leases. The Company own 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas (the Venetian Resort). The portfolio comprises over 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by gaming, leisure and hospitality operators under long-term, triple-net lease agreements. The Company also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
VICI Properties: A Stable Investment Choice Amid Market Volatility
- Gold and Silver Price Volatility: Over the past year, gold prices have risen by 51% and 148% over five years, while silver has surged by 128%, highlighting the appeal of precious metals as safe-haven assets amid market turbulence, attracting investor interest.
- VICI Properties Investment Advantage: With a share price near $30, VICI is significantly cheaper than gold and silver, and through a dividend reinvestment plan (DRIP), investors can generate returns without selling shares, providing stable cash flow.
- Strong Financial Performance: In 2025, VICI's revenue grew by 4.1% to $4 billion, and adjusted funds from operations (AFFO) per share increased by 5.1%, while maintaining a 70.3% net profit margin, demonstrating its profitability and financial health.
- Dividend Growth and Low Payout Ratio: VICI currently offers a dividend yield of 6.19% and has raised its dividend for eight consecutive years, with the latest increase of 4%, and a payout ratio of 67.62%, providing ample room for future dividend growth.
See More
VICI Properties: A Stable Investment Choice Amid Market Volatility
- Stable Revenue Performance: VICI Properties, a gambling-focused REIT, achieved a 4% revenue growth to $4 billion in 2025, alongside a 5.1% increase in adjusted funds from operations (AFFO) per share, demonstrating its stability and profitability amid market volatility.
- Attractive Dividend Yield: With a current dividend yield of 6.19% and an eighth consecutive year of dividend increases, including a 4% hike recently, VICI showcases its ability to provide high returns while having ample room for future growth, appealing to income-seeking investors.
- Strong Financial Health: VICI maintains a net profit margin of 70.3% and a debt-to-equity ratio of 0.63, indicating robust financial health that supports ongoing dividend growth and resilience against market challenges.
- Stable Market Performance: Despite significant market fluctuations, VICI has only risen 1.46% this year, with its stock oscillating between $26 and $30, highlighting its potential as a safe haven investment and suitability for a long-term holding strategy.
See More
MGM Resorts Sells Northfield Park Operations for $546M
- Divestiture Strategy: MGM Resorts sold the operations of Northfield Park for $546 million in cash to private equity funds managed by Clairvest Group, viewing this transaction as a divestiture of a non-strategic regional asset at a higher multiple than the market assigns to MGM's core premium portfolio.
- Significant Financial Impact: The deal provides MGM with approximately $420 million in net cash proceeds after taxes and transaction costs, which the company plans to use to maintain a strong balance sheet, fund selective growth opportunities, and return capital to shareholders.
- Lease Structure Adjustment: Following the transaction, MGM amended its master lease with VICI Properties, reducing annual rent by $53 million, which will further improve the company's cash flow situation and enhance financial flexibility.
- Historical Context: MGM acquired the operating business of Northfield Park for about $275 million in 2019 and transferred property ownership to VICI Properties in 2022, demonstrating the company's flexibility in asset management and strategic adjustments.
See More
MGM Sells Northfield Park Operations for $546 Million
- Significant Transaction Value: MGM Resorts has sold the operations of MGM Northfield Park for $546 million in cash, indicating a successful divestiture of a non-strategic regional asset at a higher-than-expected multiple, thereby enhancing financial flexibility.
- Far-Reaching Financial Impact: The transaction is expected to yield approximately $420 million in net cash proceeds after taxes and transaction costs, which will be utilized to strengthen the balance sheet, selectively invest in growth opportunities, and return capital to shareholders, reflecting the company's proactive stance on future development.
- Optimized Rent Adjustment: Following the transaction, MGM amended its master lease agreement with VICI Properties to reduce annual rent by $53 million, further alleviating financial burdens and enhancing profitability.
- Strong Operational Performance: As of December 31, 2025, MGM Northfield Park reported an Adjusted EBITDAR of approximately $142 million, showcasing the property's market leadership and sustained profitability, laying a solid foundation for the new ownership's success.
See More
VICI Properties Welcomes 14th Tenant with Clairvest Partnership
- New Lease Agreement: VICI Properties has signed a triple-net lease with Clairvest for Northfield Park, featuring an initial annual rent of $53 million and a 25-year lease term with three 10-year renewal options, reflecting the company's strategic focus on tenant diversification.
- Rent Adjustment: Following MGM's divestiture of Northfield Park operations, VICI amended the MGM Master Lease, resulting in a $53 million reduction in annual rent, yet maintaining overall rental income stability, ensuring financial resilience.
- Strengthened Market Position: Clairvest's extensive experience with 37 gaming assets over the past two decades positions it as a formidable partner for VICI, further solidifying VICI's market position and competitive edge in the gaming sector.
- Portfolio Expansion: VICI currently owns 93 experiential assets, including 54 gaming properties and 39 other experiential properties, strategically enhancing its market coverage in the U.S. and Canada, thereby driving future growth potential.
See More
MGM Resorts Sells Northfield Park for $546 Million
- Significant Transaction Value: MGM Resorts has sold the operations of Northfield Park for $546 million in cash, indicating the high market value of the asset and expected to enhance the company's financial flexibility.
- Positive Financial Impact: The transaction is projected to yield approximately $420 million in net cash proceeds after taxes and transaction costs, which will be utilized to maintain a strong balance sheet and selectively invest in growth opportunities.
- Rent Adjustment Optimization: Following the transaction, the master lease agreement with VICI Properties was amended to reduce annual rent by $53 million, further alleviating financial burdens and enhancing profitability.
- Strategic Focus Shift: The sale of this non-strategic regional asset reflects MGM's strategy to concentrate on core operations and high-quality assets, aiming to enhance overall market competitiveness through portfolio optimization.
See More
VICI Properties: A Stable Investment Choice Amid Market Volatility
- Gold and Silver Price Volatility: Over the past year, gold prices have risen by 51% and 148% over five years, while silver has surged by 128%, highlighting the appeal of precious metals as safe-haven assets amid market turbulence, attracting investor interest.
- VICI Properties Investment Advantage: With a share price near $30, VICI is significantly cheaper than gold and silver, and through a dividend reinvestment plan (DRIP), investors can generate returns without selling shares, providing stable cash flow.
- Strong Financial Performance: In 2025, VICI's revenue grew by 4.1% to $4 billion, and adjusted funds from operations (AFFO) per share increased by 5.1%, while maintaining a 70.3% net profit margin, demonstrating its profitability and financial health.
- Dividend Growth and Low Payout Ratio: VICI currently offers a dividend yield of 6.19% and has raised its dividend for eight consecutive years, with the latest increase of 4%, and a payout ratio of 67.62%, providing ample room for future dividend growth.
See More
VICI Properties: A Stable Investment Choice Amid Market Volatility
- Stable Revenue Performance: VICI Properties, a gambling-focused REIT, achieved a 4% revenue growth to $4 billion in 2025, alongside a 5.1% increase in adjusted funds from operations (AFFO) per share, demonstrating its stability and profitability amid market volatility.
- Attractive Dividend Yield: With a current dividend yield of 6.19% and an eighth consecutive year of dividend increases, including a 4% hike recently, VICI showcases its ability to provide high returns while having ample room for future growth, appealing to income-seeking investors.
- Strong Financial Health: VICI maintains a net profit margin of 70.3% and a debt-to-equity ratio of 0.63, indicating robust financial health that supports ongoing dividend growth and resilience against market challenges.
- Stable Market Performance: Despite significant market fluctuations, VICI has only risen 1.46% this year, with its stock oscillating between $26 and $30, highlighting its potential as a safe haven investment and suitability for a long-term holding strategy.
See More
MGM Resorts Sells Northfield Park Operations for $546M
- Divestiture Strategy: MGM Resorts sold the operations of Northfield Park for $546 million in cash to private equity funds managed by Clairvest Group, viewing this transaction as a divestiture of a non-strategic regional asset at a higher multiple than the market assigns to MGM's core premium portfolio.
- Significant Financial Impact: The deal provides MGM with approximately $420 million in net cash proceeds after taxes and transaction costs, which the company plans to use to maintain a strong balance sheet, fund selective growth opportunities, and return capital to shareholders.
- Lease Structure Adjustment: Following the transaction, MGM amended its master lease with VICI Properties, reducing annual rent by $53 million, which will further improve the company's cash flow situation and enhance financial flexibility.
- Historical Context: MGM acquired the operating business of Northfield Park for about $275 million in 2019 and transferred property ownership to VICI Properties in 2022, demonstrating the company's flexibility in asset management and strategic adjustments.
See More
MGM Sells Northfield Park Operations for $546 Million
- Significant Transaction Value: MGM Resorts has sold the operations of MGM Northfield Park for $546 million in cash, indicating a successful divestiture of a non-strategic regional asset at a higher-than-expected multiple, thereby enhancing financial flexibility.
- Far-Reaching Financial Impact: The transaction is expected to yield approximately $420 million in net cash proceeds after taxes and transaction costs, which will be utilized to strengthen the balance sheet, selectively invest in growth opportunities, and return capital to shareholders, reflecting the company's proactive stance on future development.
- Optimized Rent Adjustment: Following the transaction, MGM amended its master lease agreement with VICI Properties to reduce annual rent by $53 million, further alleviating financial burdens and enhancing profitability.
- Strong Operational Performance: As of December 31, 2025, MGM Northfield Park reported an Adjusted EBITDAR of approximately $142 million, showcasing the property's market leadership and sustained profitability, laying a solid foundation for the new ownership's success.
See More
VICI Properties Welcomes 14th Tenant with Clairvest Partnership
- New Lease Agreement: VICI Properties has signed a triple-net lease with Clairvest for Northfield Park, featuring an initial annual rent of $53 million and a 25-year lease term with three 10-year renewal options, reflecting the company's strategic focus on tenant diversification.
- Rent Adjustment: Following MGM's divestiture of Northfield Park operations, VICI amended the MGM Master Lease, resulting in a $53 million reduction in annual rent, yet maintaining overall rental income stability, ensuring financial resilience.
- Strengthened Market Position: Clairvest's extensive experience with 37 gaming assets over the past two decades positions it as a formidable partner for VICI, further solidifying VICI's market position and competitive edge in the gaming sector.
- Portfolio Expansion: VICI currently owns 93 experiential assets, including 54 gaming properties and 39 other experiential properties, strategically enhancing its market coverage in the U.S. and Canada, thereby driving future growth potential.
See More
MGM Resorts Sells Northfield Park for $546 Million
- Significant Transaction Value: MGM Resorts has sold the operations of Northfield Park for $546 million in cash, indicating the high market value of the asset and expected to enhance the company's financial flexibility.
- Positive Financial Impact: The transaction is projected to yield approximately $420 million in net cash proceeds after taxes and transaction costs, which will be utilized to maintain a strong balance sheet and selectively invest in growth opportunities.
- Rent Adjustment Optimization: Following the transaction, the master lease agreement with VICI Properties was amended to reduce annual rent by $53 million, further alleviating financial burdens and enhancing profitability.
- Strategic Focus Shift: The sale of this non-strategic regional asset reflects MGM's strategy to concentrate on core operations and high-quality assets, aiming to enhance overall market competitiveness through portfolio optimization.
See More
