With a market cap of $33.4 billion, New York-based VICI Properties Inc. (VICI) specializes in gaming, hospitality, and entertainment real estate. Its portfolio includes 93 experiential assets across the U.S. and Canada, featuring iconic Las Vegas properties and partnerships with top experiential brands.
Shares of the hospitality and entertainment REIT have underperformed the broader market over the past 52 weeks. VICI has risen 8.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 32.4%. In 2024, shares of VICI are down 1.1%, compared to SPX’s nearly 21% gain on a YTD basis.
