VICI Properties Inc. (VICI), a real estate investment trust (REIT) with a market cap of $32.8 billion, specializes in owning and managing high-profile gaming, hospitality, and entertainment venues. The New York-based company’s extensive portfolio includes landmark properties such as Caesars Palace and the Venetian Resort, with a focus on long-term, triple-net lease agreements.
Shares of the REIT have underperformed the broader market over the past 52 weeks. VICI has risen marginally during this period, contrasting with the S&P 500 Index's ($SPX) robust rally of 15.1%. In 2024, VICI shares dipped 1.3%, lagging behind SPX's 9% gain on a YTD basis.
