VICI Properties Inc. (VICI) is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. The company is valued at $29 billion bymarket cap.
Shares of this diversified commercial REIT have underperformed the broader market over the past year. VICI has declined 19% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17.7%. In 2026, VICI stock is down 6.3%, compared to the SPX’s 9.4% rise on a YTD basis.
