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 $30 billion by market cap.
Shares of this diversified commercial REIT have underperformed the broader market over the past year. VICI has declined 6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 15.4%. In 2026, VICI stock is down marginally, compared to the SPX’s 1.8% rise on a YTD basis.
