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VICI Properties Inc. - VICI STOCK NEWS

Welcome to our dedicated page for VICI Properties news (Ticker: VICI), a resource for investors and traders seeking the latest updates and insights on VICI Properties stock.

VICI Properties Inc, traded under the ticker symbol VICI, is a renowned real estate investment trust (REIT) based in the United States. The company specializes in owning and acquiring premier gaming, hospitality, and entertainment destinations, which are subject to long-term triple net leases. This unique focus positions VICI Properties as a major player in the leisure and entertainment real estate sector.

The company operates through two primary segments: the Real Property Business and the Golf Course Business. The Real Property Business segment is dedicated to leasing properties, ensuring a stable and consistent revenue stream. The Golf Course Business segment, on the other hand, encompasses several high-profile golf courses, including the beautiful Cascata Golf Course, the expansive Rio Secco Golf Course, the picturesque Grand Bear Golf Course, and the scenic Chariot Run Golf Course. These properties add diversification and additional value to VICI's real estate portfolio.

VICI Properties prides itself on offering a full-service, worry-free solution for rental property management. The company's mission is to protect and maximize investors' real estate assets by ensuring minimal tenant vacancies and high property maintenance standards. This approach helps in maximizing cash flow and overall investment value.

Recent achievements highlight VICI Properties' strategic acquisition initiatives and robust financial health, making it a reliable choice for investors looking to add a stable, income-generating asset to their portfolio. The company has successfully forged partnerships and secured properties that significantly enhance its portfolio's value and appeal.

Whether you are an investor looking for superior property management services or you wish to purchase investment properties, VICI Properties Inc. offers expert solutions tailored to meet your needs. Stay updated on the latest developments and performance metrics of VICI Properties Inc. through our timely news updates and comprehensive analysis.

News

VICI Properties Inc. Announces Partnership With Homefield Kansas City in Youth Sports Recreation Campus and Margaritaville Resort

Rhea-AI Summary
VICI Properties Inc. (VICI) announced a construction loan agreement of up to $105 million to fund the development of a Margaritaville Resort in Kansas City, Kansas. The resort is set to open in the Summer of 2025 and will serve as the anchor to the Homefield Development, an ongoing project in Kansas City. VICI also entered into a call right agreement and received a right of first refusal to acquire the real estate of any future Homefield property in a sale leaseback transaction. This marks the beginning of VICI's partnership with Homefield, a vertically integrated operator of youth sports facilities. The transaction also represents VICI's continued investment in the sports sector, following the Company's loan to and subsequent acquisition of the leasehold interest of Chelsea Piers in New York City.
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VICI Properties Inc. Announces Tax Treatment of 2023 Distributions

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VICI Properties Inc. announces the tax treatment of its 2023 distributions on its common stock. The company encourages stockholders to consult with their tax advisors for specific treatment. The distributions paid, record dates, and payment dates are detailed in the press release.
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VICI Properties Inc. Announces Release Date for Fourth Quarter and Full Year 2023 Results

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VICI Properties Inc. (VICI) to release Q4 and full year 2023 financial results on February 22, 2024. Conference call and webcast scheduled for February 23, 2024 at 10:00 a.m. ET.
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VICI Properties Inc. CEO Edward Pitoniak Appears on Benzinga’s Real Estate Webinar

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VICI Properties Inc. (NYSE: VICI) CEO Edward Pitoniak appeared as a featured guest on Benzinga’s webinar titled “Real Estate Reimagined: Capitalizing on Unique Opportunities in a Changing Market” on Thursday, December 21, 2023, discussing the experiential real estate landscape and the 2024 outlook.
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VICI Properties Inc. Announces Expanded Investments With Existing Partners Chelsea Piers and Cabot

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VICI Properties Inc. (NYSE: VICI) expands experiential real estate portfolio with acquisitions in New York City, Saint Lucia, and Scotland, totaling nearly $550 million in capital. The acquisitions include the leasehold interest of Chelsea Piers in NYC, a delayed draw loan facility with Cabot in Saint Lucia, and an agreement in principle for a delayed draw loan facility in Scotland. The Chelsea Piers transaction marks VICI's first conversion of an initial loan investment into real estate ownership.
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VICI Properties Inc. Provides Construction Financing to Kalahari for Indoor Waterpark Resort Development in Virginia

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VICI Properties Inc. (NYSE: VICI) has agreed to provide an up to $212 million mezzanine loan investment to Kalahari Resorts and Conventions for the development of a Kalahari indoor waterpark resort in Thornburg, Virginia. The $900 million indoor waterpark resort is expected to start welcoming guests by the end of 2026. This marks VICI Properties' first investment with Kalahari, an operator of indoor waterparks, amusement parks, hotels, and convention centers.
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VICI Properties Inc. Declares Regular Quarterly Dividend

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VICI Properties Inc. (NYSE: VICI) declares a regular quarterly cash dividend of $0.415 per share of common stock for the period from October 1, 2023 to December 31, 2023. The dividend will be payable on January 4, 2024 to stockholders of record as of the close of business on December 21, 2023.
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PENN Entertainment Reports Third Quarter Results

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PENN Entertainment, Inc. reported stable property level performance in Q3, with revenues of $1.42 billion and adjusted EBITDAR of $523.4 million. The company saw relative strength in several locations, including Ohio, Kansas, Massachusetts, and Missouri. They also announced plans to launch ESPN BET on November 14, which is expected to expand their digital ecosystem and drive customer engagement. Total liquidity as of September 30, 2023, was $2.3 billion.
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VICI Properties Inc. Announces Third Quarter 2023 Results

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VICI Properties Inc. reports 20.3% YoY revenue growth and increases guidance for full year 2023. Completed acquisitions and expanded partnerships. Declares quarterly cash dividend. Ended quarter with $510.9M in cash.
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VICI Properties Inc. Completes Acquisition of 38 Bowling Entertainment Centers in Sale-Leaseback Transaction With Bowlero Corp.

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VICI Properties acquires 38 bowling entertainment centers from Bowlero Corp. in a sale-leaseback transaction for $432.9 million. The transaction is expected to be immediately accretive to AFFO per share.
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FAQ

What is the current stock price of VICI Properties (VICI)?

The current stock price of VICI Properties (VICI) is $32.37 as of November 21, 2024.

What is the market cap of VICI Properties (VICI)?

The market cap of VICI Properties (VICI) is approximately 34.0B.

What is VICI Properties Inc.?

VICI Properties Inc. is a real estate investment trust based in the U.S., specializing in gaming, hospitality, and entertainment destinations.

What are the main business segments of VICI Properties?

VICI Properties operates in two main segments: Real Property Business and Golf Course Business.

What types of properties does VICI Properties manage?

VICI Properties manages gaming, hospitality, and entertainment destinations, as well as several golf courses.

What is the mission of VICI Properties Inc.?

The mission of VICI Properties Inc. is to protect real estate investments by maximizing cash flow, minimizing tenant vacancy periods, and maintaining high property standards.

Can investors purchase properties through VICI Properties?

Yes, VICI Properties offers solutions for investors looking to purchase real estate investment properties.

What notable golf courses are managed by VICI Properties?

Notable golf courses include Cascata Golf Course, Rio Secco Golf Course, Grand Bear Golf Course, and Chariot Run Golf Course.

What is a triple net lease?

A triple net lease is a lease agreement where the tenant is responsible for paying property taxes, insurance, and maintenance in addition to rent.

Is VICI Properties Inc. financially stable?

Yes, VICI Properties Inc. has demonstrated robust financial health through strategic acquisitions and solid revenue streams.

How does VICI Properties ensure property maintenance?

VICI Properties ensures property maintenance by delivering predictable property management services at consistently high standards.

Where can I find the latest news about VICI Properties?

The latest news and updates about VICI Properties can be found on financial news websites and the company's official communications.

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VICI Properties Inc.

NYSE:VICI

VICI Rankings

#379 Ranked by Market Cap
#528 Ranked by Dividends

VICI Stock Data

34.03B
1.05B
0.25%
99.86%
2.14%
REIT - Diversified
Real Estate Investment Trusts
Link
United States of America
NEW YORK