VICI Properties Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

VICI Properties Inc. (NYSE: VICI) has declared a quarterly cash dividend of $0.36 per share for the period from April 1, 2022 to June 30, 2022. The dividend will be paid on July 7, 2022 to stockholders of record as of June 23, 2022. VICI Properties owns a diverse portfolio of 43 gaming facilities, including renowned venues like Caesars Palace and MGM Grand, with a total of over 122 million square feet and approximately 58,700 hotel rooms. The company focuses on creating a high-quality experiential real estate portfolio.

Positive

• Declared quarterly cash dividend of $0.36 per share.
• Owns 43 gaming facilities, enhancing revenue stability.
• Portfolio includes iconic properties like Caesars Palace and MGM Grand.

Negative

• Potential impacts from economic changes and COVID-19 pandemic risks.
• Dependence on the performance of leased properties.

NEW YORK--(BUSINESS WIRE)-- VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of common stock for the period from April 1, 2022 to June 30, 2022. The dividend will be payable on July 7, 2022 to stockholders of record as of the close of business on June 23, 2022.

About VICI Properties

VICI Properties 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. VICI Properties’ national, geographically diverse portfolio consists of 43 gaming facilities comprising over 122 million square feet and features approximately 58,700 hotel rooms and more than 450 restaurants, bars, nightclubs and sportsbooks. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos, Inc., the Eastern Band of Cherokee Indians, Hard Rock International Inc., JACK Entertainment LLC, MGM Resorts International, Penn National Gaming, Inc., and The Venetian Las Vegas. VICI Properties also has an investment in the Chelsea Piers, New York facility and owns four championship golf courses and 34 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio. For additional information, please visit www.viciproperties.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,” and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond the Company’s control and could materially affect actual results, performance, or achievements. Important risk factors that may affect the Company’s business, results of operations and financial position (including those stemming from the COVID-19 pandemic and changes in the economic conditions as a result thereof) are detailed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005781/en/

Investors:

Investors@viciproperties.com

(646) 949-4631



Or



David Kieske

EVP, Chief Financial Officer

DKieske@viciproperties.com



Danny Valoy

Vice President, Finance

DValoy@viciproperties.com

Source: VICI Properties Inc.

FAQ

What is the dividend amount declared by VICI Properties?

VICI Properties declared a cash dividend of $0.36 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on July 7, 2022.

What period does the declared dividend cover?

The declared dividend covers the period from April 1, 2022, to June 30, 2022.

What is the record date for receiving the dividend?

The record date for receiving the dividend is June 23, 2022.

How many properties does VICI own?

VICI Properties owns 43 gaming facilities.