VICI Properties Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

VICI Properties has declared a quarterly cash dividend of $0.33 per share of common stock for the period from October 1, 2020, to December 31, 2020. This dividend will be payable on January 7, 2021, to stockholders of record as of the close of business on December 23, 2020.

VICI Properties owns a diverse portfolio of 28 gaming facilities, totaling 47 million square feet and approximately 18,000 hotel rooms. It leases properties to leading gaming and hospitality operators, including Caesars and Hard Rock International.

Positive

• Quarterly dividend of $0.33 per share demonstrates commitment to returning income to shareholders.
• Diverse portfolio includes 28 gaming facilities and approximately 18,000 hotel rooms, which strengthens revenue potential.

Negative

• None.

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 $0.33 per share of common stock for the period from October 1, 2020 to December 31, 2020. The dividend will be payable on January 7, 2021 to stockholders of record as of the close of business on December 23, 2020.

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 the world-renowned Caesars Palace. VICI Properties’ national, geographically diverse portfolio consists of 28 gaming facilities comprising 47 million square feet and features approximately 18,000 hotel rooms and more than 200 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars, Century Casinos, Hard Rock International, JACK Entertainment and Penn National Gaming. VICI Properties also owns four championship golf courses and 34 acres of undeveloped 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 contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “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.