VICI Properties Inc. (NYSE:VICI) is included among the 14 Value Stocks to Buy with High Dividend Yields.
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On February 27, Deutsche Bank lowered its price target on VICI Properties Inc. (NYSE:VICI) to $32 from $34. The company maintained a Hold rating on the stock.
During the company’s fourth quarter 2025 earnings conference call, CEO Edward Pitoniak discussed the importance of tenant operating performance. He pointed to The Venetian as a clear example of how a property’s performance can improve over time. He said the property’s EBITDAR increased from $487 million before the pandemic to $777 million in 2024. He explained that while VICI operates under triple net leases and does not manage day-to-day operations, the company closely monitors performance. It also said it values ​​the work of its operating partners to keep its properties competitive and relevant.
President John Payne also discussed several strategic partnerships formed during 2025. He said the company entered into a long-term agreement with Cain and Eldridge Industries. VICI also completed a $510 million delayed term loan with Red Rock Resorts. Additionally, Clairvest joined as the company’s 14th tenant and VICI completed a sale-leaseback transaction with Golden Entertainment valued at $1.16 billion. Payne said these transactions represented a total of $2.1 billion in committed capital during 2025. He added that the deals had a weighted average initial return of 8.9%, reflecting the company’s continued focus on disciplined investing.
He also said the company expanded into the local Las Vegas market during the year. He described the segment as attractive, backed by favorable demographics and steady demand.
VICI Properties Inc. (NYSE:VICI) operates as a real estate investment trust. The company owns and acquires gaming, hospitality, wellness, entertainment and leisure destinations, which it leases to operators under long-term triple net agreements.
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