VICI Properties: What Vegas Tourism Declines Mean For Investors
Summary
Despite a 12% drop in Las Vegas visitors, VICI Properties remains resilient due to fixed rent agreements and strong tena...
Despite a 12% drop in Las Vegas visitors, VICI Properties remains resilient due to fixed rent agreements and strong tenant quality. VICI's unique, diversified portfolio and 100% rent collection provide exceptional stability, making it a reliable dividend payer even during tourism slumps. AFFO per share continues to grow steadily, with upgraded guidance and a starting yield above 5%, supporting 8%-10% expected annual returns.