Key Reasons to Add VICI Properties Stock to Your Portfolio Now

VICI Properties VICI boasts a high-quality portfolio of market-leading gaming, hospitality and entertainment destinations. Its mission-critical assets and long-term triple-net lease agreements with its tenants assure stable rental revenues. A healthy balance sheet position is likely to support its growth endeavors.

Analysts seem bullish on VICI Properties. The Zacks Consensus Estimate for VICI’s 2025 FFO per share has moved one cent northward over the past three months to $2.37.

So far in the year, shares of this Zacks Rank #2 (Buy) company have declined 1.6% against the industry’s 5.6% growth.

Factors That Make VICI Properties a Solid Pick

Robust Portfolio of Iconic Assets and Favorable Long-Term Leases: VICI Properties boasts a portfolio of 54 gaming and 39 experiential properties in the United States and Canada. Its portfolio benefits from high-demand, experience-driven destinations with long-term leases averaging 40.0 years. With a 100% occupancy rate, these properties are essential to tenants who face high costs and regulatory hurdles to relocate. These advantages position VICI as a dominant player in a lucrative market, offering consistent and reliable income streams.

Inflation-Protected Cash Flow: VICI Properties expects lease agreements to feature a rent roll of 42% with CPI-linked escalation in 2025, which is further projected to rise to 90% by 2035. This alignment with inflation ensures steady cash flow growth, providing stability even during economic uncertainty. Additionally, 79% of the company’s rent comes from SEC reporting operators, reflecting a highly creditworthy tenant base. These factors combine to deliver secure and predictable revenues, solidifying VICI’s appeal to long-term investors.

Demonstrated Growth and Strategic Diversification: Since its inception in 2017, VICI has achieved a 379% increase in adjusted EBITDA while expanding its portfolio beyond gaming to include diversified experiential assets such as Chelsea Piers and Lucky Strike Entertainment. This strategic diversification mitigates exposure to gaming-specific risks and establishes VICI as a key player in the broader experiential real estate sector. The company's track record of successful growth initiatives highlights the strength of its management team and underscores its potential for long-term success.

Balance Sheet Strength: VICI Properties focuses on enjoying financial flexibility, and as of Sept. 30, 2025, the company’s liquidity totaled $3.1 billion. The last quarter’s annualized net leverage ratio was 5.0 as of Sept. 30, 2025, within the long-term net leverage target of 5.0-5.5.

VICI Properties enjoyed investment-grade credit ratings of Baa3, BBB- and BBB- from Moody’s, S&P Global Ratings and Fitch Ratings, respectively, as of the end of the third quarter of 2025, rendering it favorable access to the debt market.

Encouraging Dividend Distributions: Solid dividend payouts remain the biggest attraction for REIT investors, and VICI Properties has remained committed to that. Since 2018, VICI has maintained an impressive 6.6% annual dividend growth rate, surpassing many competitors in the triple-net REIT space. Given a robust operating platform and decent financial position, its dividend distribution is expected to be sustainable over the long run.

Other Stocks to Consider

Some other top-ranked stocks from the broader REIT sector are Cousins Properties CUZ and Digital Realty Trust DLR, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for CUZ’s 2025 FFO per share has moved a cent northward to $2.83 over the past two months.

The Zacks Consensus Estimate for DLR’s 2025 FFO per share has moved 6 cents upward to $7.35 over the past month.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.

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This article originally published on Zacks Investment Research (zacks.com).

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