VICI
🏢 VICI Properties owns iconic real estate assets, including Caesar’s Palace and Mandalay Bay.
💼 The company uses a triple net lease model, with tenants covering maintenance, taxes, and insurance.
🔒 They have long-term contracts with an average duration of 41 years.
💸 Lower interest rates enable VICI to finance new acquisitions and projects at a reduced cost.
@rankia:
“VICI Properties, VICI, is a REIT that owns some of the most iconic real estate assets in the United States, especially in Las Vegas. They own places like Caesar’s Palace, the MGM Grand, and Mandalay Bay. What makes VICI unique is its triple net lease model, where tenants take care of maintenance, taxes, and insurance expenses. They also have very long-term contracts with an average duration of 41 years and an average annual rent of $33 million per asset. With the cut in interest rates, real estate investments become more attractive, and VICI can finance new acquisitions and projects at a lower cost, increasing its portfolio and potential income. Their focus on high-demand properties with high barriers to entry provides them with unique stability in the sector.”
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Read more articles by the world’s top 100 analysts on VICI Properties (VICI) at the following link. VICI stock.
