Vici Properties: REIT with attractive dividend
-Capitaltenants: Vici Properties $VICI holds real estate assets in the form of casinos and entertainment properties with tenants like Caesar's Entertainment, MGM Resorts and others. With multi-decade contracts, it maintains 100% occupancy.
-REIT Profit Model: As a real estate investment trust (REIT), $VICI must pay out at least 90% of its taxable earnings to investors in the form of dividends. The net-lease model, where tenants pay for insurance, maintenance and taxes, makes the company attractive to conservative investors.
- Recovering from the downturn: Despite the recent downturn due to rising interest rates, Vici is once again becoming an attractive long-term investment. With interest rates expected to stabilize and fall, it once again has the potential for earnings growth and an attractive dividend yield of 5.5%.
Vici Properties offers a stable investment opportunity with long-term growth potential and attractive dividends for investors seeking stable income and long-term capital growth.
For me a great company, I already have quite a lot of $VICI shares and I don't need to buy more.