Real estate investment trust (REIT) VICI Properties Inc. (VICI) in Las Vegas owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations, including the world-renowned Caesars Palace. The company’s national, geographically diverse portfolio consists of 28 gaming facilities that comprise more than 62 million square feet and features approximately 25,000 hotel rooms and more than 250 restaurants, bars, nightclubs, and sportsbooks.
REITs are known to provide natural protection against inflation because real estate rents and values tend to increase in tandem with general prices. Furthermore, many leases are tied to inflation, thus, supporting REIT’s dividend growth and providing a reliable income stream even during inflationary periods. With the Consumer Price Index rising 8.5% in March, representing the most heated inflation since December 1981, investors have been looking for safe-haven bets, which has helped VICI’s shares to gain 6.3% in price over the past month.
