New York-based VICI Properties Inc. (VICI) is an experiential real estate investment trust (REIT) that owns one of the largest portfolios of gaming, hospitality, wellness, entertainment, and leisure destinations. Valued at a market cap of $35.1 billion, the company’s portfolio features iconic Las Vegas resorts, regional casinos, luxury hotels, entertainment venues, wellness and spa facilities, golf courses, and other experiential properties across the U.S. and Canada.
This experiential REIT has underperformed the broader market over the past 52 weeks. Shares of VICI have gained 5.3% over this time frame, while the broader S&P 500 Index ($SPX) has surged 20.1%. Nonetheless, on a YTD basis, the stock is up 12.6%, outpacing SPX’s 8.6% return.
