VICI Properties Inc. Increases Regular Quarterly Dividend
September 05 2024 - 4:15PM
Business Wire
– Represents Seventh Consecutive Annual
Dividend Increase Since Formation –
VICI Properties Inc. (NYSE: VICI) (“VICI Properties”) announced
today that its Board of Directors has declared a regular quarterly
cash dividend of $0.4325 per share of common stock for the period
from July 1, 2024 to September 30, 2024, representing an annualized
amount of $1.73 per share and a 4.2% increase from the current
dividend rate. The dividend will be payable on October 3, 2024 to
stockholders of record as of the close of business on September 18,
2024.
About VICI Properties
VICI Properties Inc. is an S&P 500® experiential real estate
investment trust that owns one of the largest portfolios of
market-leading gaming, hospitality and entertainment destinations,
including Caesars Palace Las Vegas, MGM Grand and the Venetian
Resort Las Vegas, three of the most iconic entertainment facilities
on the Las Vegas Strip. VICI Properties owns 93 experiential assets
across a geographically diverse portfolio consisting of 54 gaming
properties and 39 other experiential properties across the United
States and Canada. The portfolio is comprised of approximately 127
million square feet and features approximately 60,300 hotel rooms
and over 500 restaurants, bars, nightclubs and sportsbooks. Its
properties are occupied by industry-leading gaming, leisure and
hospitality operators under long-term, triple-net lease agreements.
VICI Properties has a growing array of real estate and financing
partnerships with leading operators in other experiential sectors,
including Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf
Resorts, Homefield and Kalahari Resorts. VICI Properties also owns
four championship golf courses and 33 acres of undeveloped and
underdeveloped land adjacent to the Las Vegas Strip. VICI
Properties’ goal is to create the highest quality and most
productive experiential real estate portfolio through a strategy of
partnering with the highest quality experiential place makers and
operators. For additional information, please visit
www.viciproperties.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. You can identify these
statements by our use of the words “assumes,” “believes,”
“estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,”
“will,” and similar expressions that do not relate to historical
matters. All statements other than statements of historical fact
are forward-looking statements. You should exercise caution in
interpreting and relying on forward-looking statements because they
involve known and unknown risks, uncertainties, and other factors
which are, in some cases, beyond VICI’s control and could
materially affect actual results, performance, or achievements.
Important risk factors that may affect VICI’s business, results of
operations and financial position are detailed from time to time in
VICI’s filings with the Securities and Exchange Commission. VICI
does not undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise, except as may be required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240905508009/en/
Investor: Investors@viciproperties.com (646) 949-4631 Or David
Kieske EVP, Chief Financial Officer DKieske@viciproperties.com
Moira McCloskey SVP, Capital Markets MMcCloskey@viciproperties.com
LinkedIn: www.linkedin.com/company/vici-properties-inc
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