VICI Properties Inc, founded in 2017 and headquartered in Las Vegas, Nevada, is a real estate investment trust (REIT) focused on acquiring and managing a diverse portfolio of properties primarily in the gaming, hospitality, and entertainment sectors. The company aims to generate attractive returns for its shareholders by investing in high-quality, income-producing assets and engaging in structured leases with tenants.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
VICI Properties has been active in the bond market since its inception, issuing its first bonds shortly after its establishment to finance its property acquisitions. Notably, the company completed a significant bond issuance in 2021, which raised $1 billion through senior unsecured notes, used to fund the acquisition of the MGM Grand and The Venetian among other properties. Current yields on VICI's bonds remain competitive within the REIT sector, reflecting strong demand and investor confidence bolstered by recent growth in their property portfolio and stable lease agreements.