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1 Crucial Factor Driving This 5.3%-Yielding Dividend Stock's Unstoppable Growth
Vici Properties (NYSE: VICI) has grown significantly over the years. When it formed in 2017, the real estate investment trust (REIT) owned 20 casino properties leased to several different gaming operators. Today, it owns a diversified portfolio of 93 experiential real estate assets leased to 13 gaming and entertainment tenants.It also has a large portfolio of real estate-backed loans with other leading experiential operators. That growing portfolio has enabled the company to increase its 5.3%-yielding dividend every single year since its formation (last year was the seventh in a row).The REIT's unstoppable growth should continue. One crucial reason driving that view is the strategic relationships it has developed with high-quality operators of experiential properties. Those deep relationships have enabled the company to continue making new investments.Continue reading
Vici Properties (NYSE: VICI) has grown significantly over the years. When it formed in 2017, the real estate investment trust (REIT) owned 20 casino properties leased to several different gaming operators. Today, it owns a diversified portfolio of 93 experiential real estate assets leased to 13 gaming and entertainment tenants.
It also has a large portfolio of real estate-backed loans with other leading experiential operators. That growing portfolio has enabled the company to increase its 5.3%-yielding dividend every single year since its formation (last year was the seventh in a row).
The REIT's unstoppable growth should continue. One crucial reason driving that view is the strategic relationships it has developed with high-quality operators of experiential properties. Those deep relationships have enabled the company to continue making new investments.
