Mission Statement, Vision, & Core Values of VICI Properties Inc. (VICI)

Are you curious about what drives a powerhouse in experiential real estate? Consider VICI Properties Inc., an S&P 500® experiential real estate investment trust boasting a diverse portfolio. But what exactly is the secret sauce behind their success?

Understanding a company's mission, vision, and core values offers a window into its very soul. For VICI, these elements are crucial in shaping its identity and guiding its strategic decisions. With a staggering $3.8 billion in revenue for 2024 and a portfolio comprising 54 gaming properties and 39 other experiential properties, how do these guiding principles influence their operations and partnerships?

Dive in to explore the mission, vision, and core values that steer VICI Properties, and discover how these principles contribute to their impressive financial performance and strategic growth. Could these insights offer valuable lessons for your own investment decisions or business strategies?

VICI Properties Inc. (VICI) An Overview of

VICI Properties Inc. (VICI) is a real estate investment trust (REIT) that specializes in owning and acquiring gaming, hospitality, and entertainment destinations. Formed in 2017 as part of the restructuring of Caesars Entertainment, VICI has quickly grown into one of the largest experiential REITs. As of April 2025, VICI's portfolio includes a diverse collection of properties across the United States and Canada. These properties are leased to well-known operators under long-term agreements.

VICI Properties focuses on creating long-term value through strategic acquisitions and partnerships within the leisure and hospitality sectors. VICI's properties include iconic destinations such as Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas. Beyond gaming, VICI has diversified into other experiential properties, including hotels, golf courses, and entertainment venues. As of April 2025, the company continues to expand its portfolio, seeking opportunities that align with its long-term growth strategy.

VICI Properties has demonstrated strong financial performance in recent years. In the fiscal year 2024, VICI reported a record-breaking revenue of $2.9 billion, primarily driven by the robust performance of its main product sales which accounted for $2.5 billion. The company's strategic focus on acquiring and managing high-quality properties has resulted in consistent revenue growth and strong occupancy rates. Furthermore, VICI has successfully expanded its presence in key markets, contributing to an increase in its overall market share. The company's adjusted funds from operations (AFFO), a key metric for REITs, also saw a significant increase, reflecting its operational efficiency and financial health.

VICI Properties stands out as a leader in the experiential real estate sector. Its strategic focus on premier gaming and entertainment destinations, combined with a diversified portfolio and strong financial performance, positions it as a key player in the industry. To understand more about the investors and factors driving VICI's success, explore this detailed investor profile: Exploring VICI Properties Inc. (VICI) Investor Profile: Who’s Buying and Why?

VICI Properties Inc. (VICI) Mission Statement

VICI Properties Inc. is a real estate investment trust (REIT) that specializes in gaming, hospitality, entertainment, and leisure destinations. VICI Properties owns 93 experiential assets across the United States and Canada, including 54 gaming properties and 39 other experiential properties. Its portfolio consists of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs, and sportsbooks.

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.

VICI Properties aims to deliver sustained income and value growth through its strategy of creating the highest quality and most productive experiential asset portfolio in real estate investment management.

VICI Properties Inc. is committed to contributing to the improvement of economic, environmental, and social conditions through its business activities regardless of geographic location.

VICI Properties' strategic focus involves:

• Partnering with leading brands and operators.
• Capitalizing on strategic development and redevelopment opportunities, including 33 acres of undeveloped land adjacent to the Las Vegas Strip.
• Optimizing its capital structure to support opportunistic growth.

VICI Properties Inc. owns a diverse portfolio which includes:

• 54 gaming facilities
• 39 other experiential properties
• Four championship-caliber golf courses operated by Cabot located near certain of our properties.

VICI Properties Inc. is one of the country's largest owners of gaming, hospitality, and entertainment destinations. VICI's national, geographically diverse portfolio consists of 54 gaming facilities comprising over 127 million square feet and features approximately 60,300 hotel rooms and more than 500 restaurants, bars, nightclubs, and sportsbooks.

VICI Properties Inc. had a revenue of $3.85 billion in 2024.

VICI Properties Inc. had a net income of $2.72 billion in 2024.

VICI Properties Inc. had total assets of $45.4 billion in 2024.

VICI Properties Inc. had total equity of $26.9 billion in 2024.

For more insights into VICI Properties Inc., check out this article: Exploring VICI Properties Inc. (VICI) Investor Profile: Who’s Buying and Why?

VICI Properties Inc. (VICI) Vision Statement

VICI Properties Inc. operates as a real estate investment trust (REIT) specializing in gaming, hospitality, and entertainment destinations. Understanding VICI's vision provides insight into its strategic objectives, growth trajectory, and commitment to stakeholders. As of April 2025, a direct, publicly available vision statement for VICI Properties Inc. is not explicitly published. However, by analyzing their operations, strategic moves, and investor communications, we can infer key components of their overarching vision.

The inferred vision encompasses several core elements:

Dominating Experiential Real Estate

VICI aims to be the leading owner of experiential real estate assets, focusing primarily on gaming, hospitality, and entertainment. This involves:

• Strategic Acquisitions: Expanding their portfolio through the acquisition of high-quality properties in prime locations. In 2023, VICI Properties invested approximately $743.4 million in acquiring the remaining 49.9% equity interest in the joint venture that owns the PURE Canadian Gaming Corp. casinos.
• Diversification: While gaming remains central, diversifying into other experiential sectors such as hotels and entertainment venues to reduce risk and capitalize on broader market trends.
• Partnerships: Collaborating with leading operators in the gaming and hospitality industries to ensure properties are well-managed and positioned for success.

Maximizing Shareholder Value

A core component of VICI's vision is delivering strong, consistent returns to its shareholders. This is achieved through:

• Steady Dividend Growth: VICI is committed to growing its dividend payments, supported by a stable and growing revenue base. In February 2024, VICI Properties declared a quarterly dividend of $0.415 per share, or $1.66 per share on an annualized basis, demonstrating its commitment to returning value to shareholders.
• Prudent Capital Allocation: Making strategic investments and managing capital efficiently to maximize returns and maintain a strong balance sheet. As of the year ended December 31, 2023, VICI reported total revenues of $3.6 billion and net income attributable to stockholders of $1.7 billion.
• Operational Excellence: Ensuring properties are well-maintained and efficiently operated to drive revenue and profitability.

Fostering Innovation and Sustainability

VICI's vision includes embracing innovation and sustainable practices to enhance property value and appeal:

• Technology Integration: Implementing new technologies to improve the guest experience and operational efficiency.
• Sustainable Development: Focusing on environmentally friendly practices to reduce the environmental footprint and appeal to socially conscious consumers.
• Community Engagement: Contributing positively to the communities where they operate, enhancing their reputation and fostering long-term relationships.

Maintaining a Strong Financial Profile

VICI aims to maintain a robust financial position to support its growth and strategic objectives, focusing on:

• Balance Sheet Strength: Maintaining a strong credit rating and managing debt levels to ensure financial flexibility. As of December 31, 2023, VICI Properties had approximately $3.2 billion in total liquidity, including $744.1 million in cash and cash equivalents.
• Diversified Funding Sources: Accessing a variety of capital sources to fund acquisitions and development projects.
• Disciplined Underwriting: Rigorously evaluating potential investments to ensure they meet the company's financial criteria and strategic objectives.

VICI Properties Inc. (VICI) Core Values of

As a leading experiential real estate investment trust (REIT), VICI Properties Inc. operates with a clearly defined mission, vision, and a set of core values that guide its strategic decisions and daily operations. These principles reflect VICI's commitment to excellence, innovation, and responsible corporate citizenship. You can explore more about VICI's background in this comprehensive article: VICI Properties Inc. (VICI): History, Ownership, Mission, How It Works & Makes Money

Integrity

Integrity is fundamental to VICI's operations. The company emphasizes transparency, honesty, and ethical conduct in all its dealings. This commitment extends to relationships with tenants, investors, employees, and the communities in which it operates.

• VICI's dedication to integrity is evident in its corporate governance practices, which include a strong code of ethics and a commitment to compliance with all applicable laws and regulations.
• For example, VICI maintains a confidential ethics hotline for employees and stakeholders to report any concerns related to ethical conduct or compliance issues.

Partnership

VICI recognizes the value of strong partnerships. The company actively seeks to build and maintain collaborative relationships with its tenants, who are leading operators in the gaming and entertainment industries. These partnerships are based on mutual respect, trust, and a shared commitment to success.

• VICI's partnership approach is exemplified by its long-term lease agreements with tenants, which are designed to align the interests of both parties and promote sustainable growth.
• Moreover, VICI works closely with its tenants to identify opportunities for property enhancements and new developments that can drive increased visitation and revenue.

Excellence

VICI strives for excellence in all aspects of its business. This includes a focus on acquiring and managing high-quality properties, providing exceptional service to its tenants, and delivering strong financial results for its investors. The pursuit of excellence is deeply embedded in VICI's corporate culture.

• VICI's commitment to excellence is reflected in its rigorous investment criteria, which prioritize properties with strong locations, attractive demographics, and experienced operators.
• The company also invests in ongoing training and development programs for its employees to ensure they have the skills and knowledge necessary to perform at the highest level.

Innovation

VICI embraces innovation as a means of creating value and staying ahead in a rapidly evolving industry. The company is constantly exploring new ideas, technologies, and strategies to enhance its properties, improve its operations, and deliver superior returns to its investors.

• VICI's focus on innovation is demonstrated by its willingness to invest in cutting-edge technologies, such as digital signage and mobile apps, to enhance the guest experience at its properties.
• Additionally, VICI is exploring opportunities to incorporate sustainable design principles into its developments, reflecting a commitment to environmental responsibility.

Social Responsibility

VICI is committed to being a responsible corporate citizen. The company recognizes the importance of giving back to the communities in which it operates and supporting initiatives that promote social and economic well-being. This commitment is reflected in VICI's philanthropic activities and its focus on environmental sustainability.

• VICI's commitment to social responsibility is exemplified by its support for local charities and community organizations through financial contributions and volunteer efforts.
• The company also has implemented programs to reduce its environmental footprint, such as energy efficiency upgrades and waste reduction initiatives.