VICI Properties stock has shed nearly a quarter of its value in a year, yet the company just raised its dividend again. The casino landlord’s lease structure tells a story the falling share price ignores, but one tenant relationship could…
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VICI Properties (NYSE:VICI) shares have fallen 23.9% over the past year to $23.16, and the stock underperformed the market again Monday. Yet on September 3, the casino landlord raised its quarterly dividend to $0.46 from $0.45. The market is pricing gaming cyclicality. The lease book tells a steadier story.
Who Actually Pays VICI’s Rent
VICI owns 93+…
