Vici Properties is a young REIT formed in 2017 as a spinoff from Caesar's Entertainment (CZR +0.27%) as part of a reorganization under its Chapter 11 bankruptcy. It has grown tremendously since then, acquiring additional casino properties in sale-leaseback transactions, merging with another large gaming REIT, and diversifying into additional experiential real estate types. It now owns several iconic casino properties along with a growing portfolio of experiential properties like bowling entertainment centers.
The REIT leases its properties back to the operators under triple net structures, half of which tie rents to inflation. That supplies it with very stable and growing rental income.
Meanwhile, it has a reasonable dividend payout ratio (around 75%) and a strong investment-grade balance sheet with a 5.0 times leverage ratio. Those features give it the financial flexibility to continue expanding its investment portfolio. In addition to making acquisitions, Vici Properties provides funding to partners to finance property upgrades and development projects, which also supplies it with predictable income.
Vici Properties has an excellent record of increasing its dividend. It has increased its dividend every year since going public (it delivered its eighth annual dividend hike in a row in late 2025). Meanwhile, it has grown its payout at a peer-leading rate during that time frame (6.6% since the end of 2018 compared to the average of 2.3%). With a strong financial profile and long growth runway, this REIT should have no trouble continuing to increase its high-yielding dividend.
How to invest in these high-dividend REITs
- Open your brokerage app: Log in to your brokerage account where you handle your investments.
- Search for the REIT: Enter the ticker or company name into the search bar to bring up the REIT's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this REIT.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
