Investor Presentaiton

VICI PROPERTIES OVERVIEW VICI PROPERTIES INC. (NYSE: VICI) IS A TRIPLE NET LEASE REIT THAT OWNS ONE OF THE LARGEST PORTFOLIOS OF MARKET-LEADING GAMING, HOSPITALITY AND ENTERTAINMENT DESTINATIONS Demonstrated Track Record of Growth Executed ~$29bn of transactions and issued ~$18bn of equity(1) since formation in 2017 Diversified, High-Quality 43 Asset Portfolio Geographic and tenant diversification, as well as a high level of revenue diversity within each asset Significant Scale Second largest triple net lease REIT and one of the top four-wall REITs by LTM Q1'22 Adj. EBITDA (2) Resilient and Stable Cash Flows 100% rent collection to date through the ongoing COVID-19 pandemic VENETIAN Inflation Protected Leases 47% of leases with uncapped CPI-linked escalation in 2022E and 96% of leases with CPI-linked escalation over the long- term (subject to applicable caps) Harat Mission Critical Complex Real Estate Gaming regulatory environment creates high barriers to entry and limits tenants' ability to move locations, contributing to 100% occupancy rate Tenant Strength & Transparency ~81% of rent roll derived from SEC reporting operators providing transparency into tenant performance and health PALASSO CHABURE BAND Long-Dated Lease Maturities 43-year weighted average lease term Investment-Grade Balance Sheet Investment grade rating broadens access across capital markets VICI STATION (1) Inclusive of equity issued to former MGP stockholders pursuant to the MGP transaction, which closed on April 29, 2022. (2) Reflects pro forma LTM Q1'22 Adj. EBITDA for VICI. Please refer to page 17 for additional details. 3

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