VICI Dividend Growth & Investment Grade Ratings
VICI'S BEST IN CLASS PORTFOLIO (1)
PENDING MGP ACQUISITION FURTHER ENHANCES & DIVERSIFIES VICI'S BEST-IN-CLASS PORTFOLIO
GEOGRAPHIC DIVERSIFICATION ACROSS 15 STATES (2)(3)
Well-balanced exposure between the Las Vegas Strip and
regional markets, including:
Illinois
Indiana
-
Iowa
Mississippi
Missouri
-
New Jersey
LONG-TERM PARTNERSHIPS WITH 8 TENANTS (2)
Top tenant concentration reduced from 100% at formation in
2017 to 42% pro forma for pending acquisition of MGP
80% of rent roll from S&P 500 tenants
1
| | |
-
Louisiana
Maryland
Massachusetts
Michigan
-
-
New York
Ohio
Pennsylvania
West Virginia
Hard Rock 5%
45%
Las Vegas
55%
Regional
THE VENETIAN
LAS VEGAS
10%
VICI
PENN NATIONAL.
GAMING, INC.
3%
36%
MGM RESORTS
INTERNATIONAL
Pending Transaction Close (1)
J.A.C.K
ENTERTAINMENT
3%
1%
1% CENTURY"
CASINOS
42%
CAESARS
ENTERTAINMENT.
(1)) Pro forma for the pending acquisition of MGP and MGM's pending disposition of the operations of The Mirage to Hard Rock, both of which are subject to customary closing conditions and regulatory approvals. (2) Based on
annualized contractual rent. (3) Assumes MGM Master Lease rent is allocated to Las Vegas and Regional properties based on pro rata 2019A Adjusted EBITDAR performance of the operations at the properties according to MGM.
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