Investor Presentaiton

TOTAL STOCK RETURN OUTPERFORMANCE TO DATE ANNUAL TOTAL RETURN TARGET OF 10-12% FOR VICI'S STOCKHOLDERS TSR SINCE IPO (1) 3-YEAR TSR YTD TSR FEBRUARY 1, 2018 - DECEMBER 31, 2021 DECEMBER 31, 2018 - DECEMBER 31, 2021 DECEMBER 31, 2021 - MAY 27, 2022 85.5% 69.4% 87.8% 66.6% 3.9% Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Feb-18 Feb-19 Feb-20 Feb-21 Dec-21 Dec-18 Dec-19 Dec-20 Dec-21 -13.1% VICI W MSCI US REIT Index DIVIDEND YIELD, SAME STORE AFFO GROWTH AND SUSTAINABLE EXTERNAL AFFO GROWTH COMBINE IN SEEKING TO DELIVER SUPERIOR RETURNS TO VICI'S STOCKHOLDERS VICI Source: FactSet, Bloomberg (1) Reflects VICI IPO price of $20.00 per share on February 1, 2018. 18

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