Transformative Acquisitions: MGM Growth Properties & The Venetian Resort
VICI DIVIDEND: DURABILITY AND GROWTH SINCE EMERGENCE
VICI HAS CONSISTENTLY RAISED ITS 100% CASH DIVIDEND WHILE TARGETING A 75% AFFO PAYOUT RATIO,
SUPPORTED BY 100% CASH RENT COLLECTION TO DATE
Dividend
Yield(¹)
Q3'18 Dividend
Increase: 9.5%
$1.15
Q3'18 Annualized Div/Sh
($0.2875 Quarterly)
Q3'19 Dividend
Increase: 3.5%
$1.19
Q3'20 Dividend
Increase: 10.9%
$1.32
Q3'19 Annualized Div/Sh
($0.2975 Quarterly)
Q3'20 Annualized Div/Sh
($0.3300 Quarterly)
TRIPLE NET LEASE REIT DIVIDEND COMPARABLES
Q3'21 Dividend
Increase: 9.1%
$1.44
Q3'21 Annualized Div/Sh
($0.3600 Quarterly)
ESSENTIAL PROPERTIES
AGREE REALTY REALTY
CORPORATION
INCOME
The Monthly Dividend Company"
#FCPT STORE
capital
NATIONAL RETAIL
PROPERTIES
NYSE NNN
VICI
SPIRIT
W. P. CAREY
REALTY
3.3%
3.8%
3.9%
4.3%
4.4%
4.5%
4.8%
5.2%
5.4%
LTM AFFO
Payout
Ratio (2)
75.0%
81.8%
80.4%
81.7%
73.2%
70.2%
69.5%
77.2%
84.6%
VICI
Source: Company filings as of Q3 2021.
(1) Reflects most recently announced dividend per share annualized and divided by share prices as of November 5, 2021. (2) Calculated as total dividends paid divided by AFFO based on public filings. Other companies may
calculate AFFO differently from VICI and each other, accordingly, VICI's AFFO may not be comparable to AFFO reported by such other companies. For additional information, refer to the financial information included in the
respective company's public filings with the SEC.
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