Vici Investor Presentation

ADDED SIZE AND SCALE POSITIONS VICI AS ONE OF THE LARGEST REITS VICI was added to the S&P 500 Index on June 8, 2022 SPG PLD EQIX PSA 0 (2) VICI(3) DLR WELL VTR ARE BXP EQR AVB MPW INVH One of the Top 10 "Four-Wall" REITs by LTM Q3'22 Adj. EBITDA ($MM)(¹) $2,070 $1,781 $1,744 $1,738 $1,636 $1,565 $1,487 $1,288 $2,554 $2,417 $3,074 $3,022 $3,319 $5,665 $5,288 PLD EQIX SPG PSA O DLR WELL VICI ARE EQR AVB VTR EXR BXP INVH Among the Premier "Four-Wall" REITS by Enterprise Value as of November 10, 2022 ($Bn) $33 $32 $31 $30 $28 $27 $39 $47★ $73 $65 $63 $58★ $51 $50★ S&P 500 Constituent $132 Sources: Public filings, Capital IQ. We have not independently verified this data (other than data in respect of VICI) and are presenting it in accordance with each company's respective public disclosure. For additional information, refer to the financial information included in the respective company's public filings with the SEC or the sources identified in the respective footnote. "Four-Wall" REITs exclude tower and timber REITs. (1) Other companies may calculate Adj. EBITDA differently from VICI and each other and, accordingly, VICI's Adj. EBITDA may not be comparable to Adj. EBITDA reported by such other companies. See "Reconciliation from GAAP to Non-GAAP Measures" and "Definitions of Non-GAAP Financial Measures" on pages 24 and 27 for additional information. (2) Q3'22 Annualized Adjusted EBITDAre as publicly disclosed by Realty Income to reflect the November 2021 acquisition of VEREIT. (3) Represents annualized Q3'22 Adj. EBITDA of $638.6MM. VICI 16

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