Vici Investor Presentation

INDUSTRY-LEADING CPI PROTECTION Estimated CPI Protection as % of VICI's Rent Roll Over Time(¹) 47% 2022E 53% 2023E 56% 2026E 90% 2032E 96% 2035E Source: Respective company filings (1) Percentage of rent roll reflects rent inclusive of minimum contractual rent escalation pursuant to current lease agreements. (2) Based on FY 2021 and Q3'22 company filings for ADC, EPR, FCPT, GLPI, NNN, O, SRC, and WPC. VICI 47% VICI's rent roll with CPI-linked escalation for 2022E 96% VICI's rent roll with CPI-linked escalation by 2035E 2% VICI's G&A as a % of Revenue on a Q3'22 LTM Basis Lowest Exposure to G&A Costs Among Select Triple Net Lease REITS (2) 7

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