VICI Investor Presentation

MARKET-LEADING BUILDINGS OCCUPIED BY MARKET- LEADING EXPERIENTIAL 100% Triple Net Leases 91% Rent Roll with Parent Guarantees -81% Rent Roll with Master Lease Protection -80% Rent Roll from SEC Reporting Tenants -76% Rent Roll from S&P 500 Tenants OPERATORS Tenant CAESARS ENTERTAINMENT. MGM RESORTS Hard Rock THE VENETIAN LAS VEGAS Seminole Hard Rock Entertainment PENN ENTERTAINMENT J.A.C.K. ENTERTAINMENT CENTURY CASINOS CHEROKEE NATION Entertainment Eastern Band of Cherokee Indians FOUND TION GAMING & ENTERTAINMENT PURE CASINO 11 Tenants Number of Properties 18 13 2 8 1 1 2 4 54 WALT (years) as of 6/30/2023(1) 32.1 51.8 48.7 46.8 30.8 31.6 35.0 54.9 33.2 34.5 44.6 41.8 Annualized Cash Rent ($MM) (2) $1,158.7 1,054.5 257.5 134.7 79.3 70.0 55.8(3) 40.0 33.0 24.3 16.0(3) $2,923.8 % of Ann. Cash Rent 40% 36% 9% 5% 3% 2% 2% 1% 1% 1% 1% 100% (1) Weighted average lease term ("WALT") inclusive of all tenant renewal options based on annualized cash rent. (2) Annualized contractual rent as of September 2023. (3) Assumes an exchange rate of C$1:00:US$0.74 as of August 31, 2023. VICI LO 5

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