Vici Investor Presentation

VICI PROPERTIES OVERVIEW VICI PROPERTIES INC. (NYSE: VICI) IS A TRIPLE NET LEASE REIT THAT OWNS ONE OF THE LARGEST PORTFOLIOS OF MARKET-LEADING GAMING, HOSPITALITY AND ENTERTAINMENT DESTINATIONS Demonstrated Track Record of Growth Executed ~$30bn of investments and issued ~$19bn of equity since formation in 2017 Diversified, High-Quality 43 Asset Portfolio Geographic and tenant diversification, as well as a high level of revenue diversity within each asset Resilient and Stable Cash Flows 100% rent collection to date through the ongoing COVID-19 pandemic Mission Critical Complex Real Estate Gaming regulatory environment creates high barriers to entry and limits tenants' ability to move locations, contributing to 100% occupancy rate TORR VICI AUDIO Investment-Grade Balance Sheet Investment grade rating broadens access across capital markets TAQ Voiree Significant Scale Second largest triple net lease REIT and one of the top four-wall REITS by LTM Q2'22 Adj. EBITDA(¹) VENETIAN Inflation Protected Leases 47% of leases with uncapped CPI-linked escalation in 2022E and 96% of leases with CPI-linked escalation over the long- term (subject to applicable caps) Harrah Hi Grand Vera Tenant Strength & Transparency ~80% of rent roll derived from SEC reporting operators providing transparency into tenant performance and health REISH New TATION PALASSO Long-Dated Lease Maturities 42.8-year weighted average lease term(2) (1) Reflects pro forma LQA Q2'22 Further Adj. EBITDA for VICI. Please refer to page 17 for additional details. (2) Weighted average lease term ("WALT") inclusive of all tenant renewal options. 3

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