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
One of the Top 10 "Four-Wall" REITS
by LTM Q2'22 Adj. EBITDA ($MM) (¹)
SPG
PLD
EQIX
O
PSA
VICI
DLR
WELL
VTR
BXP
ARE
EQR
MPW
AVB
INVH
WPC
GLPI
ESS
PEAK
(2)
(3)
VICI
$2,926
$2,907
$3,234
$2,569
$2,408
$2,020
$1,252
$1,205
$1,155
$1,139
$1,1167
$1,750
$1,692
$1,680
$1,577
$1,516
$1,500
$5,636
$4,774
One of the Largest Triple Net Lease REITS
by LTM Q2'22 Adj. EBITDA ($MM)(¹)
0(2)
VICI (3)
WPC
GLPI
STOR
NNN
SRC
EPR
BNL
EPRT
FCPT
NTST
$331
$244
$161
$53
$674
$604
$485
$765
$1,205
$1,155
$2,926
$2,569
Among the Premier "Four-Wall" REITs
by Enterprise Value ($Bn)(4)
PLD
EQIX
PSA
O
SPG
DLR
WELL
VICI
ARE
EQR
AVB
EXR
VTR
INVH
BXP
DRE
SUI
MAA
ESS
WPC
UDR
PEAK
KIM
GLPI
MPW
HST
$19
$17
$37
$37
$34
$32
$28
$27
$25
$24
$23
$22
$22
$21
$20
$31
$29
$40
$48
$54
$53
$61
$61
$78
$69
$119
S&P 500 Constituent
Sources: Public filings and 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" in the appendix for additional information, including the definition and reconciliation to the most comparable GAAP financial measures. (2) Q2'22 Annualized Adjusted EBITDAre as publicly
disclosed by Realty Income to reflect the November 2021 acquisition of VEREIT. (3) LQA Q2'22 Further Adjusted EBITDA represents annualized Q2'22 Adjusted EBITDA, adjusted to reflect the impact of the acquisition of MGP as
if it had closed on April 1, 2022 instead of the closing date of April 29, 2022. (4) As of August 5, 2022.
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