Vici is the only company we’ve retained from our 2024 global portfolio, as we think it has much value to offer. The thesis for the company remains — it is cheap at current prices given the way it has structured its portfolio and how it manages leases and downside risks.
New York-listed Vici Properties is an experiential REIT that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations consisting of 54 gaming properties and 39 other experiential properties across the US and Canada. Its key properties include Caesars Palace, MGM Grand and the Venetian Resort, three of the most iconic entertainment facilities on the Las Vegas Strip.
