10 Best Extremely Profitable Stocks to Buy Now

5. VICI Properties Inc. (NYSE:VICI)

5 Year Revenue Growth: 33.92%

5 Year Net Income Growth: 36.66%

TTM Net Income: $2.81 Billion

Number of Hedge Fund Holders: 35

VICI Properties Inc. (NYSE:VICI) is a prominent real estate investment trust (REIT) that primarily focuses on owning and acquiring properties related to gaming, hospitality, and entertainment. The company specializes in gaming and experiential properties, providing exposure to a high-growth segment of real estate that includes iconic venues like Caesars Palace and MGM Grand.

Presently, it owns 93 experimental assets including 54 gaming properties and 39 other experiential properties across the United States and Canada. The company’s massive exposure to the gaming industry is one of its biggest strategic moats. This is because VICI Properties Inc. (NYSE:VICI) enters into multi-decade contracts with gaming industry operators. Considering the complex real estate regulations its tenants cannot relocate easily and quickly, thereby giving the company a healthy occupancy rate. The company has not only maintained a 100% occupancy rate since its IPO, even in COVID-19 but also enjoys its leases linked to the Consumer Price Index (CPI). This means that the company can raise the rent with inflation.

During the third quarter of fiscal 2024, VICI Properties Inc. (NYSE:VICI) posted a total revenue of $964.7 million, up 6.7% year-over-year. Moreover, its net income attributable to shareholders also improved by 31.7% during the same time. It is one of the best extremely profitable stocks to buy now, with 35 hedge funds having stakes in the company as per Insider Monkey’s Q3 2024 data.