12 Best Real Estate and Realty Stocks To Buy Now

8. VICI Properties Inc. (NYSE:VICI)

Number of Hedge Fund Holders: 35

VICI Properties Inc. (NYSE:VICI) is an experiential REIT that owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations in the United States. This portfolio includes 93 experiential assets across a diverse portfolio comprising 54 gaming properties and 39 other experiential properties across the US and Canada.

VICI is one of the largest triple-net lease REITs. The firm sets it apart from traditional net lease REITs with assets having high barriers to entry and high financial transparency. Since the gaming regulatory environment creates high barriers to entry, the firm benefits from a 100% occupancy rate as tenant’s ability to move locations is limited. VICI remains diversified with multiple revenue streams including hotel rooms, meeting and convention space, gaming space, entertainment venues, and retail outlets.

Although elevated interest rates continue to be a threat to REITs including VICI Properties Inc. (NYSE:VICI) deeming buying new properties expensive, the fact that the firm has been resilient against the pandemic, inflation, and other challenges in the macro environment is commendable. The REIT has shown dividend durability and growth in adjusted funds from operations (AFFO) per share.