12 Best REIT Stocks to Buy Now

7. VICI Properties Inc. (NYSE:VICI)

Number of Hedge Fund Holders: 35

VICI Properties Inc. (NYSE:VICI) is one of the largest owners of gaming, hospitality, and entertainment destinations in the US. The S&P 500 experiential real estate investment trust owns 93 experiential assets comprising 54 gaming properties and 39 other experiential properties across the US and Canada.

VICI is one of the largest triple-net lease REITs. As compared to other traditional net lease REITs, VICI assets have high barriers to entry and high financial transparency. Since the gaming regulatory environment creates high barriers to entry, the REIT benefits from a 100% occupancy rate as tenants’ 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.

VICI Properties Inc. (NYSE:VICI) has been resilient against the pandemic, inflation, and other challenges in the macro environment. The REIT has shown dividend durability and growth in adjusted funds from operations (AFFO) per share. The track record of growth is promising as the REIT has announced almost $37 billion of domestic and international investments across gaming and other experiential assets since its formation in 2017.