13 Most Profitable Real Estate Stocks Now

8. VICI Properties Inc. (NYSE:VICI)

Number of Hedge Fund Holders: 33

5 Year Net Income Growth: 35.58%

VICI Properties Inc. (NYSE:VICI) owns one of the largest high-quality portfolios of market-leading gaming, hospitality, and entertainment destinations. The company owns 93 experiential assets across a diverse portfolio which comprises 54 gaming properties 39 other experiential properties, and four championship golf courses positioned across the US and Canada.

VICI Properties Inc. (NYSE:VICI) serves as one of the largest triple net lease REITs which reflects its significant scale. The company has also shown a track record of growth and tenant diversification. As compared to traditional net-lease REITS, the firm’s assets have high barriers to entry and high financial transparency. The REIT has also diversified itself with other revenue streams by being the largest owner of hotel room real estate and privately owned meeting, convention, and event space in America.

During the second quarter, the REIT recorded a 6.6% year-over-year revenue growth. Net income rose 7.3% to $741.3 million while AFFO attributable to common stockholders increased 9.6%, year-over-year. Simultaneously, the company announced up to $700 million in investment through VICI’s Partner Property Growth Fund strategy to fund extensive reinvestment projects at The Venetian Resort Las Vegas. With the increasing share of consumer discretionary income spent on experiences, the experiential real estate industry presents the firm with favorable secular trends.

A sustainable growth pattern with quality tenants in durable sectors across attractive geographies deems VICI Properties Inc. (NYSE:VICI) as a top experiential real estate firm. As of Q2, the stock is held by 33 hedge funds.