Vici Pptys Inc (VICI)

[Soco54]

“It seems that everyone these days is concerned about inflation, and for good reason. Inflation has risen from 2.3% in 2019 to more than 6% in 2021. Investors are looking for ways to hedge rising prices, and Vici offers an opportunity to do this. According to the company, 97% of its rental agreements have automatic escalators based on the consumer price index (CPI). When the CPI rises, so do rents. Higher rents flow through to AFFO and investors can expect larger dividend payments in turn. Vici's leases are what is known as triple net, meaning the tenant pays the insurance, property taxes, and building repairs and maintenance expenses. Finally, Vici has some of the longest-term leases in the business, a source of financial stability. According to the company, its average lease term is more than 43 years. For comparison, Store Capital, a net-lease REIT focused on single-tenant properties, has an average term of 13.5 years.”


https://www.fool.com/real-estate/2021/12/24/is-vici-properties-a-buy-for-2022/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo