VICI Properties Inc.

REIT - Diversified • Real Estate • New York, NY, United States • VICI (NYQ)

646 949 4631 535 Madison Avenue, New York, NY 10022-2203, United States

Quarter: Q2 2025 Reported: April 29, 2025 Sentiment: Positive

VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading developers and operators in other experiential sectors, including Cabot, Cain, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, Kalahari Resorts and Lucky Strike Entertainment. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties' goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators.

Analysis Summary

This Form 8-K details the outcomes of VICI Properties Inc.'s 2025 Annual Meeting of Stockholders held on April 29, 2025. Shareholders approved three key proposals: the election of seven directors (James R. Abrahamson, Diana F. Cantor, Monica H. Douglas, Elizabeth I. Holland, Craig Macnab, Edward B. Pitoniak, and Michael D. Rumbolz), the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2025, and an advisory vote on named executive officer compensation. All director nominees received substantial 'For' votes, ranging from 929 million to 941 million, indicating strong shareholder confidence in the board's composition. The auditor ratification passed with 978,838,090 'For' votes (approximately 99.6% of votes cast), and executive compensation received 900,381,991 'For' votes. The high approval rates across all proposals suggest a stable governance environment and alignment between management and shareholders on these procedural matters. However, it is crucial to note that this filing is a procedural report on the Annual Meeting and does not contain any financial performance data, strategic initiatives, forward guidance, competitive positioning, market trends, or risk factors related to the company's Q2 2025 operations or financial outlook. Therefore, a financial analysis of Q2 2025 earnings cannot be provided based on this document.

Key Highlights

• All seven director nominees were duly elected to serve until the 2026 Annual Meeting.
• Shareholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2025.
• The advisory vote on named executive officer compensation was approved by stockholders.
• High shareholder approval rates across all proposals, indicating strong support for governance.
• This document is a Form 8-K reporting Annual Meeting results, not a Q2 2025 earnings call transcript.