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VICI Properties Priced, NYSE: VICI

Newly-formed triple-net REIT that leases properties to Caesars Entertainment.

Industry: Real Estate

Latest Trade: $21.64 0.00 (0.0%)

First Day Return: +4.5%

Return from IPO: +8.2%

Industry: Real Estate

We are an owner, acquirer and developer of experiential real estate assets across leading gaming, hospitality, entertainment and leisure destinations. Our national, geographically diverse portfolio consists of 20 market-leading properties, including Caesars Palace Las Vegas and Harrah's Las Vegas, two of the most iconic entertainment facilities on the Las Vegas Strip. Our entertainment facilities are leased to leading brands that seek to drive consumer loyalty and value with guests through superior services, experiences, products and continuous innovation. Across more than 36 million square feet, our well-maintained properties are located in nine states, contain nearly 14,000 hotel rooms and feature over 150 restaurants, bars and nightclubs. Our portfolio also includes approximately 34 acres of undeveloped land adjacent to the Strip that is leased to Caesars, which we may look to monetize as appropriate. We also own and operate four championship golf courses located near certain of our properties, two of which are in close proximity to the Las Vegas Strip. As a growth focused public real estate company, we expect our relationship with our partners will position us for the acquisition of additional properties across leisure and hospitality. We expect a quarterly distribution of $0.2625 per share (5.25% annual yield at proposed $20 offer price).
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IPO News for VICI Properties
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IPO Data
IPO File Date 12/12/2017
Offer Price $20.00
Price Range $19.00 - $21.00
Offer Shares (mm) 60.5
Deal Size ($mm) $1,210
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/31/2018
Offer Price $20.00
Price Range $19.00 - $21.00
Offer Shares (mm) 60.5
Deal Size ($mm) $1,210
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Las Vegas, NV
Founded 2016
Employees 140
Website www.viciproperties.com