VICI Properties Inc. to Be Added to the MSCI U.S. REIT Index
LAS VEGAS--(BUSINESS WIRE)--May 16, 2018--VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or the “Company”), an experiential-asset real estate investment trust (REIT), announced today that it will be added to the MSCI U.S. REIT Index (RMZ), effective as of the close of the market on May 31, 2018.
The RMZ is a free float-adjusted market capitalization weighted index that is comprised of equity REITs. The index represents about 99% of the U.S. REIT universe and securities are classified under the Equity REITs Industry (under the Real Estate Sector) according to the Global Industry Classification Standard (GICS), have core real estate exposure and carry REIT tax status.
Ed Pitoniak, Chief Executive Officer of the Company, stated, “We are pleased to be joining the MSCI U.S. REIT Index so quickly after our IPO this past February. Inclusion in the RMZ is another important milestone for VICI Properties as we continue to build the next great American REIT through our investment in experiential real estate.”
About VICI Properties
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties’ national, geographically diverse portfolio consists of 20 gaming facilities comprising over 36 million square feet and features approximately 14,500 hotel rooms and more than 150 restaurants, bars and nightclubs. Its properties are leased to leading brands such as Caesars, Horseshoe, Harrah’s and Bally’s, which prioritize customer loyalty and value through great service, superior products and constant innovation. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio. For additional information, please visit www.viciproperties.com.
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CONTACT: Investor Contacts:
Phil Denning and Jason Chudoba
Phil.Denning@icrinc.com, (646) 277-1258
Jason.Chudoba@icrinc.com, (646) 277-1249
KEYWORD: UNITED STATES NORTH AMERICA NEVADA
INDUSTRY KEYWORD: ENTERTAINMENT CASINO/GAMING TRAVEL LODGING PROFESSIONAL SERVICES REIT FINANCE CONSTRUCTION & PROPERTY
SOURCE: VICI Properties Inc.
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PUB: 05/16/2018 08:00 AM/DISC: 05/16/2018 08:01 AM