The gaming property sector offers unique advantages over the retail sector, including high occupancy rates and strong negotiating positions. VICI Properties and Gaming and Leisure Properties are major players in the gaming property sector with outstanding business metrics and favorable investment spreads. Both REITs offer attractive dividends, sustainable business metrics, and potential for multiple appreciation, making them worth considering for a portfolio.

Times of higher uncertainty and elevated market volatility can provide investors with excellent opportunities to start building a dividend portfolio. The dividend portfolio I will present in today's article provides investors with broad diversification across sectors, with no sector accounting for more than 18% of the overall portfolio. This dividend portfolio delivers a Weighted Average Dividend Yield [TTM] of 3.90% and a 5-year Weighted Average Dividend Growth Rate of 8.69%.

High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REITs. Seeking Alpha Premium offers a Dividend Safety grade for REITs. A grade of B- or better indicates a mere 1 in 50 risk of a dividend cut.

VICI Properties remains a top REIT pick with iconic properties and solid fundamentals, while offering a nice dividend yield above 5%. Their recent Q2 earnings showed strong growth in revenue, FFO, and AFFO, positioning VICI as a solid long-term investment. This allowed VICI to raise their full-year guidance. Their strong liquidity, and well-covered dividend make VICI Properties a buy, despite potential risks like economic downturns.

The unemployment rate jumped to 4.3%, the highest in almost three years, signaling a potential recession according to Sahm Rule. Markets were surprised by poor nonfarm payroll numbers, pushing for a significant Fed rate cut. 3 REITs - VICI Properties, Rexford Industrial Realty, and American Tower - show strong performances and growth potential amid economic uncertainty.

Vici Properties delivered solid earnings growth in the second quarter. The REIT continues to find opportunities to expand its real estate investment portfolio.

The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for significant external growth, boosting cash flow and dividends per share. Many companies spent the past cycle shoring up their balance sheets to record low leverage and maintaining a low dividend payout to enhance flexibility.

VICI Properties Inc (NYSE:VICI ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Samantha Gallagher - Executive VP, General Counsel & Secretary Ed Pitoniak - CEO & Director John Payne - President & COO David Kieske - Executive VP, CFO & Treasurer Gabe Wasserman - Senior VP, Chief Accounting Officer & MD of V.E.C.S. Conference Call Participants Caitlin Burrows - Goldman Sachs Barry Jonas - Truist Securities Wes Golladay - Baird John DeCree - CBR Nick Joseph - Citi Ravi Vaidya - Mizuho David Katz - Jefferies Michael Herring - Green Street Jim Kammert - Evercore John Kilichowski - Wells Fargo R.J.

Although the revenue and EPS for VICI Properties (VICI) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

VICI Properties Inc. (VICI) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.54 per share a year ago.

After a near-two-year bull market, we may be nearing the end. The Federal Reserve is still whistling past the graveyard of a recession, hoping to bring the economy in for a soft landing.

VICI Properties' (VICI) Q2 earnings are likely to reflect the company's accretive expansion moves and the benefits of owning a high-quality portfolio with a diverse revenue base.