VICI Properties (VICI) Expands Hospitality Portfolio with Club Med Resort Investment

VICI Properties Inc. (NYSE:VICI) ranks among the best sin stocks to buy for recession protection. On June 15, VICI Properties Inc. (NYSE:VICI) secured the Carambola Beach Resort in St. Croix, U.S. Virgin Islands, for refurbishment into a Club Med resort, marking the company’s comeback into US territory. VICI Properties Inc. (NYSE:VICI) will fund the total renovation of the 150-key facility as part of the joint venture deal, while Club Med will sign a long-term triple-net contract.

Meanwhile, on May 12, Scotiabank boosted its price objective for VICI Properties Inc. (NYSE:VICI) from $30 to $32, maintaining a Sector Perform rating on the stock.

The first-quarter earnings in the net lease REIT industry were marked by higher AFFO and investment projections throughout the firm’s coverage, with several REITs offering forward equity either during or after the quarter to meet year-end funding requirements. In that regard, VICI’s AFFO increased 5.7% to $650.9 million from $616.0 million in Q1 2025.

VICI Properties Inc. (NYSE:VICI) is a real estate investment trust focused on owning and acquiring gaming, hospitality, wellness, entertainment, and leisure properties that operate under long-term triple net leases.

While we acknowledge the risk and potential of VICI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VICI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1