1. VICI released its 2024-2025 Corporate Responsibility Report today. 2. The report aligns with multiple sustainability and governance frameworks. 3. CEO Ed Pitoniak emphasizes commitment to stakeholder value creation. 4. VICI owns a large portfolio of experiential properties across North America. 5. The company focuses on operational, social, and environmental responsibility.
Sustainable initiatives may improve investor perception and long-term value, similar to prior sustainability integrations in real estate.
The focus on corporate responsibility can enhance VICI’s reputation and attract investment, impacting long-term stock performance significantly.
Ongoing commitment to sustainability can solidify VICI's market position, attracting socially responsible investors over time.
VICI Properties Inc. (NYSE:VICI) ("VICI Properties", "VICI" or the "Company") an experiential real estate investment trust, today released its 2024-2025 Corporate Responsibility Report which highlights VICI's corporate responsibility initiatives, key developments, and progress over the past twelve months. VICI's 2024-2025 Corporate Responsibility Report includes information in alignment with certain external frameworks, including the Sustainability Accounting Standards Board (SASB) – Real Estate Standard, the Task Force on Climate-related Financial Disclosures (TCFD) guidelines, the UN Sustainable Development Goals (UN SDGs), and for the first time, in reference to the Global Reporting Initiative (GRI) standards.
Ed Pitoniak, Chief Executive Officer of VICI Properties, said, "We are proud to present this year's Corporate Responsibility Report, which reflects VICI's progress across our three pillars of Operational Responsibility, Social Responsibility, and Environmental Responsibility. As we approach our ninth year as a public company, we endeavor to continue driving long-term stockholder value creation while maturing and enhancing our organization through the lens of these three pillars and our accompanying initiatives and priorities."
VICI's 2024-2025 Corporate Responsibility Report is available on the Company's website in the "Corporate Responsibility" section, or please visit https://viciproperties.com/corporate-responsibility/.
About VICI Properties
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 operators in other experiential sectors, including Cabot, Cain International, 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. For additional information, please visit www.viciproperties.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words "assumes," "believes," "estimates," "expects," "guidance," "intends," "plans," "projects," "will," and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond VICI's control and could materially affect actual results, performance, or achievements. Important risk factors that may affect VICI's business, results of operations and financial position are detailed from time to time in VICI's filings with the Securities and Exchange Commission. VICI does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.
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Press Release Category: Corporate Responsibility
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Investor Contacts:
Investors@viciproperties.com
(646) 949-4631
Or
Cameron Lewis
VP, Associate General Counsel
CorpResponsibility@viciproperties.com