Vici Properties is a differentiated REIT focused on gaming and experiential real estate, delivering robust AFFO growth and reliable dividends. Despite a 16% 5-year share price decline, VICI's annualized total returns are attractive for income-focused investors, especially if share price erosion is disregarded. VICI's long-term, triple-net leases with iconic tenants like Caesars and MGM ensure 100% occupancy and strong cash flow visibility, supporting continued dividend growth.