1 Crucial Factor Driving This 5.3%-Yielding Dividend Stock's Unstoppable Growth

Core Viewpoint - Vici Properties has experienced significant growth since its formation in 2017, expanding its portfolio from 20 casino properties to 93 experiential real estate assets leased to 13 tenants, indicating a strong trajectory in the real estate investment trust (REIT) sector [1]. Investment Strategy - The company has a diversified portfolio that includes real estate-backed loans with leading experiential operators, allowing it to increase its dividend yield of 5.3% annually since inception [2]. - Vici Properties has established strategic relationships with high-quality operators, which are crucial for its ongoing investment opportunities [3]. Recent Investments - In the previous year, Vici committed to investing $1.1 billion across three deals with an attractive initial yield of 8.1$105 million for the development of a Margaritaville Resort, with rights to purchase properties in sale-leaseback transactions [4]. New Ventures - Vici Properties initiated a new strategic relationship with Cain International and Eldridge Industries, providing a $300 million mezzanine loan for the One Beverly Hills development, showcasing its focus on long-term partnerships [5][6]. - The REIT's growing list of partnerships, including a recent$432.9 million transaction with Lucky Strike, positions it for additional growth opportunities [6]. Notable Partnerships - The Venetian Resort was acquired for $4 billion in 2021, with a follow-on investment of up to$700 million for renovations, yielding a 7.25% return [7]. - The partnership with Great Wolf has expanded to include a $250 million mezzanine loan, with over$720 million committed to the company [7]. Broader Partnership Approach - Vici Properties aims to partner with operators of its properties, sharing in their success and creating new investment opportunities, which supports its strategy of increasing dividends and providing passive income [9].