VICI Properties Inc. $VICI (-0,32%) announced yesterday that its subsidiary, VICI Properties L.P. (the "Issuer"), has completed its public offering of USD 750 million aggregate principal amount of 5.125% senior unsecured notes due 2031 (the "Notes"). The Notes were issued at 99.643% of the principal amount and will mature on November 15, 2031.

The Issuer intends to use the net proceeds from the offering to redeem its outstanding 3.500% Senior Notes due 2025 in the aggregate principal amount of USD 750 million.

Homer Simpson is at the "game of chance" again 😂👍

PS. Built up the position over the last few weeks 😊

VICI $VICI (-0,32%) concludes agreement with Indigenous gaming partners through PURE Canadian Gaming

VICI Properties Inc. announced today that in connection with the acquisition of the operating assets of PURE Canadian Gaming Corp. by an affiliate of IGP, it has entered into an amendment to the master lease agreement with PURE and agreed to the assignment to an affiliate of Indigenous Gaming Partners Inc. ("IGP").

IGP is a partnership of five institutional First Nations formed to acquire gaming assets in North America. IGP has partnered with Sonco Gaming, one of Canada's most experienced casino developers and managers, who will assist in the sourcing and execution of casino gaming investments as well as management oversight of the IGP portfolio.

Danny Valoy, Vice President of Business Development and Acquisitions, said, "This transaction demonstrates VICI's ability to work with existing partners while building new relationships with highly experienced operators and First Nations in international jurisdictions. We are pleased to welcome IGP as a new partner and we look forward to expanding our relationship with IGP and Sonco as they pursue additional growth opportunities in the future."

Anthony Novac, CEO of Sonco, said: "We look forward to working with VICI, an established partner in providing financial solutions to the gaming industry. We believe that having a partner like VICI gives us a competitive advantage as we look for growth opportunities in the Canadian market."

In connection with the closing of the amendment to PURE's Canadian master lease, VICI received a five-year right of first offer ("ROFO") for future sale and leaseback transactions. Any additional properties acquired pursuant to the ROFO will be included in the master lease.

VICI Properties
$VICI (-0,32%) Unit prices bond issue in the amount of 750 million US dollars

VICI Properties announced late Monday evening that its VICI Properties LP unit has priced a US$750 million public offering of 5.125% senior unsecured notes due November 15, 2031, at 99.643% of par.

The company expects the offering to close on December 19 and plans to use the net proceeds to, among other things, redeem its outstanding US$750 million 3.5% senior notes due 2025.

Veni vidi vici, Moody's upgrades the credit rating of VICI Properties $VICI (-0,32%) to Baa3.

VICI Properties Inc. announces that it has received an issuer credit rating upgrade from Ba1 to Baa3 with a stable outlook from Moody's Investors Service, Inc. This is encouraging as with an investment grade credit rating, VICI has better access to capital at favorable costs and can choose to make value-add investments. The geographically diversified portfolio, consistent operating cash flows, solid liquidity position and strategic financial decisions of this experienced REIT were the reason for the rating agency's upward revision of the rating outlook.

David Kieske, CFO of VICI Properties, explains: "We have used every single transaction to improve our balance sheet and best position ourselves for a credit rating upgrade."

Conclusion:

Will be further expanded 💪

Will Vici Properties $VICI (-0,32%) to the Bahamas next ?!?

The rumors that the Real Estate Investment Trust, which was spun off from Caesars Entertainment in 2017, may be interested in investing in Atlantis stem from the Central Bank of the Bahamas' latest quarterly report on economic and financial developments.

The bank's "Selected New Foreign Investment Projects" summary listed Vici and Atlantis owner Brookfield Asset Management $BAM (-0,25%) were listed as recently approved foreign companies for further investment in The Bahamas via New Providence.

Reports surfaced both in 2019 and last year that Brookfield was looking to sell Atlantis for around $2.5 billion. However, a takeover never materialized. Now Brookfield appears to have found a partner to invest in either ownership and/or expansion of the ocean-themed hotel.

The aforementioned 382 million dollar project could be a rejuvenation of a project that Atlantis 2022 launched in partnership with David Grutman of Groot Hospitality and music producer Pharrell Williams. The 400-room hotel called "Somewhere Else" was to be built near The Coral. However, the ground-breaking ceremony for the project never took place.

Vici might as well just buy a piece of Atlantis with its $382 million presentation, which was approved by the Central Bank of the Bahamas in September. Requests for comment from Vici, Brookfield and Atlantis have so far gone unanswered.

So and a little tidying up again... But without additional purchases... I don't really know where it's worthwhile right now. I'll end up putting everything into an ETF :D The state coffers will be happy - but I'm happy to do something for the non-existent government ;)

Out are:

$VICI (-0,32%) and $O (+1,22%) half each

$CVX (+0,4%) - bought a week before the election

$TSLA (-4,58%) - bought a week before the election

$SFM (-2,81%) - Thank you @Simpson for the great share. I had seen it at some point in your SparplanDepot and saw how well it was doing, so I got in at some point.

$VICI (-0,32%) raises dividend by 4.2% to 1.73$ per year

Revenue: 964.7M vs 955M expected (Beat)🟢

Net income: 733M vs 700M expected (beat) 🟢

The important key figure AFFO has received a guidance update:

AFFO: 2.365B vs 2.36B prior🟢

I will dissolve my $VICI (-0,32%) position and reinvest in $OTIS (+0,63%) reinvest.

The primary reason for this is that I do not want to be so strongly influenced by the development of interest rates in the future. In other words, I no longer believe that REIts will yield a premium that would justify exposure to these risks.

The second reason is that I want to weed out companies that I bought primarily as "safe" dividend payers. Especially the companies that can offer less shareholder value. I now have a separate portfolio for my high yield stocks.

The last reason is that mMn. OTIS has one of the strongest MOATs of all. In the long term, more and more has to be built and before I replace the elevator or escalator, I have them repaired. They also have to be repaired to maintain safety standards.

How do you see REITs?