Gaming REITs concentrate on owning experiential real estate assets in the form of casino and entertainment properties, and leasing them through long-term, triple net lease structures.
Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas, all iconic entertainment facilities on the Las Vegas Strip, are housed in REIT owned properties, as are certain Ameristar-, Bally’s-, Hollywood-, Isle-, and Tropicana-branded casinos across the U.S. (among others). Gaming REITs casino properties include hotel rooms, restaurants, bars, and nightclubs.
Overview
10/31/2024, Source: FTSE
Number of REITs
2
Dividend Yield
5.62%
YTD Total Return
4.69%
October Total Return
-4.04%
2023 Total Return
Quarterly Data
Source: Nareit T-Tracker
| Q2 2024 | 2024 | |
|---|---|---|
| FFO ($M) | $1,020 | $1,855 |
| NOI ($M) | $326 | $648 |
| Dividends paid ($M) | $653 | $1,309 |