VICI Properties Management

Management criteria checks 3/4

VICI Properties' CEO is Ed Pitoniak, appointed in Oct 2017, has a tenure of 6.58 years. total yearly compensation is $11.28M, comprised of 8.9% salary and 91.1% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €31.42M. The average tenure of the management team and the board of directors is 5.9 years and 6.6 years respectively.

Key information

Ed Pitoniak

Chief executive officer

US$11.3m

Total compensation

CEO salary percentage	8.9%
CEO tenure	6.6yrs
CEO ownership	0.1%
Management average tenure	5.9yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ed Pitoniak's remuneration changed compared to VICI Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$3b
Dec 31 2023	US$11m	US$1m	US$3b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$12m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$795m
Jun 30 2022	n/a	n/a	US$626m
Mar 31 2022	n/a	n/a	US$984m
Dec 31 2021	US$8m	US$900k	US$1b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$7m	US$875k	US$892m
Sep 30 2020	n/a	n/a	US$702m
Jun 30 2020	n/a	n/a	US$448m
Mar 31 2020	n/a	n/a	US$371m
Dec 31 2019	US$6m	US$765k	US$546m
Sep 30 2019	n/a	n/a	US$590m
Jun 30 2019	n/a	n/a	US$575m
Mar 31 2019	n/a	n/a	US$562m
Dec 31 2018	US$4m	US$725k	US$524m
Sep 30 2018	n/a	n/a	US$424m
Jun 30 2018	n/a	n/a	US$294m
Mar 31 2018	n/a	n/a	US$155m
Dec 31 2017	US$2m	US$170k	US$43m

Compensation vs Market: Ed's total compensation ($USD11.28M) is above average for companies of similar size in the German market ($USD5.31M).

Compensation vs Earnings: Ed's compensation has been consistent with company performance over the past year.

CEO

Ed Pitoniak (67 yo)

6.6yrs

Tenure

US$11,277,678

Compensation

Mr. Edward Baltazar Pitoniak, also known as Ed, has been the Chief Executive Officer and a Director of VICI Properties Inc. since October 6, 2017. Mr. Pitoniak served as Vice Chairman of Realterm, a privat...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Edward Pitoniak	CEO & Director	6.6yrs	US$11.28m	0.11% $ 31.4m
John W. Payne	President & COO	6.6yrs	US$5.42m	0.038% $ 10.7m
David Kieske	Executive VP	6.3yrs	US$4.45m	0.032% $ 9.1m
Samantha Gallagher	Executive VP	5.9yrs	US$3.47m	0.029% $ 8.2m
Kellan Florio	Senior VP & Chief Investment Officer	2yrs	no data	no data
Gabriel Wasserman	Senior VP	5.9yrs	no data	0.0044% $ 1.2m
Jeremy Waxman	Vice President of Accounting & Administration	less than a year	no data	no data
Jacques Cornet	Investor Relations of ICR Inc.	no data	no data	no data
Amanda Schumer	Director of People	less than a year	no data	no data
Moira McCloskey	Senior Vice President of Capital Markets	2yrs	no data	no data
Vishal Parikh	VP & Controller	no data	no data	no data

5.9yrs

Average Tenure

52yo

Average Age

Experienced Management: 1KN's management team is seasoned and experienced (5.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Edward Pitoniak	CEO & Director	6.6yrs	US$11.28m	0.11% $ 31.4m
Michael Rumbolz	Independent Director	6.6yrs	US$295.00k	0.0078% $ 2.2m
Craig Macnab	Independent Director	6.6yrs	US$320.00k	0.0062% $ 1.8m
James Abrahamson	Independent Chair of the Board	6.6yrs	US$395.00k	0.015% $ 4.4m
Diana Cantor	Independent Director	6yrs	US$325.00k	0.0047% $ 1.3m
Elizabeth Holland	Independent Director	6.3yrs	US$315.00k	0.0049% $ 1.4m
Monica Douglas	Independent Director	4.3yrs	US$285.00k	0.0032% $ 893.1k

6.6yrs

Average Tenure

67yo

Average Age

Experienced Board: 1KN's board of directors are considered experienced (6.6 years average tenure).

VICI Properties Management

Management criteria checks 3/4

Key information

Recent management updates

VICI Properties Inc., Annual General Meeting, Apr 30, 2024

VICI Properties Inc., Annual General Meeting, Apr 30, 2024

Insufficient new directors

Vici Properties Inc. Announces Executive Appointment

Insufficient new directors

Independent Director recently bought €92k worth of stock

Recent updates

VICI Properties Inc. has filed a Follow-on Equity Offering in the amount of $2 billion.

VICI Properties Inc. to Report Q1, 2024 Results on May 01, 2024

VICI Properties Inc., Annual General Meeting, Apr 30, 2024

VICI Properties Inc., Annual General Meeting, Apr 30, 2024

Upcoming dividend of US$0.41 per share

Fourth quarter dividend of US$0.41 announced

VICI Properties Inc. Declares Regular Quarterly Cash Dividend for the Period from January 1, 2024 to March 31, 2024, Payable on April 4, 2024

VICI Properties Inc. to Report Q4, 2023 Results on Feb 22, 2024

Upcoming dividend of US$0.41 per share at 5.4% yield

VICI Properties Inc. Declares Regular Quarterly Dividend for the Period from October 1, 2023 to December 31, 2023, Payable on January 4, 2024

VICI Properties Inc. (NYSE:VICI) acquired Land and real estate assets of 38 Bowling Entertainment Centers from Bowlero Corp. for approximately $430 million.

VICI Properties Inc. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$0.41 per share at 5.3% yield

VICI Properties Inc. Increases Regular Quarterly Dividend, Payable on October 5, 2023

VICI Properties Inc. to Report Q2, 2023 Results on Jul 26, 2023

Upcoming dividend of US$0.39 per share at 4.8% yield

VICI Properties Inc. (NYSE:VICI) entered into a definitive agreement to acquire Four Properties in Alberta, Canada from Century Resorts Alberta Inc., Century Casino St. Albert Inc, Century Mile Racetrack and Casino and United Horsemen of Alberta Inc. for approximately CAD 220 million.

Upcoming dividend of US$0.39 per share at 4.8% yield

VICI Properties Inc. has completed a Follow-on Equity Offering in the amount of $869.55 million.

VICI Properties Inc. (NYSE:VICI) acquired PURE Portfolio in Alberta from Pure Canadian Gaming Corp. for approximately CAD 280 million.

VICI Properties Inc. (NYSE:VICI) completed the acquisition of remaining 49.9% stake in MGM Grand Las Vegas and Mandalay Bay Resort from Blackstone Real Estate Income Trust, Inc.

VICI Properties Inc. to Report Fiscal Year 2022 Results on Feb 23, 2023

VICI Properties Inc. acquired Casino Vicksburg, LLC from Foundation Gaming & Entertainment, LLC.

Upcoming dividend of US$0.39 per share

VICI Properties Inc. Declares Regular Quarterly Cash Dividend for the Period from October 1, 2022 to December 31, 2022, Payable on January 5, 2023

VICI Properties Inc. (NYSE:VICI) entered into a definitive agreement to acquire remaining 49.9% stake in MGM Grand Las Vegas and Mandalay Bay Resort from Blackstone Real Estate Income Trust, Inc. for $4.3 billion.

Insufficient new directors

VICI Properties Inc. to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.39 per share

VICI Properties Inc. Declares Regular Quarterly Cash Dividend for the Period from July 1, 2022 to September 30, 2022, Payable on October 6, 2022

VICI Properties Inc. to Report Q2, 2022 Results on Jul 27, 2022

Upcoming dividend of US$0.36 per share

VICI Properties Inc. Declares Regular Quarterly Cash Dividend for the Period from April 1, 2022 to June 30, 2022, Payable on July 7, 2022

Vici Properties Inc. Announces Executive Appointment

Insufficient new directors

VICI Properties Inc. to Report Q1, 2022 Results on May 04, 2022

Upcoming dividend of US$0.36 per share

Upcoming dividend of US$0.36 per share

Independent Director recently bought €92k worth of stock

VICI Properties Inc., Annual General Meeting, Apr 27, 2022

Upcoming dividend of US$0.36 per share

President & COO recently bought €224k worth of stock

Executive VP recently bought €86k worth of stock

Independent Chair of the Board recently bought €195k worth of stock

Upcoming dividend of US$0.36 per share

VICI Properties Inc. has completed a Follow-on Equity Offering in the amount of $1.475 billion.

Second quarter 2021 earnings released: EPS US$0.56 (vs US$0.47 in 2Q 2020)

Upcoming dividend of US$0.33 per share

First quarter 2021 earnings released: EPS US$0.50 (vs US$0.052 loss in 1Q 2020)

Independent Chair of the Board recently bought €314k worth of stock

Upcoming Dividend of US$0.33 Per Share

VICI Properties Inc., Annual General Meeting, Apr 28, 2021

VICI Properties Inc. Declares Regular Quarterly Dividend, Payable on April 8, 2021

New 90-day high: €23.00

Full year 2020 earnings released: FFO US$1.76 per share (vs US$1.26 in FY 2019)

Revenue beats expectations

VICI Properties Inc. to Report Q4, 2020 Results on Feb 18, 2021

Twin River Management Group, Inc. completed the acquisition of real property of Bally's Park Place Inc. from VICI Properties Inc. (NYSE:VICI).

Independent Chair of the Board recently bought €103k worth of stock

New 90-day high: €22.00

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

VICI Properties Inc. to Report Q3, 2020 Results on Oct 28, 2020

CAI Investments LLC completed the acquisition of Harrah's Reno Hotel & Casino from Caesars Entertainment Corporation (NasdaqGS:CZR) and VICI Properties Inc. (NYSE:VICI).

Independent Chair of the Board recently bought €212k worth of stock

New 90-day high - €20.60

Rubico Acquisition Corp. entered into an agreement to acquire Harrah's Louisiana Downs Casino, Racing & Entertainment from Caesars Entertainment, Inc. (NasdaqGS:CZR) and VICI Properties Inc. (NYSE:VICI) for $22 million.

VICI Properties Inc. to Report Q2, 2020 Results on Jul 29, 2020

CEO Compensation Analysis