VICI Properties offers strong dividends and reduced tenant risk after Caesars buyout moves.

VICI Properties provides a high dividend yield of 6.84%, well covered by its adjusted funds from operations (AFFO) with a coverage ratio of 1.36. The recent Caesars Entertainment buyout may lead to property sales and new leasebacks, which could lower VICI's tenant concentration risk. Most of VICI's debt is fixed-rate with long maturities, protecting it from rising interest rates. Trading at a 30-40% discount to sector multiples, VICI also sits at a key technical support level, making it attractive for income-focused investors.