We engage with stakeholders across our business profile, portfolio, and operations on an ongoing basis, with our engagement tailored to each group. Stakeholders are also encouraged to engage with the Company directly through outreach to our public contact points. As a growth-oriented REIT and real estate owner, comprehensive and effective stakeholder engagement is core to our business and our continued success. We rely on our key stakeholders in various respects to accomplish our strategic goals, including the following examples. 

• As a REIT, we place a high degree of importance on our robust outreach and the continued engagement and support of our stockholders, as well as our lenders and bondholders, to maintain access to the capital markets to accretively fund larger scale acquisitions and investments. 
• As a triple-net real estate lessor, our tenants are vitally important to the maintenance and continued investment into our real estate assets during the course of their tenancy and the continued operation of their businesses in a manner that grows the long-term value and viability of the real estate. 
• As an employer, we are reliant on each of our employees to perform their respective responsibilities to the best of their ability, to identify opportunities to improve our organization and expand their roles, and ultimately to contribute to the pursuit and achievement of our strategic goals. 
• We also engage with our vendors, suppliers, and service partners to support and leverage the capabilities of our employees and to provide independent and informed advice on key subject matter areas. 

For additional information on our stakeholder groups and engagement, refer to our most recent Corporate Responsibility Report.

Stakeholder Materiality Assessments

Although we engage with various stakeholder groups in the ordinary course, we have determined that formal materiality assessments provide an opportunity to engage with our stakeholders to reevaluate our strategic priorities and gain a better understanding of the relative significance of these topics to various groups. Stakeholder materiality assessments are a cornerstone of our Corporate Responsibility program, providing a structured means to identify the topics most significant to our stakeholders and track how those priorities shift over time. These assessments inform our sustainability and governance strategy and integration across our business and investment activities. Recognizing that these perspectives and priorities continue to evolve, we refresh our materiality assessment every three years.

The materiality assessment process is overseen by the Corporate Responsibility Committee, including its executive leadership representatives, and the outcomes are reported to and endorsed by the Nominating and Governance Committee of the Board of Directors. As an element of the process, the results of the materiality assessment are incorporated into the Company’s enterprise risk assessment, which is performed annually. In particular, the materiality assessment provides a relative weighting for the impact axis of the risk, which is incorporated with an assessment of the likelihood of the potential risk being realized. Building on our initial assessment completed in 2023, we advanced our approach in 2026 by transitioning to a double materiality framework, enabling an additional layer of analysis of VICI’s sustainability risks and opportunities. This lens allows us to evaluate both the financial impacts that corporate responsibility topics may have on our business and the ways in which VICI’s management of those topics affects the world and the people connected to it.

For additional information on our stakeholder double materiality assessment and incorporation into our broader risk framework, refer to our most recent Corporate Responsibility Report.

Last updated: September 23, 2026