Quick Read
-
VICI and <a href="https://comicvibe.com/razer-has-launched-two-new-immersive-gaming-chairs/” title=”Razer Has Launched Two New Immersive Gaming Chairs”>Gaming and Leisure Properties collect casino rent from Caesars, MGM, PENN and Bally’s, yielding about 7% and 8% respectively under long-term triple-net leases.
-
EPR Properties leans on theaters for 34% of rent, so a weak movie slate would hit its monthly dividend first.
-
VICI took a $458 million non-cash credit-loss charge, $313 million tied to Caesars after Moody’s downgrade, underscoring tenant concentration risk.
Spending at casinos such as Caesars Palace and at suburban multiplexes partly flows to the landlords that own those properties. The landlords here are real estate trusts (REITs). These companies own property, collect rent, and must pay out at least 90% of taxable income to shareholders. That payout rule is the main reason their yields run high.
All three of these REITs use long-term triple-net leases. Under a triple-net lease, the tenant signs on for decades and covers taxes, insurance, and maintenance on top of the rent, so the landlord takes on few of the property’s running costs. Investing $30,000 in each one, or $90,000 in total, would produce about $6,638 a year in dividends based on the Nov. 12, 2026 closing prices. The three are listed below from the lowest forward yield to the highest.
EPR Properties
-
Stock #3: EPR Properties (NYSE:EPR)
-
Annual Passive Income: ~$1,895
EPR owns places where people spend their free time. Its portfolio includes 148 theaters, 62 eat-and-play venues, Six Flags parks, ski resorts, and fitness clubs. Topgolf is its largest tenant at 14.5% of annualized base rent. AMC follows at 14.2% and Regal at 10.2%. Theaters account for 34% of rent, and management plans to reduce that share.
EPR pays its dividend monthly, and it has held at $0.31 per share, or $3.72 a year, since rising from $0.295 earlier in 2026. EPR suspended its dividend during the pandemic. Payments stopped after April 2020 and resumed in July 2021 at $0.25 a month. The payout looks well covered today.
Learn 7 Ways To Generate Income With A $1,000,000+ Portfolio
If you’ve saved over $1,000,000, this guide is for you. The last thing you want in retirement is to run out of money, you want your money to generate lasting income while you enjoy your life.
Now you can learn the strategies wealthy retirees use to fund their retirement with The Definitive Guide to Retirement Income from Fisher Investments. Download the guide today! (sponsor)
