The company is funding up to $700 million in reinvestment projects at the Venetian Resort, with $400 million already funded. This investment is expected to improve the guest experience and enhance the value of the property, contributing to future revenue growth.

The company originated $365 million in real estate debt investments YTD, including mezzanine and senior secured loans. These investments provide additional revenue streams and diversify the company's asset base.

The company has an at-the-market offering program in place, through which it may sell up to $2.0 billion of its common stock. This program provides flexibility in raising capital to fund future growth initiatives.

The company actively manages capital expenditure requirements with tenants, ensuring properties are well-maintained and improved. This proactive approach supports long-term asset value and tenant satisfaction.

The company has successfully utilized its ATM program to raise capital, demonstrating effective management of its capital structure and funding needs. This provides financial flexibility for future growth initiatives.

The company actively manages its debt portfolio, including refinancing and utilizing interest rate swaps. This proactive approach helps to mitigate interest rate risk and optimize the company's capital structure.

MGM and Caesars continue to represent a significant portion of lease revenues (38% and 36% respectively). This concentration exposes the company to potential financial distress or non-payment by these key tenants.

Properties on the Las Vegas Strip generated approximately 48% of lease revenues. A downturn in the Las Vegas market could significantly impact the company's financial performance.

The company acknowledges the impact of macroeconomic volatility and the heightened interest rate environment. These factors could adversely affect tenants' ability to meet their obligations and impact the company's ability to refinance debt at attractive rates.

The company maintains strong relationships with leading gaming and entertainment operators, which enhances its competitive position and provides access to high-quality assets.

The company's diversification into other experiential sectors, such as golf courses and entertainment centers, mitigates risks associated with the gaming industry and provides a broader revenue base.

The company actively manages its asset portfolio through capital improvements and strategic investments, ensuring properties remain competitive and attractive to tenants.

The company's triple-net lease structure minimizes operational expenses, as tenants are responsible for property taxes, insurance, and maintenance. This efficient structure contributes to stable and predictable cash flows.

The company actively manages its debt portfolio through refinancing and utilizing interest rate swaps, optimizing its capital structure and mitigating interest rate risk.

General and administrative expenses increased $2.0 million for the quarter and $4.1 million for the nine months ended September 30, 2024, respectively. The increase was primarily driven by an increase in compensation, including stock-based compensation and the addition of new employees.

The company's focus on experiential assets, such as gaming and entertainment destinations, positions it to benefit from evolving consumer preferences and technological advancements in these sectors.

The company actively monitors technology trends in the gaming and hospitality industries to identify opportunities for innovation and efficiency improvements at its properties.

The company's tenants are responsible for implementing technological innovations at their properties, ensuring properties remain competitive and attractive to guests.

The company strategically allocates capital to acquisitions, property improvements, and debt management, supporting long-term growth and value creation for shareholders.

The company's ATM offering program provides flexibility in raising capital to fund future growth initiatives, allowing it to capitalize on attractive investment opportunities.

The company maintains a disciplined approach to debt management, actively managing its debt portfolio and utilizing interest rate swaps to optimize its capital structure and mitigate risk.

The company's tenants are responsible for implementing environmental sustainability initiatives at their properties, aligning with broader ESG goals.

The company maintains strong governance practices and risk management procedures, ensuring responsible and sustainable operations.

The company is monitoring climate-related risks and evaluating the impact of new climate disclosure rules, demonstrating a commitment to environmental responsibility.

The company acknowledges the impact of macroeconomic volatility and the heightened interest rate environment, but remains focused on long-term growth and value creation.

The company's focus on gaming and experiential assets positions it to benefit from evolving consumer preferences and growth opportunities in these sectors.

The company operates in a highly regulated industry and must maintain compliance with gaming and other regulatory requirements, which presents ongoing challenges.