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As the COVID-19 pandemic wanes, you can always count on a natural human response to being cooped up for too long: getting out and partying. Even though we're in a "new world order" of high gas prices impacting the cost of travel, people remain reliably stubborn and want to have fun.

Anytime you can rely on the habits of consumers, there's an opportunity for profit, which brings me to the picks I have for you today.

I've talked about real estate investment trusts (REITs) and their track record against the rest of the stock market before - they basically destroyed the S&P 500 in 2021 and remain one of my favorite classes of investment.

But the current moment has put a particular class of REITs in the spotlight and primed them for excellent returns even compared to their peers.

I'm talking about casinos.

Casino REITs are among the highest-yielding sectors in this particular class of assets, and I expect that to keep being the case despite all the chaos we're seeing.

Why? Because they're what we call "triple net REITs," meaning the tenants are responsible for maintenance, taxes, and insurance. The cash that the REIT collects is all income, minus expenses. All the leases are very long-term and contain rent escalators that keep cash flows increasing at a reasonable rate.

Moreover, these stocks have proven themselves to be resistant to the pummeling the rest of the stock market is taking, but nevertheless are still sitting at a solid entry point for investors.

The bottom line is, they're just damn reliable - continuing to provide consistent dividend payouts quarter after quarter.

Now's the time to get in on these before they make another run higher, and I'll tell you why...

This Operation Puts 5% Cash Back in Your Pocket

For several years now, VICI Properties Inc. (NYSE: VICI) has been my favorite casino REIT. It currently owns 27 gaming facilities comprising over 46 million square feet, which collectively feature approximately 17,800 hotel rooms and more than 200 restaurants, bars, nightclubs, and sportsbooks. The properties include such well-known hospitality brands as Caesars Entertainment Inc. (NASDAQ: CZR) and Century Casinos Inc. (NASDAQ: CNTY).

VICI also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.

Thanks to its aggressive acquisition strategy, its real estate portfolio is still growing. For example, in 2021, it announced deals to buy MGM Growth Properties LLC (NYSE: MGP), which holds all 15 of the properties managed by MGM Resorts International in Las Vegas.

When this deal closes, it will make VICI the king of Sin City landlords. The deal will add seven leading casinos to its existing holdings of Caesar's Palace and Harrah's. Add in their planned acquisition of the Venetian, the largest hotel in Vegas, and it will have a dominant, and uncontested, stake in the market.

Outside of the City of Second Chances, it also has an extensive portfolio of regional gaming parlors. After the two latest deals close this year, 55% of rents will come from markets outside Las Vegas.

VICI's average lease lasts over 40 years until it expires, and the rent escalator is 1.8% annually. And none of their world-class tenants missed a single rent payment during the pandemic, giving investors some of the most consistent, steadiest growing cash flows anywhere.

And finally, VICI Properties shares are yielding around 5%. The stock is incredibly undervalued at around $29 as of this writing, so there's substantial upside potential to go along with its market share growth.

This REIT Offers High Yield for a Discounted Price

I also like Gaming and Leisure Properties Inc. (NASDAQ: GLPI) shares at the current price. It owns 51 hotels and casinos in 17 states, with tenants including well-known industry operators like Penn National Gaming Inc. (NASDAQ: PENN), Boyd Gaming Corp. (NYSE: BYD), and Bally's Corp. (NYSE: BALY).

Instead of trying to muscle in on VICI's Vegas action, Gaming and Leisure have concentrated on buying regional properties in the northeast United States to take advantage of the dense population concentration in that part of the country.

It's also been an active acquirer in the last year. In December, it announced that it had purchased three branches of the popular Live! Casino chain: Maryland, Philadelphia, and Pittsburgh. The casinos were automatically leased back to the Cordish Cos., which staff the operations side of those properties.

The lease is for 39 years and includes rent escalators of 1.75% annually, adding to cash flows for GLPI, and is accretive to earnings from day one.

Further, the two companies have agreed to collaborate on future casino projects, so we're likely to see a large amount of development here in the next few years. States have found that casino gambling is a lucrative and growing source of tax dollars, and a sale and leaseback arrangement with a REIT like Gaming and Leisure makes cash available to add amenities that attract gamblers.

And of course, the kicker: Its shares are currently yielding over 6%, and it's showing the same low valuation as VICI, trading at around $45 right now. It's a no-brainer, especially given the huge wave of post-pandemic travel.