VICI Properties: The Market Is Wrong On The Casino Landlord
VICI Properties is a leading experiential REIT with a sound capital allocation strategy. The market seems to have turned too pessimistic on VICI, which I argue isn't justified. VICI's solid financial profile and strategic growth optionalities in Las Vegas should underpin its earnings growth.
VICI Properties: Higher Interest Rates Aren't The Only Reason For Underperformance
VICI Properties offers a highly predictable, slow-growing, and safe investment, appealing to investors seeking stable returns rather than market-beating performance. The company has built an exceptional portfolio of gaming and experiential properties but faces limited expansion opportunities and higher capital costs. Recent developments show modest growth in AFFO per share, driven by CPI protections, with a 4%-5% annual growth trajectory.
VICI Properties' Credit Rating Upgraded to Baa3 by Moody's
VICI's issuer credit rating is revised upward by Moody's to 'Baa3' from 'Ba1', with a stable outlook led by strong company fundamentals.
4 Reasons to Buy Vici Properties Stock Like There's No Tomorrow
This REIT is still an evergreen dividend investment.
VICI Properties price target lowered to $33 from $34 at Mizuho
Mizuho lowered the firm's price target on VICI Properties to $33 from $34 and keeps an Outperform rating on the shares as part of a broader research note. The firm is turning less constructive on Tripe Net REITs as expectations of higher inflation and a "higher for longer" rate environment should weigh on the sector's investment spreads and growth potential, marking the end of the "pivot party", the analyst tells investors in a research note.
The Smartest Dividend Stock to Buy With $10,000 Right Now
This is how to beat the house in Las Vegas.
VICI Properties: A Sin Stock Worth Taking A Gamble On
VICI Properties' recent price pullback gives the stock an attractive valuation in comparison to some of their retail peers. As a result of their strong growth and fundamentals, VICI deserves to trade in line or at a premium to some of its peers. One reason for their constant undervaluation could be that the stock is considered a sin stock by many investors due to the bulk of their revenue coming from gaming.
VICI Is The Highest Quality REIT With Ample Upside
VICI had very consistent Q3/24 earnings, beating top and bottom line expectations. The unique business model of VICI sets them apart from other triple-net lease REITs, making it higher quality. Even when factoring in almost no growth, the company seems currently attractively valued.
VICI Properties: Bet On The Banker, Not The Casino Players, Reiterate Buy
VICI remains a long-term winner in the gaming sector, attributed to the highly sticky tenant base and irreplaceable assets in Las Vegas. These have directly contributed to the REIT's extremely long Weighted Average Lease Term of 42 years and occupancy rate of 100% - offering deep insights into its long-term execution. As a result, it is unsurprising that VICI has reported a double beat FQ3'24 performance while raising the FY2024 guidance, with readers likely looking forward to robust FY2025 numbers.
VICI Properties Inc (VICI) Q3 2024 Earnings Call Transcript
VICI Properties Inc (NYSE:VICI ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Corporate Participants Samantha Gallagher - Executive Vice President, General Counsel and Secretary Ed Pitoniak - Chief Executive Officer John Payne - Chief Operating Officer David Kieske - EVP, Chief Financial Officer Conference Call Participants Barry Jonas - Truist Securities Anthony Paolone - JPMorgan Chris Darling - Green Street Smedes Rose - Citi John Dave - CBRE Jim Kammert - Evercore John Kilichowski - Wells Fargo Dan Guglielmo - Capital One Jeremy Cohen - Goldman Sachs David Katz - Jefferies Operator Good day ladies and gentlemen, thank you for standing by. Welcome to the VICI Properties Third Quarter 2024 Earnings Conference Call.
VICI Properties: The House Always Wins - Own The Casino Not The Business
VICI Properties looks undervalued as it trades at 12.17 times its FFO and 9.57 times its EBITDA. The gaming industry is expected to expand its gross revenue by over $40 billion over the next 5 years which is bullish for VICI. VICI has 100% of its properties rented with an average lease term of 41 years and specializes in triple net leases throughout its 93 properties.
VICI Properties (VICI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for VICI Properties (VICI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
