In the latest trading session, VICI Properties Inc. (VICI) closed at $28.11, marking a -0.32% move from the previous day.
With a focus on entertainment hotspots like Las Vegas, VICI Properties has strong financials and a 6% dividend yield. VICI's strategic diversification and long-term growth potential make it an attractive investment. Some investors have concerns with the REIT's poor performance since 2021. We have a different view.
Despite the diversification thus far, gaming properties remain the core of VICI's portfolio as Vegas reports robust growth in gaming revenues and visitation numbers. This is also why the REIT has invested in Venetian, with the renovation works being mutually beneficial while generating a decent spread. If anything, VICI's overall cost of capital remains relatively low despite the elevated interest rate environment, with a profitable blended investment spread.
VICI Properties Inc. (VICI) closed at $28.38 in the latest trading session, marking a -1.15% move from the prior day.
VICI Properties stock has underperformed over the past year. Investors could be worried about potentially slowing growth amid higher execution risks. VICI invested $700 million in The Venetian, which management believes could be its best acquisition to date.
VICI Properties is a top-performing gaming and entertainment REIT in the US, owning trophy assets including a large portion of the Las Vegas strip. The company offers dream-like lease terms and has outperformed other REITs in the sector over the past five years. VICI represents a great option for income investors with its high dividends, adequate growth, and lower volatility compared to the S&P 500.
VICI Properties is a leading triple net lease REIT focused on gaming properties, with recent expansion into the non-gaming experiential segment. These sectors are accompanied by unique value drivers, which help VICI uphold elite business metrics. The company remains undervalued when compared to some of the most popular triple net lease REITs, despite its top-tier business and recent outperformance.
VICI has been one of the most rewarding REITs over the long run. But lately, it has seen its share price drop significantly.
VICI Properties is a REIT focused on gaming and entertainment properties, largely in Las Vegas. The company has a short but successful history, consistently paying dividends and experiencing growth in its cash flows, even throughout COVID. Long-term leases and significant property improvements by its tenants contribute to its strong outlook.
Vici Properties largely owns casinos, but it's branching out into other types of experiential assets as it looks to extend its growth opportunities. EPR Properties' largest segment is movie theaters, but its has a far more diverse tenant roster.
Vici Properties is one of the largest real estate investment trusts dedicated to owning experiential properties. The company started in the casino sector and remains heavily invested in the space.
VICI Properties Inc. (VICI) closed the most recent trading day at $28.06, moving +0.5% from the previous trading session.