Vici Properties Inc. (1KN)
Summary
1KN Chart
Why VICI Properties Inc. (VICI) Dipped More Than Broader Market Today
VICI Properties Inc. (VICI) closed the most recent trading day at $26.87, moving 1.03% from the previous trading session.
VICI Properties: Rich And Secure Incomes To Weather Macro And Caesars/MGM Uncertainty
The heightened US-Iran volatility brings forth renewed inflation and Fed rate hike fears, with it triggering downward pressure on many REIT stocks, VICI included. Caesars/MGM account for 70% of VICI's rent, with the potential buyouts triggering near-term lease uncertainties, worsened by the reduced visibility into the two tenants' future financial health. Readers may want to closely monitor VICI's upcoming FQ2'26 earnings call, since it remains to be seen how the REIT may eventually be impacted.
VICI Properties: You Don't Run From Fear, You Embrace It
VICI Properties trades at a depressed 11.24x P/AFFO, well below its historical average, offering 36% potential upside on mean reversion. VICI maintains a fortress balance sheet with a conservative 35% leverage and a 4.0x interest coverage ratio, supporting investment-grade ratings. The 6.62% dividend yield is well-covered by a 73% AFFO payout ratio, with AFFO per share growing 4.5% year-over-year.
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Vici Properties Inc. Profile
| Diversified REITs Industry | Real Estate Sector | Edward Baltazar Pitoniak CEO | XFRA Exchange | 925652109 CUSIP |
| US Country | 27 Employees | 18 Jun 2026 Last Dividend | - Last Split | 17 Oct 2017 IPO Date |
Overview
VICI Properties operates as an experiential real estate investment trust (REIT), possessing one of the most extensive portfolios in the gaming, hospitality, and entertainment sectors, highlighted by iconic assets such as Caesars Palace. This REIT has established a significant presence within the United States through a diverse and national portfolio that spans across various geographic locations. VICI Properties endeavors to cultivate the highest quality and most productive experiential real estate portfolio in the country, leveraging its strategic acquisitions and holdings to dominate the market. Its property collection is not just limited to gaming facilities but extends to include premier hotel accommodations, dining establishments, nightlife venues, and championship golf courses, setting a benchmark in the experiential property segment.
Products and Services
The extensive portfolio of VICI Properties includes a wide range of products and services, tailored to provide exceptional experiences in gaming, hospitality, and entertainment. Each aspect of their portfolio is designed to enhance their standing in the experiential real estate sector.
- Gaming Facilities
VICI Properties boasts 29 gaming facilities that span over 48 million square feet, catering to a wide audience with various gaming preferences. These facilities are leased to and operated by leading gaming corporations, ensuring top-notch gaming experiences across the board.
- Hotel Rooms
With approximately 19,200 hotel rooms under its umbrella, VICI Properties provides luxurious and comfortable accommodations. These rooms are part of their larger properties, often integrated into casino resorts that offer guests a comprehensive entertainment experience.
- Restaurants, Bars, and Nightclubs
More than 200 dining and nightlife venues are housed within VICI Properties' assets, offering a diverse array of culinary experiences and vibrant social environments. These venues range from casual dining options to high-end bars and clubs, catering to an extensive spectrum of preferences and occasions.
- Lease Agreements with Industry Leaders
VICI Properties’ properties are leased to some of the most reputable names in the gaming and hospitality industry, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment, and Penn National Gaming, Inc. These partnerships ensure the properties are managed by operators with a proven track record of success and innovation.
- Golf Courses and Undeveloped Land
In addition to entertainment and hospitality venues, VICI Properties owns four championship golf courses, offering premium golfing experiences. The company also holds 34 acres of undeveloped land adjacent to the Las Vegas Strip, representing potential for future development and expansion projects, further enriching its portfolio.
