If you're a long-term investor, the short-term rush brought on by gambling probably doesn't appeal to you all that much. But that doesn't mean other people don't like to gamble.
Many real estate investment trusts (REITs) stumbled in 2022 and 2023 as interest rates rose. Higher rates made it more expensive for REITs to acquire more properties, generated tougher macro headwinds for their commercial tenants, and made their dividends less appealing than interest payments from risk-free T-bills and CDs.
VICI Properties has a quasi-monopoly in casino real estate with key tenants like Caesars Palace and MGM Resorts, ensuring stable and growing rental income. The triple-net lease structure and long-term inflation-proof contracts provide high profit margins, stable cash flows, and minimal vacancy risk. VICI's strong financials, consistent dividend growth, and attractive 5.5% dividend yield make it a compelling investment for stability and growth.
Vici Properties (VICI 1.69%) owns one of the largest collections of gaming, hospitality, and entertainment destinations in the country . Its real estate portfolio features many of the most iconic casinos on the Las Vegas Strip, including Caesars Palace Las Vegas and The Venetian Resort Las Vegas.
I'm betting my retirement on dividend stocks. That's actually a pretty low-risk wager, given the data on dividend stocks over the decades.
VICI Properties Inc. (NYSE:VICI ) Q4 2024 Earnings Conference Call February 21, 2025 10:00 AM ET Company Participants Samantha Gallagher - General Counsel Ed Pitoniak - CEO John Payne - President and COO David Kieske - CFO Gabriel Wasserman - CAO Conference Call Participants Anthony Paolone - JPMorgan Caitlin Burrows - Goldman Sachs Barry Jonas - Truist Securities Greg McGinniss - Scotiabank Richard Hightower - Barclays Jim Kammert - Evercore Smedes Rose - Citi David Katz - Jefferies John Kilichowski - Wells Fargo John DeCree - CBRE Chris Darling - Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.
VICI's Q4 AFFO per share meets estimates. While revenues rise year over year, high interest expenses hurt the results to some extent.
Vici Properties (VICI 0.92%), a real estate investment trust specializing in gaming and experiential properties, released its earnings for the fourth quarter on Feb. 20. The report showcased strong revenues of $976.1 million compared to the analysts' consensus forecast of $970 million.
Although the revenue and EPS for VICI Properties (VICI) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
VICI Properties Inc. (VICI) came out with quarterly funds from operations (FFO) of $0.57 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.55 per share a year ago.
VICI Properties Inc. is a high-quality triple-net REIT with a strong dividend yield and undemanding valuation, making it a compelling investment post-share price pullback. The company's triple-net lease structure and long lease terms with rent escalators provide inflation resistance and stable revenue growth, enhancing its low-risk profile. VICI's recent revenue growth and AFFO per share increase highlight its strong execution, with potential for further growth through organic investments and strategic M&A.
While VICI's Q4 earnings are likely to have gained from its diversified portfolio and long term-leases, high interest expenses may have hurt the stock.