Added to YB: 2025-06-24
Pitch date: 2025-06-14
VICI [bullish]
VICI Properties Inc.
-8.81%
current return
Author Info
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Company Info
VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.
Market Cap
$34.0B
Pitch Price
$31.43
Price Target
55.00 (+92%)
Dividend
5.43%
EV/EBITDA
14.25
P/E
12.20
EV/Sales
13.24
Sector
Specialized REITs
Category
growth
97% Margins, 5.5% Yield, and a Hidden Growth Engine - VICI Properties Inc.
VICI: Mispriced gaming REIT at $32, worth $55 (15-20% IRR). 97% EBITDA margins from irreplaceable assets (Caesars Palace, MGM Grand) on 40+ year triple-net leases with CPI escalators. Diversifying beyond gaming into experiential assets resistant to digital disruption. $3.85B revenue, 5.5% yield, 27% CAGR since 2018. Key risks: tenant concentration, regulation.
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