Added to YB: 2025-08-28
Pitch date: 2025-08-26
VICI [neutral]
VICI Properties Inc.
-13.56%
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
$33.16
Price Target
N/A
Dividend
5.43%
EV/EBITDA
14.25
P/E
12.20
EV/Sales
13.24
Sector
Specialized REITs
Category
value
Earnings Notes (Aug 2025) - VICI Properties Inc.
VICI (earnings update): Q2 AFFO $0.60/share, raised FY guidance to $2.37/share. 4.6% revenue growth via contractual escalators. Fully occupied portfolio, 40+ yr weighted avg lease terms, CPI-linked escalators provide inflation protection. Risk: tenant concentration (Caesars/MGM). Market misprices as cyclical REIT vs stable long-term cashflows.
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