Added to YB: 2024-12-27
Pitch date: 2024-09-30
VICI [bullish]
VICI Properties Inc.
-9.35%
current return
Author Info
No bio for this author
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
$31.62
Price Target
33.00 (+15%)
Dividend
5.43%
EV/EBITDA
14.25
P/E
12.20
EV/Sales
13.24
Sector
Specialized REITs
Category
dividend
The Gabelli Focused Growth and Income Fund Portfolio Holding: VICI Properties Inc.
VICI: Largest gaming REIT, 9.1% of fund. Q2 net income +7.3% YoY, AFFO +5.9%. $700M Venetian investment. Expanding into experiential economy. 4% AFFO growth through 2025, 5.4% dividend yield. PMV $33 (16.5x real property, 9x golf). Well-positioned for rate cuts.
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