VICI Properties (VICI) Stock

This REIT remains a reliable option for dividend investments.

Moody's has upgraded VICI's issuer credit rating from 'Ba1' to 'Baa3', maintaining a stable outlook due to the company's solid fundamentals.

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) has announced that Moody's Investors Service has raised its issuer credit rating for VICI Properties L.P. from ‘Ba1' to ‘Baa3', maintaining a stable outlook. David Kieske, the Chief Financial Officer, stated that this upgrade highlights the solid credit profile the company has diligently developed since it was founded. The company has made significant efforts in its transformation.

Here are some tips on how to win against the casino in Las Vegas.

VICI reported strong earnings for Q3/24, exceeding both revenue and profit expectations. Their distinctive business model distinguishes them from other triple-net lease REITs, giving them a higher quality. Even with minimal growth, the company appears to be fairly valued at the moment.

VICI is a strong performer in the gaming industry, thanks to its loyal tenants and unique properties in Las Vegas. This has led to an impressive average lease term of 42 years and a full occupancy rate of 100%, highlighting its effective long-term strategy. Consequently, VICI's recent FQ3'24 results exceeded expectations, and it has increased its guidance for FY2024, making investors eager for strong results in FY2025.

VICI Properties appears to be undervalued, trading at 12.17 times its funds from operations (FFO) and 9.57 times its earnings before interest, taxes, depreciation, and amortization (EBITDA). The gaming sector is projected to grow its total revenue by more than $40 billion in the next five years, which is positive news for VICI. Additionally, VICI has all of its properties leased out, with an average lease duration of 41 years, focusing on triple net leases across its 93 properties.

While the revenue and earnings per share (EPS) for VICI Properties (VICI) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

VICI Properties Inc. (VICI) reported quarterly funds from operations (FFO) of $0.57 per share, which is higher than the Zacks Consensus Estimate of $0.56 per share. This is an increase compared to last year's FFO of $0.54 per share.