Profile
Sector:
Real EstateIndustry:
DiversifiedCountry:
United StatesIPO:
02 January 2018Website:
http://www.viciproperties.comNext earnings report:
N/ALast dividends:
18 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:59:22 GMTAnalysts recommendations
Institutional Ownership
VICI Latest News
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.
VICI's earnings for the third quarter are expected to show the positive effects of the company's growth strategies and the advantages of having a strong portfolio with various sources of income.
It's time to get ready for a significant decrease in rates by 2025.
VICI Properties is one of the best REITs in my investment portfolio. After I first recommended it on Seeking Alpha, the stock price increased by 13.9%, leading to a total return of 17.1%. My long-term investment in VICI has been successful, and I have steadily increased my holdings over the years.
In the most recent trading session, VICI Properties Inc. (VICI) finished at $32.81, which is a decrease of 0.76% compared to the day before.
VICI Properties Inc. (VICI) finished the last trading session at $33.62, which represents a 0.42% increase from the previous day's closing price.
What type of business is VICI Properties?
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 and entertainment 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. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield and Kalahari Resorts. VICI Properties also owns four championship golf courses and 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties' goal is to own the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators.
What sector is VICI Properties in?
VICI Properties is in the Real Estate sector
What industry is VICI Properties in?
VICI Properties is in the Diversified industry
What country is VICI Properties from?
VICI Properties is headquartered in United States
When did VICI Properties go public?
VICI Properties initial public offering (IPO) was on 02 January 2018
What is VICI Properties website?
https://www.viciproperties.com
Is VICI Properties in the S&P 500?
Yes, VICI Properties is included in the S&P 500 index
Is VICI Properties in the NASDAQ 100?
No, VICI Properties is not included in the NASDAQ 100 index
Is VICI Properties in the Dow Jones?
No, VICI Properties is not included in the Dow Jones index
When was VICI Properties the previous earnings report?
No data
When does VICI Properties earnings report?
Next earnings report date is not announced yet