Wachiwit Introduction I’m sure like myself, other investors are a little impatient waiting for upside in VICI Properties (NYSE:VICI), an experiential REIT that invests primarily on the Las Vegas Strip. They’re the landlord to iconic hotel & casinos like The Venetian, Caesar’s Palace, and MGM Grand to name a few. In it’s short track record,…
Dzmitry Dzemidovich Introduction VICI Properties (NYSE:VICI) recently reported their Q4 earnings to close out the year. Despite the challenging economic backdrop, especially for REITs, VICI delivered a strong Q4 and even exceeded my expectations. I’ll actually be traveling to Las Vegas soon, so I felt compelled to give readers an update on my biggest REIT…
LPETTET Introduction When an investor thinks about real estate in Nevada, especially on the Las Vegas Strip, VICI Properties Inc. (VICI) is often the name that comes to mind. The REIT is very popular here on Seeking Alpha, and I’m a big fan of the company myself. I’ve published a few articles on the stock,…
MicroStockHub/iStock via Getty Images We previously covered VICI Properties Inc. (NYSE:VICI) in September 2023, discussing its outperformance over the REIT sector median, with the excellent top and bottom lines triggering the consistently raised quarterly dividends thus far. Combined with CPI-tied rental escalator and robust gaming portfolio, we had rated the stock as a Buy then,…
Nature, food, landscape, travel Higher interest rates have had an extremely detrimental impact on the real estate industry, particularly on the commercial side of things, as the cost of capital is pressuring margins and increasing cap rates. Currently, we potentially are at an inflection point where the Fed has finished its rate-hiking cycle, with rate…
tiero VICI Properties Inc. (NYSE:VICI) investors have suffered a torrid year since VICI topped out in August 2022. Notwithstanding its position as a market-leading experiential REIT, macroeconomic factors matter, suggesting investors must consider the broader view even when assessing individual REITs. I last updated my thesis on VICI in mid-September 2023, urging investors to be…
Wolterk/iStock Editorial via Getty Images VICI Properties (NYSE:VICI) announced third-quarter results that slightly exceeded expectations, as FFO amounted to $0.54, a $0.01 beat, and revenues totaled $904 million, a minor beat as well. It hasn’t been a good year for VICI shareholders, as rising long-term yields and higher interest rates are materially reducing the intrinsic…
Dzmitry Skazau/iStock via Getty Images A few days ago, I wrote an article titled “This REIT Myth MUST Be Debunked.” It was in response to someone’s comment that rising interest rates were rendering real estate investment trusts un-investable. “When rates go up, so do rents… and more importantly, most REIT managers have been preparing for…
Ivan Grabilin I kept my Hold rating on leading casino and experiential REIT VICI Properties Inc. (NYSE:VICI) at my previous update in November 2022, even as it bottomed out in November. I gleaned that VICI’s remarkable growth momentum was expected to normalize moving forward, and its forward dividend yield wasn’t appealing enough. Accordingly, VICI has…
RudyBalasko Introduction When looking for stocks that provide passive income for your retirement, you are looking for some safer investments that help you sleep at night. VICI Properties (NYSE:VICI) is a stock that has been adored by many dividend investors. As such, VICI might be considered as a boring stock, but that’s exactly what you…
Michael Jagla VICI Properties (NYSE:VICI) is a REIT that owns a large portfolio of hotels and entertainment destinations. These aren’t just any old hotels; they are gaming destinations like Caesars Palace, the MGM Grand, and the Venetian in Las Vegas all sit in this portfolio. In this article, we’re going to take a look at…
May Lim Introduction Since 2014 I’ve been a huge fan of visiting Las Vegas. I’ve made it my business to visit the popular destination a minimum of once a year. For the last 9 years I’ve probably been more than 30 times. My friends and family often make fun of me and seem to think…