Vici Properties Inc Stock News

VICI had very consistent Q3/24 earnings, beating top and bottom line expectations. The unique business model of VICI sets them apart from other triple-net lease REITs, making it higher quality. Even when factoring in almost no growth, the company seems currently attractively valued.

VICI remains a long-term winner in the gaming sector, attributed to the highly sticky tenant base and irreplaceable assets in Las Vegas. These have directly contributed to the REIT's extremely long Weighted Average Lease Term of 42 years and occupancy rate of 100% - offering deep insights into its long-term execution. As a result, it is unsurprising that VICI has reported a double beat FQ3'24 p...

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VICI Properties Inc (NYSE:VICI ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Corporate Participants Samantha Gallagher - Executive Vice President, General Counsel and Secretary Ed Pitoniak - Chief Executive Officer John Payne - Chief Operating Officer David Kieske - EVP, Chief Financial Officer Conference Call Participants Barry Jonas - Truist Securities Anthony Paolone - JPMo...

VICI Properties looks undervalued as it trades at 12.17 times its FFO and 9.57 times its EBITDA. The gaming industry is expected to expand its gross revenue by over $40 billion over the next 5 years which is bullish for VICI. VICI has 100% of its properties rented with an average lease term of 41 years and specializes in triple net leases throughout its 93 properties.

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties”, "VICI" or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended September 30, 2024. All per share amounts included herein are on a per diluted common share basis unless otherwise stated. Third Quarter 2024 Financial and Operating Highlights Total revenues increas...

The Federal Reserve's recent 50 bps rate cut and projected future cuts in 2024 signal a potential favorable shift for the REITs sectors. The latest JOLTS Report fell short of expectations. September job openings slid to 7.443M from 7.861M in August, and layoffs and discharges rose, a potential opportunity for more rate cuts. REITs benefit from a lower-rate environment due to reduced borrowing c...