Group 1 - The market has recently shown a solid recovery, with many stocks trading at or above their levels from early April [2] - The focus is on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] Group 2 - The article emphasizes a defensive investment strategy with a medium- to long-term horizon [2] - There is a beneficial long position in shares of specific companies, indicating a positive outlook on their performance [3]

Core Viewpoint - VICI Properties has a high-quality portfolio in the gaming, hospitality, and entertainment sectors, supported by long-term triple-net lease agreements that ensure stable rental revenues and a strong balance sheet for growth opportunities [1][4][7]. Financial Performance - In Q1 2025, VICI reported adjusted funds from operations (AFFO) per share of 58 cents, matching the Zacks Consensus Estimate and reflecting a 3.6% increase year-over-year, driven by revenue growth from sales-type leases and lease financing [2]. - The Zacks Consensus Estimate for VICI's 2025 FFO per share has increased to $2.34, indicating positive analyst sentiment, with shares rising 5.6% over the past three months compared to flat industry growth [3]. Portfolio and Lease Structure - VICI Properties operates as a triple-net lease REIT with a 100% occupancy rate, highlighting the critical nature of its properties to tenants, which provides consistent income and a strong market position [4]. - The company offers long-term lease agreements ranging from 15 to 32 years, with options for renewal, ensuring a stable revenue stream and growth potential [5]. Tenant Relationships - VICI maintains strong relationships with tenants, with 79% of rental income coming from publicly traded companies, including a significant portion from S&P 500 tenants, ensuring secure and transparent revenues [6]. Balance Sheet and Credit Ratings - As of March 31, 2025, VICI had liquidity of $3.21 billion and an annualized net leverage ratio of 5.3, within its long-term target range, indicating financial flexibility [7]. - The company holds investment-grade credit ratings from major agencies, enhancing its access to the debt market [8]. Dividend Growth - VICI Properties has demonstrated a commitment to dividend payouts, with a 7.4% annual dividend growth rate since 2018 and five increases in the last five years, suggesting sustainability in its dividend distribution [10].

Core Viewpoint - The article emphasizes the importance of dividend investing in quality blue-chip stocks, BDCs, and REITs for building a sustainable retirement income strategy [1]. Group 1: Investment Strategy - The company focuses on a buy-and-hold investment strategy, prioritizing quality over quantity in stock selection [1]. - The goal is to help lower and middle-class workers build investment portfolios that consist of high-quality, dividend-paying companies [1]. Group 2: Personal Investment Philosophy - The company aims to achieve financial independence through dividend income within the next 5-7 years [1]. - The article reflects a commitment to educating investors on the benefits of dividend investing and providing a new perspective on achieving financial goals [1].

Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words "anticipates," "assumes," "believes," "estimates," "expects," "guidance," "intends," "plans," "projects," and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on for ...

Group 1 - The REIT sector offers a variety of niches for investors, including industrial, retail/service-oriented, self-storage, housing, and office properties [1] - Dividend investing is highlighted as a straightforward and accessible path to achieving financial freedom, emphasizing its importance in building long-term wealth [1] - The author has extensive experience in M&A and business valuation, focusing on sectors such as tech, real estate, software, finance, and consumer staples [1] Group 2 - The article expresses a beneficial long position in shares of specific REITs, indicating a personal investment interest [2] - The author emphasizes that the article reflects personal opinions and is not influenced by compensation from any company mentioned [2]

Core Insights - The article estimates the investment spread generated by a selected group of investment-grade net-lease REITs in Q1 2025 and ranks them accordingly [1] Group 1: Investment Analysis - The REITs discussed have all declared their Q1 results, indicating a focus on recent performance metrics [1] - The analysis is sector agnostic, allowing for a broad evaluation of various companies as long as their business models are understood [1] Group 2: Personal Background of the Analyst - The analyst has a background in finance, having earned a CFA charter and CIPM certificate, which adds credibility to the analysis [1] - The analyst's experience includes assisting firms in complying with Global Investment Performance Standards (GIPS), highlighting a strong foundation in investment performance evaluation [1]

Group 1 - Inbound tourism to the US is experiencing a significant decline, with visitors from Western Europe down by an average of 17% in March, marking the first decrease since 2021 [1] - Visitors from Canada are experiencing an even larger decline compared to those from Western Europe [1] Group 2 - The equity market serves as a powerful mechanism for wealth creation or destruction over the long term, influenced by daily price fluctuations [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Insights - The article provides a perspective on stock analysis and investment opportunities based on the author's experience and insights [1] Group 1 - The analyst expresses a keen interest in a wide range of stocks, aiming to offer contrasting views on investment portfolios [1] - There is no current investment position in any of the mentioned companies, nor plans to initiate any within the next 72 hours [2] - The analysis is intended for informational purposes and emphasizes the importance of personal research and due diligence before investing [3]

Investment Strategy - The investment strategy focuses on constructing portfolios aimed at generating additional income through dividends, targeting a yield on cost of more than 12% over the next 10 years [1] - Emphasis is placed on identifying companies with significant competitive advantages and strong financials to provide attractive Dividend Yield and Dividend Growth [1] - The approach combines high Dividend Yield and Dividend Growth companies to reduce dependence on broader stock market fluctuations [1] Portfolio Diversification - A well-diversified portfolio across various sectors and industries is recommended to minimize portfolio volatility and mitigate risk [1] - Incorporating companies with a low Beta Factor is suggested to further reduce the overall risk level of the investment portfolio [1] - The suggested investment portfolios typically consist of a blend of ETFs and individual companies, emphasizing broad diversification and risk reduction [1] Total Return Focus - The selection process for high dividend yield and dividend growth companies is meticulously curated, prioritizing total return, which includes both capital gains and dividends [1] - This approach ensures that the portfolio is designed to maximize returns while considering the full spectrum of potential income sources [1] - Leveraging expertise in crafting investment portfolios aims to generate extra income through dividends while reducing risk through diversification [1]

Group 1 - VICI Properties Inc. has reached a significant support level and shows potential as a good investment from a technical perspective, having recently broken through the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average (SMA) is a widely used investing tool that helps smooth out price fluctuations and can indicate trend reversals, with a price above the 20-day SMA suggesting a positive trend [2] - Positive earnings estimate revisions for VICI strengthen the bullish case, with no estimates decreasing in the past two months and eight estimates increasing, alongside a rise in the consensus estimate [3] Group 2 - VICI has experienced a rally of 7.2% over the past four weeks and currently holds a Zacks Rank of 2 (Buy), suggesting the potential for further upward movement [4]