Core Viewpoint - VICI Properties Inc. is expected to show positive earnings growth in its upcoming report, with a projected EPS increase and revenue growth compared to the previous year [2][3]. Group 1: Stock Performance - VICI Properties Inc. closed at $32.38, reflecting a -0.92% change from the previous day, which is less than the S&P 500's daily gain of 1.08% [1]. - Over the past month, VICI shares have gained 7.64%, outperforming the Finance sector's loss of 4.3% and the S&P 500's loss of 8.26% [1]. Group 2: Earnings Estimates - The upcoming earnings report is anticipated to show an EPS of $0.58, representing a 3.57% increase year-over-year [2]. - The revenue forecast for the same quarter is $985.12 million, indicating a 3.54% growth compared to the prior year [2]. - For the entire year, earnings are projected at $2.33 per share and revenue at $3.99 billion, reflecting changes of +3.1% and +3.53% respectively [3]. Group 3: Analyst Revisions and Rankings - Recent revisions to analyst forecasts for VICI Properties Inc. are being monitored, as they reflect near-term business trends and analysts' positive outlook on the company's operations [4]. - The Zacks Rank system, which includes estimate changes, currently ranks VICI Properties Inc. at 3 (Hold) [6]. Group 4: Valuation Metrics - VICI Properties Inc. has a Forward P/E ratio of 14.04, which is a premium compared to the industry's average Forward P/E of 11.09 [7]. - The company has a PEG ratio of 4.17, significantly higher than the average PEG ratio of 2.28 for the REIT and Equity Trust - Other stocks [8].

Company Performance - VICI Properties Inc. ended the recent trading session at $31.55, showing a -1.68% change from the previous day's closing price, which was less than the S&P 500's daily loss of 0.91% [1] - The company's shares gained 7.72% over the previous month, outperforming the Finance sector's loss of 5.01% and the S&P 500's loss of 7.38% [1] Earnings Projections - The upcoming earnings disclosure for VICI is projected to show earnings per share (EPS) of $0.58, reflecting a 3.57% increase from the same quarter last year, with quarterly revenue expected to be $985.12 million, up 3.54% from the year-ago period [2] - Full-year Zacks Consensus Estimates predict earnings of $2.33 per share and revenue of $3.99 billion, representing year-over-year changes of +3.1% and +3.53%, respectively [3] Analyst Estimates - Recent changes to analyst estimates for VICI indicate a favorable outlook on the company's business health and profitability, with upbeat changes suggesting positive near-term business trends [4] - The Zacks Rank system, which assesses these estimate changes, currently ranks VICI Properties Inc. at 3 (Hold) [6] Valuation Metrics - VICI Properties Inc. is trading with a Forward P/E ratio of 13.79, which is a premium compared to the industry's average Forward P/E of 11.12 [7] - The company has a PEG ratio of 4.1, while the REIT and Equity Trust - Other industry holds an average PEG ratio of 2.25 [7] Industry Context - The REIT and Equity Trust - Other industry is part of the Finance sector and has a Zacks Industry Rank of 133, placing it in the bottom 48% of all 250+ industries [8]

Market Overview - The market is currently experiencing significant uncertainty, with the S&P 500 down 8.6% and the Nasdaq down 13.4% from recent highs [2] - Artificial intelligence stocks, such as Nvidia, have also seen declines, with Nvidia approximately 14% off its year-to-date high [3] Investment Strategies - To protect capital during market downturns, investors are advised to consider stable dividend stocks that offer reliable income and lower volatility compared to high-growth tech stocks [3] Real Estate Investment Trusts (REITs) - REITs are attractive for income-focused investors due to their requirement to distribute 90% of taxable income to shareholders, resulting in higher yields [4] - Vici Properties owns "trophy properties" that are difficult to replace, including major Las Vegas casino resorts and an entertainment complex in New York, which positions it favorably in the market [5] - Vici Properties collected 100% of its rents during the COVID-19 pandemic and has consistently increased its dividend since inception, indicating strong financial health [6][7] Pharmaceutical Sector - AbbVie has transitioned from reliance on its blockbuster drug Humira to a more diversified portfolio following its acquisition of Allergan, which added products like Botox and Juvederm [10] - Despite a decline in Humira sales from over $21 billion in 2022 to $9 billion in 2024 due to competition from biosimilars, AbbVie is expected to see significant growth from new anti-inflammatory drugs, projected to generate $27 billion in sales by 2027 [9][11] - AbbVie has maintained a growing dividend since its spinoff from Abbott Laboratories in 2013, currently paying $1.64 quarterly, providing a forward yield of 3% [11] Conclusion - Vici Properties and AbbVie are highlighted as strong investment options for generating steady, growing dividends regardless of market conditions, making them suitable for long-term holding [12]

Core Insights - VICI Properties Inc. is an experiential REIT that owns iconic assets on the Las Vegas Strip, receiving positive analyst sentiment but disappointing investors [1]. Group 1 - Analysts express a favorable view of VICI Properties, indicating strong support for the stock [1]. - Despite analyst enthusiasm, investor sentiment appears to be less optimistic, suggesting a disconnect between market perception and analyst recommendations [1]. - The company is positioned to benefit from its high-quality, dividend-paying assets, appealing to long-term investors seeking income [1].

VICI Properties Inc. (VICI) , which specializes in gaming and entertainment properties, reported its fourth-quarter and full-year 2024 results late in February. The company continued to benefit from its expansion efforts and strategic investments.VICI’s fourth-quarter 2024 adjusted funds from operations (AFFO) per share of 57 cents came in line with the Zacks Consensus Estimate. Moreover, the figure increased 3.6% from the prior-year quarter. Results reflected a year-over-year rise in revenues, mainly drive ...

Core Viewpoint - Vici Properties has experienced significant growth since its formation in 2017, expanding its portfolio from 20 casino properties to 93 experiential real estate assets leased to 13 tenants, indicating a strong trajectory in the real estate investment trust (REIT) sector [1]. Investment Strategy - The company has a diversified portfolio that includes real estate-backed loans with leading experiential operators, allowing it to increase its dividend yield of 5.3% annually since inception [2]. - Vici Properties has established strategic relationships with high-quality operators, which are crucial for its ongoing investment opportunities [3]. Recent Investments - In the previous year, Vici committed to investing $1.1 billion across three deals with an attractive initial yield of 8.1%, including partnerships with existing operators [4]. - The company formed a new partnership with Homefield, agreeing to provide up to $105 million for the development of a Margaritaville Resort, with rights to purchase properties in sale-leaseback transactions [4]. New Ventures - Vici Properties initiated a new strategic relationship with Cain International and Eldridge Industries, providing a $300 million mezzanine loan for the One Beverly Hills development, showcasing its focus on long-term partnerships [5][6]. - The REIT's growing list of partnerships, including a recent $432.9 million transaction with Lucky Strike, positions it for additional growth opportunities [6]. Notable Partnerships - The Venetian Resort was acquired for $4 billion in 2021, with a follow-on investment of up to $700 million for renovations, yielding a 7.25% return [7]. - The partnership with Great Wolf has expanded to include a $250 million mezzanine loan, with over $720 million committed to the company [7]. Broader Partnership Approach - Vici Properties aims to partner with operators of its properties, sharing in their success and creating new investment opportunities, which supports its strategy of increasing dividends and providing passive income [9].

Core Viewpoint - Vici Properties is a real estate investment trust (REIT) that specializes in owning casino properties, benefiting from the cyclical nature of the gaming industry while providing a stable income stream through its significant dividend yield [2][4][8]. Group 1: Business Model and Resilience - Vici Properties operates as a landlord rather than a casino operator, making its business model less cyclical compared to casino operations [4][7]. - The value of casino properties remains stable even during economic downturns, as evidenced during the COVID-19 pandemic when tenants continued to pay rent [6][5]. - The REIT's ability to increase dividends during challenging times demonstrates its financial resilience and commitment to returning cash to investors [9][6]. Group 2: Dividend Yield and Financial Strength - Vici Properties offers a dividend yield of 5.5%, significantly higher than the S&P 500 average of 1.2% and the average REIT yield of 3.8% [8]. - The company has consistently increased its dividend since it began paying one in 2018, indicating a strong focus on shareholder returns [9][10]. - Vici's balance sheet received an upgrade from Moody's, moving to investment grade, which will help reduce interest costs associated with its debt [11]. Group 3: Growth Potential - Vici Properties has a long-term growth strategy that includes diversifying its portfolio beyond gambling and providing loans for construction projects [14][15]. - The average lease term for Vici's properties is 40 years, with 90% of leases having automatic rent increases tied to inflation, ensuring steady income growth [15]. - Future acquisitions, whether in casinos or other assets, are expected to enhance growth potential, contributing to increased dividend payouts [15][14].

Core Viewpoint - Vici Properties is positioned as a resilient REIT, demonstrating stability and growth potential despite broader market challenges faced by the REIT sector due to rising interest rates [1][2][10] Group 1: Market Context - Many REITs faced difficulties in 2022 and 2023 due to increased interest rates, which raised acquisition costs and made dividends less attractive compared to risk-free investments [1] - The Federal Reserve's anticipated rate cuts in 2024 and 2025 may lead to a resurgence in REIT investments, particularly those with high yields [2] Group 2: Vici Properties' Business Model - Vici Properties operates a stable business model by owning casinos and entertainment properties, which allows it to consistently outperform the 10-Year Treasury yield of 4.4% [3] - The company has established long-term leases with major tenants like Caesars Entertainment and MGM Resorts, which are tied to the Consumer Price Index (CPI), ensuring rent increases with inflation [6][7] Group 3: Financial Performance - Vici has maintained a perfect occupancy rate of 100% since its IPO in 2018, with its Adjusted Funds From Operations (AFFO) per share increasing from $1.82 in 2021 to an expected $2.32-$2.35 in 2025 [8][9] - The company has consistently raised its dividends annually, with dividends per share increasing from $1.38 in 2021 to an expected $1.695 in 2024, indicating room for future increases [9] Group 4: Investment Appeal - Vici's stock is currently valued at $31, translating to a forward dividend yield of 5.5%, which is attractive for income-oriented investors [9] - The company is characterized as an "evergreen investment," suitable for those seeking consistent income during uncertain economic times [10]

Company Overview - VICI Properties is a unique REIT specializing in casino real estate, holding a dominant position in the sector due to key tenants like Caesars Palace and MGM Resorts, which provides it with a quasi-monopoly status [1]. Investment Criteria - The company is characterized by growth in revenue, earnings, and free cash flow, making it an attractive investment opportunity [1]. - VICI Properties has excellent growth prospects, which enhances its appeal to investors [1]. - The stock is noted for favorable valuations, which is a critical factor for potential investors [1]. Financial Characteristics - The company is preferred for its steadily growing revenue and high free cash flow margins, indicating strong financial health [1]. - VICI Properties is also recognized for its dividend stocks and generous share repurchase programs, which are attractive to income-focused investors [1].

Core Viewpoint - Vici Properties is a leading real estate investment trust (REIT) specializing in experiential real estate, particularly in the gaming and hospitality sectors, with a strong focus on generating stable rental income and increasing dividends for investors [1][3][9] Company Performance - In 2024, Vici Properties reported adjusted funds from operations (FFO) of $2.4 billion, or $2.26 per share, reflecting increases of 8.4% and 5.1% respectively, which enabled a 4.2% dividend increase, marking the seventh consecutive increase since its public listing in 2018 [3] - The company has achieved a peer-leading annual dividend growth rate of 7%, significantly higher than the 2.2% average of other net lease-focused REITs [3] Rental Income and Investments - Vici Properties benefits from rising rental income, with 40% of its leases linked to inflation, allowing it to capture higher rental increases amid elevated inflation [4] - The company announced $1.1 billion in new investments last year, with a weighted average initial yield of 8.1%, contributing to incremental income and future growth potential [4] Strategic Growth Initiatives - In 2025, Vici Properties established a strategic relationship with Cain and Eldridge Industries to explore unique experiential real estate investments, starting with a $300 million mezzanine loan for the development of One Beverly Hills [5][6] - The REIT is also collaborating with partners to identify additional investment opportunities and has committed over $720 million to Great Wolf Resorts across multiple transactions [6] Future Opportunities - Vici Properties has agreed to provide a construction loan of up to $105 million for a Margaritaville Resort in Kansas City, along with options to purchase related properties [8] - The company is set to invest up to $700 million in The Venetian Resort for extensive renovations, with rent adjustments reflecting the increased investment [8] Investment Outlook - Vici Properties has consistently provided a lucrative and steadily rising income stream since going public, positioning itself as an excellent long-term investment opportunity for those seeking passive income and potential price appreciation [9]