Core Viewpoint - VICI Properties, a Las Vegas-based REIT, has reached a new 52-week low, marking its 11th low in the past 12 months, despite having strong real estate holdings and stable income potential from its properties [1][2]. Company Overview - VICI Properties owns 93 properties across the U.S. and Canada, including 54 gaming and 39 non-gaming properties, totaling 127 million square feet, 60,300 hotel rooms, and over 500 bars, restaurants, and sportsbooks [4]. - The company also manages four championship golf courses located in Las Vegas, Indiana, and Mississippi [4]. Financial Performance - The annualized cash generated from triple-net leases at VICI's properties is $3.28 billion through October 1, 2025 [5]. - Approximately 42% of its rents are subject to CPI-linked increases in 2025, with 90% subject to such increases over the long term, indicating a stable income stream [5]. Market Conditions - The state of Las Vegas tourism is currently not favorable, which poses a challenge for VICI Properties [6]. - Proposition betting is gradually impacting traditional gambling and sports betting, which could affect the company's revenue streams [6].

Group 1 - Barclays lowered its price target on VICI Properties Inc. to $33 from $37, maintaining an Overweight rating due to tenant-related concerns [1] - VICI Properties owns 93 properties, including casinos and resorts, with major tenants like Caesar's Entertainment and MGM Resorts, benefiting from long-term lease contracts tied to the Consumer Price Index [2] - The company has maintained a 100% occupancy rate since going public in 2018, even during the pandemic, and had $507.5 million in cash and cash equivalents at the end of Q3 2025 [3] Group 2 - VICI Properties is a real estate investment trust specializing in casino and entertainment properties, with a history of raising dividends for seven consecutive years [3][4]

Core Insights - iREIT+HOYA Capital focuses on income-producing asset classes, aiming for sustainable portfolio income, diversification, and inflation hedging [1][2] - The investment group emphasizes high-yield, dividend growth investment ideas, targeting dividend yields up to 10% [2] Investment Strategy - The service provides research on various asset classes including REITs, ETFs, closed-end funds, preferreds, and dividend champions [2] - The approach is defensive in nature, suitable for medium- to long-term investment horizons [2] Market Context - The current market environment is characterized by a Santa Claus rally, indicating a favorable period for stock investments [2] - Despite the rally, there are still opportunities for value investing, suggesting that not all stocks are equally priced [2]

Company Overview - VICI Properties Inc. is a New York-based real estate investment trust (REIT) focused on high-value experiential real estate, primarily in casinos, hospitality, entertainment, and leisure properties, with a market cap of $29.6 billion [1]. Market Position - VICI is classified as a "large-cap stock" due to its market cap exceeding $10 billion, highlighting its size, influence, and dominance in the diversified REIT industry [2]. - The company has established itself as a dominant landlord in the gaming and leisure space through strong tenant credit profiles, inflation-linked rent escalators, and strategic acquisitions [2]. Stock Performance - VICI's stock has declined 18.5% from its 52-week high of $34.03, reached on March 10, and has underperformed the Real Estate Select Sector SPDR Fund (XLRE), which dropped only 2.8% over the same period [3]. - Over the past 52 weeks, VICI's shares have fallen 12.4%, compared to XLRE's 6.5% decline, and year-to-date, VICI is down 5.1% while XLRE has shown marginal returns [4]. Recent Financial Results - On October 30, VICI reported Q3 results with a topline growth of 4.4% year-over-year to $1 billion, and an increase in AFFO per share by 5.3% to $0.60, supporting its eighth consecutive annual dividend increase [5]. - The company has raised its fiscal 2025 AFFO per share guidance to a range of $2.36 to $2.37, indicating confidence in continued growth [5]. Competitive Analysis - VICI has underperformed compared to its rival EPR Properties, which gained 14.8% over the past 52 weeks and 16.6% year-to-date [6]. - Despite recent underperformance, analysts maintain a "Strong Buy" consensus rating for VICI, with a mean price target of $35.71, suggesting a 28.8% premium to current price levels [6].

Core Insights - VICI Properties is a prominent S&P 500 REIT with a diverse portfolio that includes gaming, hospitality, wellness, entertainment, and leisure destinations [1] Company Overview - VICI Properties owns one of the largest portfolios in the gaming and hospitality sector, indicating a strong market presence and potential for growth [1] Investment Strategy - The investment approach focuses on identifying REITs that are currently undervalued, particularly those that may be out of favor in the market [1] - The strategy emphasizes long-term investment horizons and seeks contrarian and deep-value opportunities [1]

Core Viewpoint - VICI Properties is a prominent S&P 500 REIT with a diverse portfolio in gaming, hospitality, wellness, entertainment, and leisure destinations [1] Group 1: Company Overview - VICI Properties owns one of the largest portfolios in the gaming and hospitality sectors, indicating a strong market position [1] - The company focuses on long-term investment strategies, particularly in identifying undervalued REITs [1] Group 2: Investment Strategy - The investment approach emphasizes contrarian and deep-value opportunities, suggesting a focus on stocks that are currently out of favor [1] - The investment horizon is long-term, aligning with the goal of assessing intrinsic value through fundamental economic insights [1]

Core Viewpoint - The article discusses the potential for real estate investment trusts (REITs) to attract investors as interest rates decline, comparing two specific REITs: Realty Income and Vici Properties, to determine which is a better investment for the future [1][2]. Group 1: Overview of Realty Income - Realty Income owns over 15,500 commercial properties primarily leased to recession-resistant retailers, maintaining an occupancy rate of 98.7% in 2024 [4]. - The company has a history of paying monthly dividends and has raised its payout 132 times since its IPO [4]. - Realty's adjusted funds from operations (AFFO) per share grew at a compound annual growth rate (CAGR) of 5% from 2019 to 2024, with expectations of a slight increase in AFFO for 2025 [11][12]. Group 2: Overview of Vici Properties - Vici Properties owns 93 casinos and entertainment properties, focusing on long-term leases with major tenants like Caesar's Entertainment and MGM Resorts, achieving a perfect occupancy rate of 100% since its IPO [6][7]. - The company has raised its dividend annually for seven consecutive years and expects its AFFO per share to rise by 4% to 5% in the near future [7][13]. - Vici's AFFO per share grew at a CAGR of 9% from 2019 to 2024, indicating strong performance despite macroeconomic challenges [13]. Group 3: Comparative Analysis - Both Realty and Vici are triple net lease REITs, requiring them to distribute at least 90% of their taxable income as dividends [3]. - Vici is considered a better investment due to its stronger AFFO growth, perfect occupancy rates, lower valuation, and higher dividends compared to Realty [15]. - As interest rates decline, both companies are expected to benefit from cheaper expansion opportunities and milder macroeconomic headwinds for their tenants [14].

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Group 1 - The article discusses the perspective of a dividend-focused investor considering which stocks to include in a portfolio if starting fresh today, particularly for retirees [1] - The investor emphasizes a preference for quality over quantity in selecting dividend-paying companies, aiming to build a portfolio that can supplement retirement income within the next 5-7 years [2] - The investor's goal is to assist lower and middle-class workers in building high-quality, dividend-paying investment portfolios to achieve financial independence [2] Group 2 - The article includes a disclosure of a beneficial long position in specific stocks such as ADC, VICI, and VZ, indicating a personal investment interest [3] - It is noted that the article is not providing financial advice and encourages readers to conduct their own due diligence [2][4] - The article highlights that past performance is not indicative of future results, and no specific investment recommendations are made [4]

Core Insights - The U.S. equity markets are currently experiencing volatility due to high valuations, sluggish economic signals, and uncertainty regarding the Federal Reserve's future actions, particularly affecting growth and AI-linked stocks [1] Group 1: Stock Selection Strategy - Retail investors face challenges in stock selection amidst market volatility, making traditional stock-picking methods more relevant [2] - Sales growth is emphasized as a more reliable metric for evaluating stocks compared to earnings growth, as it reflects underlying demand and business model durability [3][10] - Sustained sales growth leads to predictable cash flows, allowing companies to reinvest and maintain stability without excessive borrowing [5] Group 2: Screening Parameters for Stocks - Selected stocks should have a 5-Year Historical Sales Growth (%) greater than the industry average and Cash Flow exceeding $500 million [6] - Additional criteria include a Price-to-Sales (P/S) Ratio lower than the industry average, indicating better value for revenue [7] - Positive revisions in sales estimates compared to the industry can trigger stock price increases [7] Group 3: Key Metrics for Evaluation - An operating margin greater than 5% over the last five years indicates effective cost control and sales growth outpacing costs [8] - A Return on Equity (ROE) greater than 5% ensures that sales growth translates into profits, indicating wise spending and profitability [9] - Stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) are expected to outperform in various market conditions [9] Group 4: Recommended Stocks - Take-Two Interactive (TTWO) is projected to have a sales growth rate of 14.8% for fiscal 2026 and holds a Zacks Rank of 1 [11] - Globus Medical (GMED) anticipates a sales growth rate of 14.5% for 2025, also with a Zacks Rank of 1 [12] - Rockwell Automation (ROK) expects a sales increase of 5.8% in fiscal 2026 and has a Zacks Rank of 2 [13] - Canadian Natural Resources (CNQ) forecasts a sales growth of 5.7% for 2025, currently holding a Zacks Rank of 1 [14] - VICI Properties anticipates a sales growth of 4.1% in 2025 and has a Zacks Rank of 2 [15]