Core Insights - Seven real estate stocks to watch include American Tower, Opendoor Technologies, Alexandria Real Estate Equities, Welltower, Blackstone, VICI Properties, and AGNC Investment, noted for their high trading volume recently [2] Company Summaries - **American Tower (AMT)**: A leading global REIT with over 224,000 communications sites and a significant presence in U.S. data center facilities [3] - **Opendoor Technologies (OPEN)**: Operates a digital platform for residential real estate transactions, offering services for homeowners to sell directly or list their homes [3] - **Alexandria Real Estate Equities (ARE)**: A life science REIT focused on collaborative life science and advanced technology campuses in key innovation areas [4] - **Welltower (WELL)**: A REIT transforming healthcare infrastructure by investing in seniors housing and health systems to enhance care delivery models [5] - **Blackstone (BX)**: An alternative asset management firm specializing in real estate and private equity, also providing capital markets services [6] - **VICI Properties (VICI)**: An experiential REIT with a portfolio of major gaming and hospitality destinations, including iconic Las Vegas properties [7] - **AGNC Investment (AGNC)**: A REIT investing in agency residential mortgage-backed securities, focusing on government-backed securities [7]

Core Insights - VICI Properties Inc. is expected to report third-quarter 2025 earnings on October 30, with anticipated growth in revenues and adjusted funds from operations (AFFO) per share [1][8] - The company reported an AFFO per share of 60 cents in the last quarter, aligning with the Zacks Consensus Estimate [1] Financial Performance - Over the last four quarters, VICI's AFFO per share exceeded the Zacks Consensus Estimate once and met expectations in the other quarters, with an average surprise of 0.45% [2] - The Zacks Consensus Estimate for quarterly revenues is $1.00 billion, indicating a growth of 3.99% from the previous year's quarter [3] - Income from sales-type leases is estimated at $530.52 million, up from $518.69 million year-over-year [4] - Income from lease financing receivables and loans is projected at $439.41 million, an increase from $419.12 million in the prior year [4] - Revenues from golf operations are expected to reach $8.49 million, up from $7.55 million in the year-ago period [4] - The consensus for other income stands at $19.51 million, slightly up from $19.32 million in the previous year [5] Growth Drivers - VICI's performance is likely supported by strong partnerships with top-tier experiential operators and stable revenue generation from long-term triple-net leases [2][8] - The company has diversified its portfolio beyond gaming, including investments in non-gaming experiential assets like Chelsea Piers and Bowlero, which contributes to revenue growth [3][8] Earnings Predictions - The Zacks Consensus Estimate for quarterly AFFO per share has remained unchanged at 59 cents for over three months, indicating a growth of 3.51% from the year-ago quarter [5] - The current Earnings ESP for VICI Properties is 0.00%, with a Zacks Rank of 2, suggesting a lack of definitive prediction for a surprise in AFFO per share this quarter [6][7]

Core Insights - VICI Properties Inc. closed at $31.21, with a daily increase of +1.13%, outperforming the S&P 500's gain of 1.07% [1] - The company has experienced a monthly decline of 3.08%, which is worse than the Finance sector's loss of 2.19% and the S&P 500's gain of 1.08% [1] Earnings Performance - VICI Properties Inc. is set to release its earnings report on October 30, 2025, with projected earnings per share (EPS) of $0.6, indicating a 5.26% increase year-over-year [2] - Revenue is expected to reach $1 billion, reflecting a 3.99% rise from the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at $2.4 per share and revenue at $4 billion, representing increases of +6.19% and +3.98% respectively from the prior year [3] - Recent analyst estimate revisions suggest a positive outlook for the business [3] Analyst Ratings - The Zacks Rank system rates VICI Properties Inc. at 2 (Buy), with a historical average annual return of +25% for stocks rated 1 since 1988 [5] - The Zacks Consensus EPS estimate has increased by 0.2% in the past month [5] Valuation Metrics - VICI Properties Inc. has a Forward P/E ratio of 12.89, which is higher than the industry average of 11.3 [6] - The company has a PEG ratio of 3.04, compared to the industry average of 2.68, indicating a premium valuation relative to expected earnings growth [7] Industry Context - The REIT and Equity Trust - Other industry, which includes VICI, has a Zacks Industry Rank of 75, placing it in the top 31% of over 250 industries [7][8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Insights - VICI Properties Inc. has entered into a new agreement with Clairvest Group for the Northfield Park property in Ohio, previously owned by MGM Resorts International [1] - The lease for Northfield Park will have an initial annual base rent of $53 million, increasing to $54 million with a 2% escalation if closing occurs after May 1, 2026 [2] - The MGM master lease will be amended to reflect the divestiture, resulting in a reduction in annual base rent [3] Lease Details - The new lease will commence a 25-year term with three 10-year renewal options, maintaining other terms [2] - The transaction is expected to be completed in the first half of 2026, pending customary closing conditions and regulatory approvals [3] Clairvest Group's Role - Clairvest is a leader in the gaming industry with ownership interests in 36 assets, enhancing Northfield Park's competitiveness in Ohio gaming [4] - The partnership with Clairvest is expected to bolster VICI's revenue stability amid economic uncertainty [5] VICI Properties Overview - VICI Properties has a diversified portfolio of gaming, hospitality, and entertainment destinations across 26 states in the U.S. and one Canadian province [6] - The company is expanding beyond gaming by investing in non-gaming experiential assets, such as Chelsea Piers and Lucky Strike Entertainment, to reduce exposure to gaming-specific volatility [7] Agreement Impact - The agreement with Clairvest modifies the MGM lease through the Northfield Park divestiture, ensuring stable base rent and extended renewal options for VICI [9]

Core Insights - VICI Properties Inc. is a real estate investment trust focusing on single-tenant, triple-net leased properties in gaming, hospitality, and entertainment sectors [1] Financial Performance - The company is set to report Q3 2025 earnings on October 30, with analysts expecting EPS of $0.65, an increase from $0.57 in the same period last year [2] - Quarterly revenue is projected to reach $1 billion, up from $964.67 million year-over-year [2] - In Q2 2025, VICI Properties reported FFO of $0.60, exceeding the consensus estimate of $0.59, with revenues also at $1 billion, surpassing the consensus of $990.54 million [3] Growth Metrics - The company experienced a 4.6% increase in quarterly revenue and nearly a 5% rise in quarterly AFFO per share year-over-year, attributed to effective business model flow-through and internal growth from contractual rent escalations [4] - For the full year 2025, VICI expects AFFO per diluted share to be between $2.35 and $2.37 [4] Dividend Information - VICI Properties has a dividend yield of 5.75%, having paid $1.80 per share in dividends over the last 12 months [2] - To generate an income of $100 per month from dividends, an investment of approximately $20,870 is required, based on the current dividend yield [6]

Core Viewpoint - VICI Properties Inc. has entered into agreements related to MGM Northfield Park, which includes a new lease with Clairvest Group and an amendment to the existing MGM Master Lease, reflecting VICI's strategy to expand its tenant base and maintain strong partnerships in the gaming sector [1][3][4]. Summary by Sections Transaction Details - VICI Properties will lease the real property of MGM Northfield Park to an affiliate of Clairvest, with an initial annual base rent of $53 million, increasing to $54 million if the closing occurs after May 1, 2026, due to a 2% annual escalation clause [3][4]. - The new lease will have a 25-year term with three 10-year renewal options, and will include similar terms to the MGM Master Lease, such as a 2% annual escalation and a minimum capital expenditure requirement of 1% of annual net revenue [3][4]. Company Background - VICI Properties is an S&P 500 experiential real estate investment trust that owns a diverse portfolio of gaming and entertainment properties, including iconic locations like Caesars Palace and MGM Grand [6][7]. - The company currently owns 93 experiential assets across the U.S. and Canada, comprising approximately 127 million square feet and featuring around 60,300 hotel rooms and over 500 dining and entertainment venues [7]. Clairvest Group - Clairvest is a leading private equity management firm with a strong track record in the gaming sector, having owned interests in 36 gaming assets over the past two decades [2][8]. - The firm aims to partner with entrepreneurs to build strategically significant businesses and manages over $4.6 billion in capital [8].

Core Insights - VICI Properties Inc. is valued at a market cap of $33 billion and is a leading experiential real estate investment trust, owning major properties like Caesars Palace Las Vegas and MGM Grand [1] - The company is set to announce its fiscal Q3 earnings for 2025 on October 30, 2023, with analysts expecting an FFO of $0.60 per share, reflecting a 5.3% increase from the previous year [2] Financial Performance - For fiscal 2025, VICI is projected to report an FFO of $2.37 per share, which is a 4.9% increase from $2.26 per share in fiscal 2024, with further growth expected to $2.49 per share in fiscal 2026 [3] - In Q2, VICI reported quarterly revenue of $1 billion, marking a 4.6% year-over-year increase and slightly exceeding consensus estimates, driven by higher income from sales-type leases and lease financing [5] - The company's AFFO for Q2 was $0.60 per share, up 5.3% from the same period last year, aligning with analyst expectations [6] Market Performance - Over the past 52 weeks, VICI's shares have decreased by 5%, underperforming the S&P 500 Index's 14.4% increase but outperforming the Real Estate Select Sector SPDR Fund's 5.8% decline [4] - Wall Street analysts maintain a "Strong Buy" rating for VICI, with 18 out of 23 analysts recommending "Strong Buy," one suggesting "Moderate Buy," and four advising "Hold," indicating a mean price target of $36.86, which suggests a 19.2% potential upside [7]

Group 1 - The investment approach has received over 500 five-star reviews from members who are experiencing benefits [1] - The company invests thousands of hours and over $100,000 annually into researching profitable investment opportunities [1] - The investment strategies offered are focused on real estate and are available at a fraction of the typical cost [1] Group 2 - Jussi Askola leads the High Yield Landlord investing group, sharing real-money REIT portfolio and transactions in real-time [2] - The group features three portfolios: core, retirement, and international, along with buy/sell alerts and direct access to analysts [2] - Jussi Askola is the President of Leonberg Capital, a value-oriented investment boutique consulting hedge funds and private equity firms on REIT investing [2]

Core Viewpoint - VICI Properties Inc. (VICI) has experienced a downtrend with a 6.6% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround as analysts expect better earnings than previously predicted [1] Group 1: Technical Indicators - The Relative Strength Index (RSI) is a momentum oscillator that indicates whether a stock is oversold, with readings below 30 typically signaling this condition [2] - VICI's current RSI reading is 29.06, indicating that heavy selling may be exhausting itself, which could lead to a price rebound [5] - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify potential reversal points, making it a useful tool for investors seeking entry opportunities [3] Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding VICI, with a 0.2% increase in the consensus EPS estimate over the last 30 days, suggesting potential price appreciation [7] - VICI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a favorable outlook for a near-term turnaround [8]

Core Thesis - VICI Properties Inc. is presented as a strong investment opportunity due to its unique structure as a REIT focused on triple net leases, which minimizes operational risks and provides stable income [2][4]. Company Overview - VICI Properties is an equity REIT that specializes in triple net leases of gaming, resort, and entertainment properties, allowing tenants to cover all property-related expenses [2]. - The company has a significant portfolio, with 31 MGM and Caesars properties contributing to 74% of its revenue [2]. Financial Performance - VICI's trailing and forward P/E ratios are reported at 12.04 and 10.87 respectively, indicating a potentially attractive valuation [1]. - The REIT has shown resilience against declines in tourist traffic, as these affect casino operators rather than VICI, and it benefits from rent escalation clauses tied to inflation [3]. Investment Strategy - The focus on NNN leases in prime entertainment locations offers a low-volatility investment alternative compared to direct casino ownership, which is more susceptible to market fluctuations [4]. - VICI provides predictable cash flow yields and low operational risk, appealing to long-term investors seeking stability [4]. Capital Management - Unlike many REITs that dilute shareholders through stock issuance, VICI's capital raises have been accretive, leading to revenue and net income growth that outpaces share growth [3]. - The strategic transition from higher-volatility assets to VICI reflects a cautious investment approach while maintaining exposure to the Las Vegas gaming sector [4].