Group 1 - VICI Properties is a REIT focused on gaming and hospitality properties, formed from the Caesars private equity deal and subsequent bankruptcy, and has one of the largest portfolios of leisure assets [1] - The analyst emphasizes a strategy of identifying undervalued and disliked companies or industries with strong fundamentals and good cash flows, particularly in sectors like Oil & Gas and consumer goods [1] - The analyst expresses a preference for long-term value investing while also engaging in deal arbitrage opportunities, citing examples such as Microsoft/Activision Blizzard and Spirit Airlines/Jetblue [1] Group 2 - The analyst does not hold any stock or derivative positions in the companies mentioned and has no plans to initiate any positions within the next 72 hours [2] - The article reflects the analyst's personal opinions and is not compensated for it, aside from Seeking Alpha [2] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not represent the platform as a whole [3]

Core Insights - VICI Properties (VICI) demonstrates strong stability in share prices within the REITs sector, although its yield is not significantly higher than that of money markets and treasuries [1] Group 1: Company Overview - VICI Properties is positioned in the experiential real estate sector, which is gaining interest due to its stability and potential for growth [1]

Core Insights - The Motley Fool aims to enhance the financial literacy and well-being of individuals by providing investment solutions and market analysis [1] Company Overview - Founded in 1993, The Motley Fool is a financial services company focused on making the world smarter, happier, and richer [1] - The company reaches millions of people monthly through various platforms, including premium investing solutions, free guidance, and market analysis on Fool.com [1] - The Motley Fool also produces top-rated podcasts and operates a non-profit organization, The Motley Fool Foundation [1]

Core Insights - The search for the best dividend picks is complex due to the overwhelming variety of investment options available in the market [1] Group 1: Investment Focus - The emphasis is on sectors such as AI, fintech, finance, and technology for long-term growth opportunities [1] - The analysis includes business models, earnings performance, and competitive positioning of publicly traded companies [1] Group 2: Research and Analysis - The company engages in equity research, financial modeling, and investment content creation to provide insights [1] - A finance-focused YouTube channel named "The Market Monkeys" is utilized to share investment strategies and market trends [1] Group 3: Contribution to Investment Community - The goal is to offer clear and unbiased insights into companies' strengths, risks, and valuations to assist investors in forming their own opinions and strategies [1]

Since my last analysis on VICI Properties (NYSE: VICI ), the stock was trading below $30, which is a level where I feel most comfortable buying. In addition to being somewhat psychological, this is also based on allowing a dividend yield closerEquity Research Analyst with a broad career in the financial market, covered both Brazilian and global stocks. As a value investor, my analysis is primarily fundamental, focusing on identifying undervalued stocks with growth potential. Feel free to reach out for colla ...

Core Viewpoint - VICI Properties Inc. is set to announce its financial results on July 30, 2025, with expectations of growth in both earnings per share (EPS) and revenue compared to the previous year [2][3]. Financial Performance - The company closed the most recent trading day at $32.98, reflecting a daily increase of 1.17%, outperforming the S&P 500's loss of 0.11% [1]. - Over the last month, VICI's shares increased by 2.61%, lagging behind the Finance sector's gain of 3.03% and the S&P 500's gain of 5.17% [1]. - The upcoming earnings report is projected to show an EPS of $0.59, indicating a growth of 3.51% year-over-year, with quarterly revenue expected to reach $995.46 million, up 4.02% from the same period last year [2]. Annual Estimates - For the entire fiscal year, earnings are projected at $2.35 per share and revenue at $3.98 billion, representing increases of 3.98% and 3.5% respectively from the prior year [3]. - Recent changes in analyst estimates indicate a positive outlook for VICI, reflecting analysts' confidence in the company's performance and profit potential [3]. Valuation Metrics - VICI Properties Inc. has a Forward P/E ratio of 13.9, which is higher than the industry average of 11.47, suggesting that the company is trading at a premium [6]. - The company has a PEG ratio of 3.02, compared to the industry average of 2.39, indicating a higher 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 96, placing it in the top 39% of over 250 industries [7]. - The Zacks Rank system, which assesses stocks based on estimate changes, currently ranks VICI as 2 (Buy), reflecting a positive investment outlook [5].

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on VICI Properties Inc. (VICI), and suggests that while the average brokerage recommendation (ABR) indicates a strong buy, investors should be cautious and validate this information with other tools like the Zacks Rank [1][5][10]. Summary by Sections Brokerage Recommendations - VICI Properties has an average brokerage recommendation (ABR) of 1.32, indicating a position between Strong Buy and Buy, based on recommendations from 22 brokerage firms [2]. - Out of the 22 recommendations, 18 are Strong Buy and 1 is Buy, which accounts for 81.8% and 4.6% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations may not be advisable, as studies show they often fail to guide investors effectively towards stocks with high price appreciation potential [5]. - Brokerage firms tend to exhibit a positive bias in their ratings due to vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [6][10]. Zacks Rank as an Alternative - The Zacks Rank is presented as a more reliable tool for predicting stock price movements, categorizing stocks from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) based on earnings estimate revisions [8][11]. - The Zacks Rank is updated more frequently than the ABR, reflecting timely changes in earnings estimates, which are strongly correlated with near-term stock price movements [12]. Current Outlook for VICI Properties - The Zacks Consensus Estimate for VICI Properties has increased by 0.2% over the past month to $2.35, indicating growing optimism among analysts regarding the company's earnings prospects [13]. - The recent change in consensus estimates, along with other factors, has resulted in a Zacks Rank 2 (Buy) for VICI Properties, suggesting that the Buy-equivalent ABR may be a useful guide for investors [14].

Investor Presentation DISCLAIMERS Forward Looking Statements Non‐GAAP Financial Measures This presentation includes reference to Funds From Operations ("FFO"), FFO per share, Adjusted Funds From Operations ("AFFO"), AFFO per share, and Adjusted EBITDA, which are not required by, or presented in accordance with, generally accepted accounting principles in the United States ("GAAP"). These are non-GAAP financial measures and should not be construed as alternatives to net income or as an indicator of operating ...

Core Viewpoint - VICI Properties Inc. has demonstrated strong stock performance with a year-to-date gain of 12.7%, surpassing both the Zacks REIT and Equity Trust - Other industry growth of 5.5% and the S&P 500 composite's 2.8% increase [1] Financial Performance - In Q1 2025, VICI reported continued benefits from expansion efforts and strategic investments, including a $510 million development fund agreement for the North Fork Mono Casino & Resort [2] - The company has a solid dividend yield of 5.5% and has achieved a 7.4% compounded annualized dividend growth rate since 2018, outperforming many peers [7][8] - VICI's adjusted EBITDA has expanded by 365% since its inception in 2017, indicating significant growth beyond gaming properties [12] Portfolio and Stability - VICI owns a diverse portfolio of 54 gaming and 39 experiential assets across the U.S. and Canada, secured by long-term triple-net leases with an average lease term of 40.7 years and a 100% occupancy rate [10] - The company expects a rent toll of 42% with CPI-linked escalation in 2025, projected to rise to 90% by 2035, enhancing revenue growth in inflationary environments [11] - 74% of VICI's rent roll comes from S&P 500 tenants, contributing to income stability and creditworthiness [11] Valuation and Market Position - VICI Properties is trading at a forward 12-month price-to-FFO of 13.68X, below the REIT-Other industry average of 15.73X, indicating a potentially undervalued position [19] - The stock is considered appealing for investment due to its compelling dividend payout, high-quality portfolio, and disciplined expansion strategy [22][23]

Core Viewpoint - Net lease REITs, particularly Realty Income Corporation and VICI Properties Inc., are appealing to income-focused investors due to their predictable cash flows and strong tenant relationships, but they differ in strategies, sector exposure, and long-term reliability [1][2]. Realty Income Corporation - Realty Income, known as "The Monthly Dividend Company," has a strong track record with 131 dividend hikes since 1994, 30 consecutive years of dividend growth, and 111 straight quarterly increases, supported by a diversified portfolio of 15,627 properties across 50 states and various industries [3][4]. - The company focuses on single-tenant, freestanding properties under long-term net leases, achieving a historical median occupancy rate of 98.2%, and is expanding into high-growth areas like data centers and gaming, with expected full-year investments of around $4 billion [4][5]. - Realty Income maintains $2.9 billion in liquidity, investment-grade ratings (A-/A3), and a fixed charge coverage ratio of 4.7, indicating a strong balance sheet for future growth [5]. - The company faces risks from retail exposure, interest rate sensitivity, and elevated leverage, with $27.6 billion in debt and a year-over-year increase in interest expenses of 11.5% to $268.4 million in Q1 2025 [6]. VICI Properties Inc. - VICI Properties specializes in experiential net lease assets, with a portfolio of 93 properties, including major gaming and hospitality venues, under long-term triple-net leases with terms ranging from 15 to 32 years [7][8]. - The company boasts a 100% occupancy rate and a significant portion of its rent (74%) comes from S&P 500 tenants, providing a strong income stream, with 42% of leases linked to CPI in 2025, expected to rise to 90% by 2035 for inflation protection [8][10]. - VICI is diversifying its portfolio beyond gaming through acquisitions and strategic loans, maintaining $3.2 billion in liquidity and a targeted net leverage ratio of 5-5.5, while offering a 7.4% CAGR in dividends since 2018 [10][11]. Financial Estimates and Performance - The Zacks Consensus Estimate for Realty Income's 2025 sales and funds from operations (FFO) per share indicates year-over-year growth of 6.48% and 2.15%, respectively, with FFO per share estimates revised slightly upward [12]. - For VICI Properties, the 2025 sales and FFO per share estimates imply year-over-year growth of 3.5% and 3.54%, with positive revisions over the past 60 days [12][14]. - Year-to-date, Realty Income shares have increased by 8.1%, while VICI Properties stock has risen by 11.2%, outperforming the S&P 500's 1.8% increase [15]. Valuation - Realty Income is trading at a forward 12-month price-to-FFO of 13.30X, slightly above its one-year median of 13.14X, while VICI is at 13.63X, close to its one-year median of 13.60X [15]. - Realty Income has a Value Score of D, whereas VICI holds a Value Score of C, indicating a relative valuation perspective [15]. Conclusion - Realty Income is recognized for its scale and reliability, while VICI Properties is noted for its superior income safety profile due to longer lease durations, mission-critical assets, and inflation protection, making VICI a more attractive option for income-seeking investors amid economic uncertainties [17].