VICI Properties

VICI

Market cap $33.4B

Interest rates have been elevated since the pandemic, as we dealt with extremely high inflation. The Federal Reserve was late to the party, and only now are they beginning to cut interest rates.

REIT investing can be rewarding but also very punishing. The worst mistake you can make is to ignore the management quality. This is the No. 1 cause for big losses when investing in REITs.

REITs in 2025 have shown disciplined capital raising, issuing equity mainly when trading at premiums to NAV and capturing low-cost debt opportunistically. Welltower and CareTrust issued equity at significant premiums, signaling management's awareness of overvaluation and maximizing accretion for shareholders. Undervalued REITs like UMH Properties are shifting to share buybacks, recognizing the accretive opportunity at deep discounts to NAV and cheap AFFO multiples.

The heavy selling pressure might have exhausted for VICI Properties (VICI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

As markets hit record highs, stocks like StoneCo, Garmin, Assurant, VICI Properties and Duke Energy stand out for strong sales growth.

VICI Properties Inc. stock remains resilient despite near-term tourism headwinds and sector underperformance, supported by strong fundamentals and attractive valuation. VICI maintains a solid debt profile and over $600M in retained cash flow, providing flexibility for earnings-accretive growth as market conditions improve. AFFO growth is expected to normalize, but not decline, with long-term leases and high occupancy offering stability for income-focused investors.

VICI Properties offers a compelling 5.5% dividend yield, strong fundamentals, and trades at a discounted 12x forward P/FFO. VICI's high-margin, inflation-protected leases and strategic credit investments support reliable income and long-term growth potential. It has increasing exposure to CPI-linked leases and robust tenant quality, enhancing stability.

VICI Properties is a gaming-focused REIT that offers stable, low-risk exposure to the sector. VICI remains a top conviction holding, reflecting strong bullish sentiment and consistent outperformance in my portfolio. The stock's fundamentals and management execution support its position as one of the best REIT opportunities available.

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that it will release its third quarter 2025 financial results on Thursday, October 30, 2025 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, October 31, 2025 at 10:00 a.m. Eastern Time (ET). Conference Call and Webcast The conference call can be accessed by dialing +1 833-470-1428 (domestic) or +1 929-526.

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