Added to YB: 2026-10-08
Pitch date: 2026-10-05
VICI [bearish]
VICI Properties Inc.
-1.59%
current return
Author Info
No bio for this author
Company Info
VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.
Market Cap
$25.2B
Pitch Price
$22.58
Price Target
N/A
Dividend
7.87%
EV/EBITDA
11.83
P/E
8.88
EV/Sales
10.53
Sector
Specialized REITs
Category
dividend
Study: VICI Properties
VICI (pass): VICI’s 8.1% TTM dividend yield and 11% earnings yield do not adequately compensate for tenant concentration: Caesars and MGM provide about 70% of rent, while Caesars’ planned privatization introduces additional leverage and less transparency. Long-term triple-net master leases offer protection, but a Caesars insolvency could threaten dividend coverage. With AFFO per share likely only matching inflation, estimated pre-tax total returns of roughly 10% are not attractive.
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