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VICI Properties (VICI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-07-31 23:01
For the quarter ended June 2024, VICI Properties Inc. (VICI) reported revenue of $957 million, up 6.6% over the same period last year. EPS came in at $0.57, compared to $0.69 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $956.61 million, representing a surprise of +0.04%. The company delivered an EPS surprise of +1.79%, with the consensus EPS estimate being $0.56. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...
VICI(VICI) - 2024 Q2 - Quarterly Report
2024-07-31 20:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q _____________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number: 001-38372 (VICI Properties Inc.) Commission file number: 333-2 ...
VICI(VICI) - 2024 Q2 - Quarterly Results
2024-07-31 20:16
Exhibit 99.1 VICI PROPERTIES INC. ANNOUNCES SECOND QUARTER 2024 RESULTS - Reports 6.6% Year-over-Year Revenue Growth - - Announced Capital Investment in the Venetian Resort through the Partner Property Growth Fund - - Announced $250 Million Great Wolf Mezzanine Loan - - Raises Guidance for Full Year 2024 - NEW YORK, NY – July 31, 2024 – VICI Properties Inc. (NYSE: VICI) ("VICI Properties", "VICI" or the "Company"), an experiential real estate investment trust, today reported results for the quarter ended Ju ...
What to Expect From VICI Properties (VICI) in Q2 Earnings?
ZACKS· 2024-07-30 15:56
In the last reported quarter, this New York-based experiential REIT, which owns the portfolios of marketleading gaming, hospitality and entertainment destinations, reported an adjusted FFO per share of 56 cents, in line with the Zacks Consensus Estimate. Factors at Play VICI has announced around $37 billion of domestic and international investments across gaming & other experiential assets since its formation in 2017. These investments are expected to have boosted the company's top and bottom lines in the s ...
Stay Ahead of the Game With VICI Properties (VICI) Q2 Earnings: Wall Street's Insights on Key Metrics
ZACKS· 2024-07-29 14:22
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock. It is projected by analysts that the 'Revenues- Golf revenues' will reach $11.46 million. The estimate suggests a change of + ...
VICI Properties: Why I'm Staying Bullish On This Gaming REIT Currently Yielding 5.47%
Seeking Alpha· 2024-07-27 05:49
T I dia F I 1 2017 I i ma i E li As an income-driven investor with a knack for companies that operate within the casino gaming sector either in whole or in part, I wanted to take a closer look at several of the reasons as to why I'm staying bullish on shares of VICI Properties (NYSE:VICI) which currently trades at $30.42/share and offers its investors an annualized yield of 5.47% ($1.66/share). VICI Properties is a "real estate investment trust (REIT) that owns one of the largest portfolios of market-leadin ...
Still Bullish On VICI Properties With Earnings On The Table
Seeking Alpha· 2024-07-27 04:12
Leland Bobbe/DigitalVision via Getty Images One of the more interesting publicly traded REITs on the market today has got to be VICI Properties (NYSE:VICI). For those not familiar with the company, it operates as a major owner of gambling and other gaming related assets. By investing in these types of properties, and diversifying somewhat over the years, the company has grown to be a rather large enterprise with a market capitalization as of this writing of $30.72 billion. Back in April of this year, I wrot ...
VICI Properties: I Am Getting A 5.4% Yield On My Last Buy
Seeking Alpha· 2024-07-22 02:04
Walter Bibikow/DigitalVision via Getty Images VICI Properties owns a cyclical, yet inflation-protected real estate portfolio that is dominated by gaming properties. The presence of rent escalators and the leading position of Las Vegas as a tourist destination were reasons that supported my prior Buy recommendation for VICI Properties. I think that VICI Properties continues to deliver solid FFO value to passive income investors in a growing economy. The trust is also poised to announce a higher dividend in S ...
VICI Properties: Price Disconnected From Strong Fundamentals
Seeking Alpha· 2024-07-21 12:00
VICI Properties Inc (VICI) Price % Change The Real Estate Select Sector SPDR® (XLRE) Price % Change SPDR® S&P 500® ETF Trust (SPY) Price % Change Jul 22 Jan 23 Seeking AlphaQ ed by YCHARTS Data by YCharts Remember how I mentioned strong fundamentals? Well, VICI has 91% of their annualized rent coming in from tenants that have rent toll with parent guarantes. This means that the parent companies of the tenants have essentially promised to back the lease obligations in cases where the tenant may fail to pay. ...
VICI Properties Vs. W. P. Carey: What Is The Best REIT?
Seeking Alpha· 2024-07-18 12:30
Data by YCharts | --- | --- | --- | |----------------|--------------|-------------| | | | | | | WPC | VICI | | | | | | P/FFO | 12x | 13x | | P/NAV | 20% discount | 8% discount | | Dividend Yield | 6% | 5.5% | Typically, the main advantage of net lease REITs like Realty Income (O) is the consistency of the cash flow, but the downside is that their annual rent hikes are generally limited to just 1-2% per year. But W. P. Carey Inc. (NYSE:WPC) and VICI Properties Inc. (NYSE:VICI) are exceptions. They are unique ...