VICI Properties: Price Disconnected From Strong Fundamentals

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. ...