Revenue segments as reported by the company.

Income from sales-type and direct financing leases

Income from lease financing receivables and loans

Other income

Golf revenues

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

General and administrative

Depreciation

Other expenses

Golf expenses

Change in allowance for credit losses

Transaction and acquisition expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Vici Properties

VICI Properties, Inc. is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property. The Golf Course Business segment consists of four golf courses. The company was founded on July 5, 2016 and is headquartered in New York, NY.

Earnings data Q1 2021

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Earnings data Q1 2023

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VICI Properties excels in Q4 2022, eyes sustained growth and strategic expansion

VICI Properties showcases a strong financial performance, strategic growth initiatives, and a commitment to disciplined capital allocation. With a focus on sustained growth, flexible debt management, and expanding business relationships, VICI is poised to capitalize on future opportunities and navigate market challenges effectively.

VICI Properties reports robust Q1 growth, eyes international expansion opportunities

VICI Properties' Q1 2023 earnings call highlighted strong performance, international expansion focus, and interest in experiential sectors like theme parks and commercial gaming properties. The company's financial stability, diverse portfolio, and strategic partnerships position it well for future growth despite market challenges and funding complexities.

VICI Properties excels in Q2, eyes diverse growth opportunities

VICI Properties demonstrated robust financial performance with double-digit AFFO per share growth and a strong liquidity position.
Strategic partnerships with Canyon Ranch and a focus on growth-minded operators highlight VICI's commitment to diversification and expansion.
While facing challenges in managing leverage and educating operators, VICI is well-positioned to capitalize on opportunities in various sectors and geographies.

VICI Properties reports robust Q3 performance amidst market challenges

VICI Properties delivered strong financial results and strategic partnerships in Q3 2023, showcasing resilience in a challenging REIT market.
The company's focus on financial discipline, growth opportunities, and market monitoring positions VICI for sustainable long-term success.
Despite facing uncertainties and market volatility, VICI Properties remains committed to prudent capital allocation and value creation strategies.

VICI Properties excels in Q4 2023 with strong growth and strategic investments

VICI Properties delivered strong financial results in Q4 2023, showcasing growth in AFFO per share and strategic investments in gaming and non-gaming properties. The company's emphasis on long-term partnerships, underwriting practices, and diversification highlights their commitment to stability and growth. VICI's proactive approach to exploring new opportunities and managing challenges positions them well for continued success in the real estate investment trust sector.

VICI Properties reports robust Q1 growth and strategic investments

VICI Properties delivered strong Q1 2024 performance, driven by strategic investments and financial stability.
The company's focus on asset durability, diverse revenue streams, and partnerships positions it well for long-term success.
Despite challenges like consumer spending disparities, VICI remains proactive in monitoring trends and leveraging growth opportunities.

VICI Properties reports strong Q3 earnings, eyes growth opportunities

VICI Properties' Q3 performance reflects financial strength and growth potential in the casino gaming sector.
While facing challenges such as market volatility and unique risks, the company's strategic focus on capital allocation and growth pillars positions it well for the future.
Opportunities in real estate acquisitions, regional gaming investments, and strategic partnerships offer avenues for continued expansion and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Agree Realty

Armada Hoffler Properties

Brookfield Renewable Partners

Farmland Partners

Realty Income Corp

Whitestone REIT

Not all REITs are created equal. Some perform better when inflation is high. Others when it is low. We explain how you can build an "all weather" REIT portfolio.

Building An 'All-Weather' REIT Portfolio

Gaming and Leisure Properties

Leisure and entertainment destinations were heavily impacted by the pandemic but are now experiencing increased consumer demand. VICI Properties and Gaming and Leisure Properties are two top leisure and hospitality REITs with different market caps. VICI Properties has outperformed Gaming and Leisure Properties over the past five years and has a strong portfolio of gaming, hospitality, and entertainment destinations.

Who's Doubling Down On Casinos?

This article discusses the importance of not judging companies based on their size and emphasizes the need to evaluate each business on its own merit. It highlights the advantages of scale for larger companies, such as the ability to sell more products or services at lower costs. We recommend two large-cap REITs as potential investment opportunities due to their dominant scale and strong financial positions.

Size Matters: 2 REITs We're Buying Hand Over Fist

VICI Properties is an attractive investment with the potential for double-digit earnings growth and multiple expansions. The company owns mission-critical entertainment and experiential properties with a 100% occupancy rate and long-term leases. VICI is expanding into the wellness sector and has a strong management team, making it a sector leader in experiential triple-net lease REITs.

At $30/Share Or Below, VICI Is A Massive 'Buy'

Arlington Asset Investment

Great Ajax

American Tower

Diversified Healthcare Trust

Ellington Financial

Extra Space Storage

Global Net Lease

Kimco Realty

Office Properties Income Trust

Prologis

Public Storage

Ready Capital Corp

Regency Centers

Ryman Hospitality Properties

Ramco-Gershenson Properties

Necessity Retail REIT

Uniti Group

Vanguard Real Estate ETF

Welltower

Rates Up, REITs Down. Commercial and residential real estate markets remain an easy transmission mechanism - or "punching bag" - of the Federal Reserve's historically swift monetary tightening cycle. Higher For Longer? The business models of many private equity funds and non-traded REITs were not designed for a period of sustained 5%+ rates or double-digit declines in property values. "Hope" is the only strategy for some highly-levered property owners amid a dearth of buying interest and dwindling refinancing options. CRE transactions and capital market activity has dipped to GFC-era-lows.

REITs Are Historically Cheap

VICI Properties is an entertainment REIT with numerous household-name casinos to its name. Near-term worries about the economy and consumer's ability to spend have punished the stock recently. We believe that a nascent item on VICI's balance sheet could be a boon to the stock in the future.

VICI: The Potentially Huge Asset Hiding In Plain Sight

Alexandria Real Estate Equities

Brixmor Property Group

Medical Properties Trust

STAG Industrial

Quite a few REITs have cut their dividend recently. But there are also REITs that continue to grow their dividends. I highlight 5 REITs that are likely to hike their dividend in the near term.

5 REITs That Will Likely Hike Their Dividends

Arbor Realty Trust

Alerian MLP ETF

Clearway Energy

WisdomTree US Quality Dividend Growth Fund

Global X SuperDividend US ETF

Intel

NextEra Energy

Schwab US Dividend Equity ETF

Invesco S&P 500 High Dividend Low Volatility ETF

SPDR S&P 500 ETF Trust

Vanguard Dividend Appreciation ETF

The conundrum for dividend investors is whether to invest in high-yield stocks or low-yielding stocks with fast dividend growth. Higher yields benefit accumulators by reinvesting dividends into more shares, but dividend growth typically generates higher total returns. For withdrawers, high yield has some obvious benefits but also some potential pitfalls, while some argue dividend growth is the best way to go even for retirees.

High Yield Or Fast Dividend Growth? Have Your Cake And Eat It Too

Apple Hospitality REIT

Crown Castle International

Claros Mortgage Trust

Camden Property

Equinix

Highwoods Properties

Innovative Industrial Properties

Invitation Homes

Lamar Advertising

National Storage Affiliates Trust

Rithm Capital Corp

Simon Property Group

Sun Communities

W. P. Carey

Weyerhaeuser

REIT valuations are down and yields are up, making them attractive to income investors again. The article suggests a diversified REIT portfolio for beginners, with one REIT from each sector, to form a REIT fantasy football team. Different types of REITs serve different roles, including stable income, growth potential, and niche opportunities.

REIT Fantasy Football: 11 Companies For Your Starting Lineup

Mid-America Apartment Communities

National Retail Properties

I reflect on my past experiences as a real estate developer and the financial collapse I faced. Investing in quality properties that provide long-term value is of utmost importance. Emphasis must be placed on the significance of quality balance sheets and management teams in successful investing.

Lessons Learned: Adversity Is Bitter But Its Uses May Be Sweet

Agree Realty and Vici Properties are in businesses with enduring appeal. Groceries and gambling are easy to understand, and these REITs provide the space.

Got $2,000? 2 Simple Stocks to Buy Right Now

NewLake Capital Partners, Inc.

REITs are a great way to get exposure to the real estate market without investing directly in real estate properties. And they also offer some unique perks, such as very high dividends compared to other stocks.

The 3 Most Undervalued REITs to Buy Now: August 2023

SPDR S&P Midcap 400 ETF Trust

SPDR Portfolio Small Cap ETF

Larger REITs have outperformed small- and mid-sized REITs in the last five years, thanks partially to their concentration in high-growth sectors. Modestly leveraged REITs can still grow their bottom-line profits even with rapidly rising interest expenses because revenue is growing as well. I highlight five high-quality, larger market cap REITs that are currently trading at reasonable (or better-than-reasonable) valuations. I'm buying for the long haul.

Bloodshed On REIT Street: 5 High-Quality Landlords I'm Buying For The Long Haul

We emphasize the value of reading and considering different perspectives, even if they don't align with one's own beliefs. This article highlights comments from readers expressing concerns about the state of the US economy and consumer debt. We recommend considering real estate investment trusts such as Realty Income, Mid-America Apartment Communities, Agree Realty, and VICI Properties for consistent dividend payments and potential long-term returns.

REIT Income For Life

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties”, “VICI” or the “Company”) an experiential real estate investment trust, today announced that the Company provided the previously announced mortgage financing secured primarily by Canyon Ranch Tucson and Canyon Ranch Lenox in an amount of $140,135,000. The proceeds from the mortgage financing were used to refinance Canyon Ranch's existing CMBS secured by these two assets. The mortgage financing has an initial term of.

VICI Properties Inc. Provides $140 Million Canyon Ranch Mortgage Financing

Hotel REITs faced significant challenges during the pandemic but are now showing signs of recovery. Apple Hospitality REIT is a top performer with a well-diversified portfolio and strong balance sheet, offering a 6.6% yield. VICI Properties stands out with its asset portfolio and offers a 5.2% yield.

Juicy Income With These 2 Hotel REITs

EPR Properties

Essential Properties Realty Trust Inc

Four Corners Property Trust

REITs have experienced a selloff, creating attractive valuations and high dividend yields in the net lease REIT sector. The key to unlocking value in REITs is selecting stocks that demonstrate growth potential. Net lease REITs with the most favorable cost of capital include Agree Realty, Four Corners Property Trust, Realty Income, NETSTREIT, Essential Properties Realty Trust, and VICI Properties.

Epic REIT Rally 3.0 (The Most Important Thing)

News for Vici Properties Stock (VICI)