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Upturn AI SWOT - About
VICI 
VICI Properties Inc (VICI)
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Upturn Advisory Summary
06/30/2025: VICI (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
24 Analysts rated it
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Year Target Price $36.12
Year Target Price $36.12
| 14 | Strong Buy |
| 7 | Buy |
| 3 | Hold |
| 0 | Under performing |
| 0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit 0.92% | Avg. Invested days 26 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 34.45B USD | Price to earnings Ratio 12.94 | 1Y Target Price 36.12 |
Price to earnings Ratio 12.94 | 1Y Target Price 36.12 | ||
Volume (30-day avg) 24 | Beta 0.72 | 52 Weeks Range 26.08 - 33.13 | Updated Date 06/30/2025 |
52 Weeks Range 26.08 - 33.13 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 5.36% | Basic EPS (TTM) 2.52 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 67.81% | Operating Margin (TTM) 76.76% |
Management Effectiveness
Return on Assets (TTM) 4.87% | Return on Equity (TTM) 10.12% |
Valuation
Trailing PE 12.94 | Forward PE 11.6 | Enterprise Value 51878611209 | Price to Sales(TTM) 8.87 |
Enterprise Value 51878611209 | Price to Sales(TTM) 8.87 | ||
Enterprise Value to Revenue 13.36 | Enterprise Value to EBITDA 14.76 | Shares Outstanding 1056710016 | Shares Floating 1052712770 |
Shares Outstanding 1056710016 | Shares Floating 1052712770 | ||
Percent Insiders 0.28 | Percent Institutions 101.64 |
Analyst Ratings
Rating 5 | Target Price 36.12 | Buy 7 | Strong Buy 14 |
Buy 7 | Strong Buy 14 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
VICI Properties Inc
Company Overview
History and Background
VICI Properties Inc. was formed in 2017 as part of Caesars Entertainment's bankruptcy restructuring. It became a publicly traded REIT, focusing on experiential real estate assets.
Core Business Areas
- Gaming: Owns a portfolio of gaming, hospitality and entertainment destinations, leased to tenants under long-term triple-net lease agreements.
- Hospitality: Leases properties, mostly gaming related, in various states across the country.
- Entertainment: Diversifying into other experiential categories like wellness and lifestyle.
Leadership and Structure
The CEO is Edward Pitoniak. The company operates as a REIT, with a board of directors overseeing management.
Top Products and Market Share
Key Offerings
- Gaming Real Estate Leases: VICI's primary revenue source is leases from gaming properties like Caesars Palace and MGM Grand. Market share data is complex due to the REIT structure, but VICI is one of the largest gaming REITs. Competitors include Gaming and Leisure Properties (GLPI) and Realty Income (O).
- Hospitality Real Estate Leases: Diversifying into hospitality properties beyond gaming. This expands the company's addressable market. Competitors are broad and vary by sub-sector.
Market Dynamics
Industry Overview
The gaming REIT industry is growing, driven by demand for experiential real estate and long-term lease structures. The hospitality industry is recovering post-pandemic.
Positioning
VICI is a leading experiential REIT with a focus on gaming, diversifying into other entertainment and hospitality assets. Its competitive advantage lies in its scale and relationships with major gaming operators.
Total Addressable Market (TAM)
The TAM is estimated to be in the tens of billions, encompassing all experiential real estate. VICI is positioned to capture a significant share with strategic acquisitions and organic growth.
Upturn SWOT Analysis
Strengths
- Diversified portfolio of high-quality assets
- Long-term triple-net lease agreements
- Strong relationships with major gaming operators
- Significant scale and financial resources
- Experienced management team
Weaknesses
- Concentration in gaming industry, making it more suseptible to gaming economic declines.
- Dependence on the financial health of its tenants.
- Interest rate sensitivity.
- Limited diversification compared to broader REITs
Opportunities
- Further acquisitions of gaming and experiential real estate
- Expansion into new experiential categories
- Development of new properties
- Strategic partnerships with gaming operators
- Capitalize on growing demand for experiential destinations
Threats
- Economic downturn impacting gaming and hospitality
- Increased competition from other REITs
- Changes in gaming regulations
- Tenant bankruptcies or lease defaults
- Rising interest rates
Competitors and Market Share
Key Competitors
- GLPI
- O
- MGP
Competitive Landscape
VICI's advantages include its scale, relationships with major gaming operators, and focus on experiential real estate. Disadvantages may include gaming concentration.
Major Acquisitions
MGM Growth Properties (MGP)
- Year: 2022
- Acquisition Price (USD millions): 17200
- Strategic Rationale: Significantly expanded VICI's portfolio of gaming and entertainment properties.
Venetian Resort Las Vegas
- Year: 2022
- Acquisition Price (USD millions): 4000
- Strategic Rationale: Strategic investment in a high quality, iconic property with strong growth prospects.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by acquisitions and rent escalations.
Future Projections: Analysts project continued growth in revenue and earnings, driven by acquisitions and organic growth. Projections vary.
Recent Initiatives: Recent initiatives include acquisitions of the Venetian Resort Las Vegas and related assets. Investment in Chelsea Piers.
Summary
VICI Properties is a strong experiential REIT, particularly in the gaming sector, with high occupancy rates and long-term leases. Its growth strategy through acquisitions and diversification into other entertainment venues is promising. However, its dependence on the gaming industry and the financial stability of its tenants remain key risks. Rising interest rates and macroeconomic downturns could negatively impact its performance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Investor Presentations
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance can change rapidly. Consult a financial professional before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About VICI Properties Inc
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2017-10-17 | CEO & Director Mr. Edward Baltazar Pitoniak | ||
Sector Real Estate | Industry REIT - Diversified | Full time employees 27 | Website https://www.viciproperties.com |
Full time employees 27 | Website https://www.viciproperties.com | ||
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. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading developers and operators in other experiential sectors, including Cabot, Cain International, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, Kalahari Resorts and Lucky Strike Entertainment. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties' goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators.
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