VICI Properties (VICI) has recently caught the attention of investors following its latest performance numbers. The real estate investment trust posted annual revenue growth of 3% and net income growth of 5%. These trends invite a closer look at current valuation.
See our latest analysis for VICI Properties.
This year, shares of VICI Properties have gradually lost momentum, with the 1-year total shareholder return slipping to -5.53%. The short-term share price return sits just below flat, but over the past five years, investors still hold a substantial 45% gain. Recent weakness may reflect changing sentiment or sector pressure. However, the broader picture points to solid long-term value for those who have stayed the course.
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With VICI now trading at a notable discount compared to analyst targets and a strong five-year return, the question remains: Is the current price a genuine buying opportunity, or has the market already priced in future growth?
At $28.82, VICI Properties trades meaningfully below its most widely followed fair value estimate, enticing investors with the potential for substantial upside if assumptions hold true.
Inflation-protected leases, disciplined funding, and strategic acquisitions position VICI for resilient earnings, dividend growth, and long-term asset value expansion. Structural shifts in consumer spending toward experiences such as travel, sports, group events, and entertainment are expanding opportunities in VICI’s experiential and non-gaming real estate segments, creating new revenue streams, lowering tenant concentration risk, and providing a long runway for top-line growth.
Read the complete narrative.
Want to know what bold projections are powering this potential 22% upside? The linchpin of this narrative is an impressive combination of future growth, margin profiles, and a profit multiple that could reset investor expectations. Uncover which key assumptions hold the secret to this valuation; only the full narrative reveals the complete story.
Result: Fair Value of $36.91 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, ongoing shifts toward online gaming and reliance on a handful of major tenants could challenge VICI’s future growth narrative if conditions change.
Find out about the key risks to this VICI Properties narrative.