VICI Properties: Buy For Double-Digit Per Annum Return Potential


  • Higher interest rates have negatively impacted the real estate industry, but rate cuts expected in 2024 could lead to an increase in valuation.
  • VICI Properties owns premier gaming, hospitality, and entertainment real estate locations, with a 100% rent collection and a 7.3% AFFO yield.
  • VICI is experiencing growth in its cash flows, with the possibility of rising valuations due to potential rate cuts.

Las Vegas Casino interior, and people

Nature, food, landscape, travel

Higher interest rates have had an extremely detrimental impact on the real estate industry, particularly on the commercial side of things, as the cost of capital is pressuring margins and increasing cap rates. Currently, we potentially are at an inflection

Analyst’s Disclosure: I/we have a beneficial long position in the shares of VICI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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