VICI Properties: The First Line Of Defense Against Volatile Markets

Bashar Issa profile picture
Bashar Issa
5.71K Followers

Summary

  • VICI shares remained resilient against market selloff, demonstrating a loyal shareholder base and a renewed interest in alternative assets from institutional investors.
  • The MGP acquisition diversified its tenant base, but revenue is still limited to the gaming industry, sensitive to economic cycles.
  • Investors should expect a stable dividend and a slight increase in share value, mirroring rising real estate prices.
  • Most of VICI debt is tied to fixed-rate notes, protecting it from rising interest rates, at least in the short run.
The famous Las Vegas Strip with the Bellagio Fountain. The Strip is home to the largest hotels and casinos in the world.

RandyAndy101/iStock Editorial via Getty Images

Investment Thesis

VICI Properties (VICI) shares remained resilient in the face of the market selloff. The previous article highlighted why investors should expect capital gains augmenting its 5% dividend. Since then, shares rose 5.2%, bringing a total return to 6.6%, against an 8% decline

This article was written by

Bashar Issa profile picture
5.71K Followers
Bashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's degree in Finance from the Queen Mary University of London and a Bachelor's degree in Economics from Middlesex University.

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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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