VICI Properties: Don't Miss The Boat (Again)
Summary
- VICI Properties offers a strong investment opportunity with a forward P/FFO of 10.7x and a forward yield of over 6%, making it a solid addition to a dividend portfolio.
- The REIT's wide moat in the casino and resort segment, long-term triple net leases, and strategic partnerships ensure high financial predictability and dividend growth.
- Despite risks like changing consumer habits and macroeconomic factors, VICI's high recurring revenue and predictability make it a clear compounder.
- The recent stock price drop presents a buying opportunity for long-term investors.
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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