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VICI Properties Inc Stock Research

VICI

31.65USD+0.02(+0.06%)Delayed

Market Summary

USD31.65+0.02
Delayed
0.06%

VICI Alerts

VICI Stock Price

VICI RSI Chart

VICI Valuation

Market Cap

30.5B

Price/Earnings (Trailing)

27.27

Price/Sales (Trailing)

11.72

EV/EBITDA

26.16

Price/Free Cashflow

15.68

VICI Price/Sales (Trailing)

VICI Profitability

EBT Margin

43.80%

Return on Equity

5.1%

Return on Assets

2.97%

Free Cashflow Yield

6.38%

VICI Fundamentals

VICI Revenue

Revenue (TTM)

2.6B

Revenue Y/Y

100.94%

Revenue Q/Q

2.44%

VICI Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

114.6%

Earnings Q/Q

82.55%

Price Action

52 Week Range

26.0735.69
(Low)(High)

Last 7 days

-6.3%

Last 30 days

-8.4%

Last 90 days

-6.8%

Trailing 12 Months

20.2%

VICI Financial Health

Debt/Equity

0.63

Debt/Cashflow

0.14

VICI Investor Care

Dividend Yield

4.74%

Dividend/Share (TTM)

1.5

Shares Dilution (1Y)

53.13%

Diluted EPS (TTM)

1.27

Peers (Alternatives to VICI Properties)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.7B
4.2B
-4.61% -14.88%
11.88
12.36
22.43% 122.66%
30.0B
4.7B
-6.82% -21.36%
79.47
6.4
5.96% -77.90%
22.3B
2.7B
-9.31% -29.65%
28.69
8.21
11.91% -41.71%
21.2B
2.6B
-23.98% -31.95%
40.62
8.18
22.46% -8.68%
13.2B
1.7B
-4.07% -13.87%
104.43
7.61
26.61% -85.07%
MID-CAP
7.7B
1.1B
-13.38% -14.77%
20.08
7.2
12.95% 47.42%
4.3B
802.0M
-9.03% -5.22%
-341.02
5.37
114.83% 84.36%
2.9B
1.8B
-31.59% -62.57%
-8.47
1.63
13.26% -296.88%
2.1B
859.2M
-25.44% -29.31%
-31.63
2.43
1.38% -563.21%
SMALL-CAP
1.9B
421.4M
-3.41% 12.84%
22.56
4.55
3.35% 1705.32%
1.7B
826.7M
-30.54% -63.53%
-22.04
2.08
-2.04% -117.36%
1.0B
190.3M
-7.76% -1.93%
11.27
5.46
12.08% 1950.56%
983.2M
740.4M
-22.73% -54.50%
-27.01
1.33
1.87% -78.85%

Financials for VICI Properties

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue17.5%2,6012,2141,8381,5521,510
Operating Expenses-1.6%9911,00776715676.00
  S&GA Expenses14.2%48.0042.0039.0035.0033.00
EBITDA34.4%1,6821,2521,0751,383-
EBITDA Margin14.4%0.65*0.57*0.58*0.89*-
Earnings Before Taxes41.0%1,1398086359971,026
EBT Margin20.0%0.44*0.36*0.35*0.64*-
Interest Expenses22.4%540441437383392
Net Income40.2%1,1187976289891,014
Net Income Margin19.4%0.43*0.36*0.34*0.63*-
Free Cahsflow11.6%1,9431,7411,4371,039-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.7%37,57637,30837,28921,74117,597
    Cash Equivalents-59.7%209518614569740
Liabilities0.3%15,28615,24615,1746,2585,410
  Long Term Debt0.1%13,74013,73113,7225,2974,695
Shareholder's Equity1.0%21,93421,71022,11515,48412,108
  Retained Earnings169.9%93.00-133-88.61316346
  Additional Paid-In Capital0.0%21,64521,64221,64414,97211,755
Accumulated Depreciation5.0%17.0016.0015.0015.00-
Shares Outstanding0.0%963963963748629
Minority Interest1.1%35635335279.0079.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations11.6%1,9431,7411,4371,039896
  Share Based Compensation11.3%13.0012.0011.0010.009.00
Cashflow From Investing-4.9%-9,304-8,867-8,643-4,01941.00
Cashflow From Financing-2.1%6,8306,9757,4123,227-514
  Dividend Payments13.9%1,2191,070901809759

Risks for VICI

What is the probability of a big loss on VICI?

20%


Probability that VICI Properties stock will be more than 20% underwater in next one year

20%


Probability that VICI Properties stock will be more than 30% underwater in next one year.

19.2%


Probability that VICI Properties stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does VICI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if VICI Properties was unfortunately bought at previous high price.

Drawdowns

Returns for VICI

Cumulative Returns on VICI

15.6%


5-Year Cumulative Returns

27.1%


3-Year Cumulative Returns

What are the long-term rolling returns for VICI?

FIve years rolling returns for VICI Properties.

Annualized Returns

Which funds bought or sold VICI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
23.42
100,440
384,440
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
11.11
11,671,900
68,310,900
0.07%
2023-03-10
MATHER GROUP, LLC.
reduced
-9.88
-5,769
249,231
-%
2023-03-06
Rockefeller Capital Management L.P.
added
0.84
730,000
8,438,000
0.04%
2023-02-28
Voya Investment Management LLC
added
3.47
1,230,800
11,234,800
0.02%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-47.96
-1,224,650
1,590,350
-%
2023-02-27
CASCADE INVESTMENT GROUP, INC.
new
-
332,197
332,197
0.35%
2023-02-24
NATIXIS
added
126
4,362,200
7,351,200
0.04%
2023-02-24
BBJS FINANCIAL ADVISORS, LLC
new
-
581,388
581,388
0.26%
2023-02-24
National Pension Service
added
6.57
6,553,730
44,043,900
0.09%

1–10 of 46

Latest Funds Activity

Are funds buying VICI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own VICI
No. of Funds

VICI Properties News

MarketBeat

Robeco Institutional Asset Management B.V. Acquires 13246 ....

MarketBeat,
5 hours ago

Seeking Alpha

Play Colorado

Investor's Business Daily

Yahoo Finance

Yahoo Finance

Schedule 13G FIlings of VICI Properties

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
cohen & steers, inc.
0.23%
2,246,394
SC 13G/A
Feb 13, 2023
capital international investors
7.6%
75,641,102
SC 13G/A
Feb 13, 2023
capital world investors
2.1%
21,162,383
SC 13G/A
Feb 13, 2023
capital research global investors
5.0%
50,059,016
SC 13G
Feb 09, 2023
vanguard group inc
14.45%
144,131,966
SC 13G/A
Feb 03, 2023
state street corp
5.50%
54,889,378
SC 13G
Jan 24, 2023
blackrock inc.
9.8%
97,331,334
SC 13G/A
Feb 14, 2022
cohen & steers, inc.
6.10%
38,368,142
SC 13G
Feb 11, 2022
capital international investors
9.5%
59,597,681
SC 13G/A
Feb 11, 2022
capital world investors
5.0%
31,731,180
SC 13G

VICI Fair Value

VICI Properties fair value in different scenarios

The table shows the Fair Value estimates for VICI Properties for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

57.41

81.39%

88.77

180.47%

187.58

492.67%

314.35

893.21%

434.79

1273.74%
Current Inflation

52.51

65.91%

79.53

151.28%

163.65

417.06%

269.57

751.72%

369.85

1068.56%
Very High Inflation

46.51

46.95%

68.48

116.37%

135.76

328.94%

218.31

589.76%

296.13

835.64%

Historical VICI Properties Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of VICI Properties

View All Filings
Date Filed Form Type Document
Mar 15, 2023
ARS
ARS
Mar 15, 2023
DEF 14A
DEF 14A
Mar 15, 2023
DEFA14A
DEFA14A
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
8-K
Current Report
Feb 28, 2023
424B5
Prospectus Filed
Feb 23, 2023
8-K
Current Report
Feb 23, 2023
10-K
Annual Report
Feb 22, 2023
4
Insider Trading

Latest Insider Trading transactions for VICI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-28
KIESKE DAVID ANDREW
sold (taxes)
-109,426
33.68
-3,249
chief financial officer
2023-02-28
Wasserman Gabriel
sold (taxes)
-17,075
33.68
-507
chief accounting officer
2023-02-22
Wasserman Gabriel
acquired
-
-
15,538
chief accounting officer
2023-02-22
KIESKE DAVID ANDREW
acquired
-
-
108,656
chief financial officer
2023-02-22
Payne John W R
sold (taxes)
-644,816
33.7
-19,134
president and coo
2023-02-22
KIESKE DAVID ANDREW
sold (taxes)
-1,272,750
33.7
-37,767
chief financial officer
2023-02-22
Wasserman Gabriel
sold (taxes)
-144,371
33.7
-4,284
chief accounting officer
2023-02-22
Pitoniak Edward Baltazar
sold (taxes)
-1,592,220
33.7
-47,247
chief executive officer
2023-02-22
Gallagher Samantha Sacks
acquired
-
-
75,414
general counsel and evp
2023-02-22
Pitoniak Edward Baltazar
acquired
-
-
281,375
chief executive officer

1–10 of 50

Edward B. Pitoniak
150
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.

VICI Income Statement

2022-12-31
VICI PROPERTIES INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Income from sales-type leases$ 1,464,245$ 1,167,972$ 1,007,508
Income from operating leases0025,464
Income from lease financing receivables and loans1,041,229283,242153,017
Other income59,62927,80815,793
Golf revenues35,59430,54623,792
Total revenues2,600,6971,509,5681,225,574
Operating expenses   
General and administrative48,34033,12230,661
Depreciation3,1823,0913,731
Other expenses59,62927,80815,793
Golf expenses22,60220,76217,632
Change in allowance for credit losses834,494(19,554)244,517
Transaction and acquisition expenses22,65310,4028,684
Total operating expenses990,90075,631321,018
Income from unconsolidated affiliate59,76900
Interest expense(539,953)(392,390)(308,605)
Interest income9,5301206,795
Loss from extinguishment of debt0(15,622)(39,059)
Gain upon lease modification00333,352
Income before income taxes1,139,1431,026,045897,039
Income tax expense(2,876)(2,887)(831)
Net income1,136,2671,023,158896,208
Less: Net income attributable to non-controlling interests(18,632)(9,307)(4,534)
Net income attributable to common stockholders$ 1,117,635$ 1,013,851$ 891,674
Net income per common share   
Basic (in dollars per share)$ 1.27$ 1.80$ 1.76
Diluted (in dollars per share)$ 1.27$ 1.76$ 1.75
Weighted average number of shares of common stock outstanding   
Basic (in shares)877,508,388564,467,362506,140,642
Diluted (in shares)879,675,845577,066,292510,908,755
Other comprehensive income   
Net income$ 1,136,267$ 1,023,158$ 896,208
Reclassification of derivative (gain) loss to Interest expense(16,233)64,2390
Unrealized gain (loss) on cash flow hedges200,55029,166(27,443)
Comprehensive income1,320,5841,116,563868,765
Comprehensive income attributable to non-controlling interests(18,428)(9,307)(4,534)
Comprehensive income attributable to common stockholders$ 1,302,156$ 1,107,256$ 864,231

VICI Balance Sheet

2022-12-31
VICI PROPERTIES INC. CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Real estate portfolio:  
Investments in leases - sales-type, net[1]$ 17,172,325,000$ 13,136,664,000
Investment in unconsolidated affiliate1,460,775,0000
Land153,560,000153,576,000
Cash and cash equivalents208,933,000739,614,000
Short-term investments217,342,0000
Other assets936,328,000424,693,000
Total assets37,575,826,00017,597,373,000
Liabilities  
Debt, net13,739,675,0004,694,523,000
Accrued expenses and deferred revenue213,388,000113,530,000
Dividends and distributions payable380,178,000226,309,000
Other liabilities952,472,000375,837,000
Total liabilities15,285,713,0005,410,199,000
Commitments and Contingencies (Note 10)
Stockholders’ equity  
Common stock, $0.01 par value, 1,350,000,000 shares authorized and 963,096,563 and 628,942,092 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively9,631,0006,289,000
Preferred stock, $0.01 par value, 50,000,000 shares authorized and no shares outstanding at December 31, 2022 and 202100
Additional paid-in capital21,645,499,00011,755,069,000
Accumulated other comprehensive income185,353,000884,000
Retained earnings93,154,000346,026,000
Total VICI stockholders’ equity21,933,637,00012,108,268,000
Non-controlling interests356,476,00078,906,000
Total stockholders’ equity22,290,113,00012,187,174,000
Total liabilities and stockholders’ equity37,575,826,00017,597,373,000
Investments in leases - financing receivables, net  
Real estate portfolio:  
Notes receivable[1]16,740,770,0002,644,824,000
Investments in loans, net  
Real estate portfolio:  
Notes receivable[1]$ 685,793,000$ 498,002,000
[1]As of December 31, 2022 and December 31, 2021, our Investments in leases - sales-type, Investments in leases - financing receivables, Investments in loans and Other assets (sales-type sub-leases) are net of $570.4 million, $726.7 million, $6.9 million and $19.8 million, respectively, and $434.9 million, $91.1 million, $0.8 million, and $6.5 million, respectively, of Allowance for credit losses. Refer to Note 5 - Allowance for Credit Losses for further details.