I just started a new video series where I take a closer look at specific stocks. This first video is about VICI Properties (VICI) – one of the more unique REITs on the market today. For those unfamiliar, $VICI (+2,31 %) owns major gaming, hospitality, and entertainment properties including Caesars Palace, MGM Grand, and others. It's essentially your way to invest in the Las Vegas Strip without flying to Nevada.
Here’s a quick rundown of what I cover:
- VICI has been growing at over 6%, with a current dividend yield of 5.7%.
- The company has a strong track record of acquisitions and lease agreements, making it a major player in its niche.
- My valuation analysis shows it’s trading just below fair value, and with potential rate cuts on the horizon, this could give REITs like VICI a nice tailwind.
- That said, the concentration in casino and entertainment assets does raise the question— is this a stable long-term hold, or are we gambling with our portfolios?
Would love to hear your thoughts:
- Are you holding VICI or thinking of adding it to your watchlist?
- How do you weigh the risk/reward of niche REITs like this one?
Check out the full breakdown in my latest video here: https://youtu.be/vakcxx64T9s
