DailyIQ
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Sector:Real EstateAll sectors
Last updated 3 hours ago

VICI·VICI Properties Inc.

$.
+. (+.%)
After Hours
High
$26.20
Open
$26.07
Market Cap
27.99B
52W High
$34.01
Low
$25.83
P. Close
$26.00
P/E
9.02
52W Low
$25.82
Fwd P/E
8.86
DailyIQ Est.
$34.31
Technical Score (1D)
14
SELL
News Sentiment
66
BULLISH
VICI’s latest earnings preview highlights that income streams remain robust amid macro uncertainty, with management underscoring dividend safety even as tenant risk from Caesars/MGM is flagged. Morgan Stanley’s equal‑weight downgrade and $31 price target cut signal caution over VICI’s growth prospects in a rising‑rate environment, suggesting the firm may face tighter financing costs. JPMorgan’s similar price target reduction to $32 reinforces the broader consensus that market conditions may temper VICI’s valuation. Analysts now project a modest 3.3% rise in AFFO per share to $0.62 for Q2 2026, a figure that will be key to assessing dividend sustainability. The recent acquisition of Deerfoot Inn & Casino and its 25‑year inflation‑linked lease adds $11.6 million in annual rent, bolstering VICI’s long‑term income resilience narrative. VICI’s purchase of Carambola Beach Resort and a long‑term lease with Club Med positions the REIT to capture premium all‑inclusive resort demand, with redevelopment slated for Q4 2027. The company’s conservative 35% leverage and 4.0x interest coverage underscore its financial resilience, giving it room to weather market swings. DCF analysis indicates a roughly 47% undervaluation, but tenant concentration and transaction risk could temper upside, making the valuation a nuanced proposition. An Argus Research report, though not detailed here, is expected to provide deeper insight into VICI’s market positioning and risk profile. Traders should monitor the July 29 earnings release for AFFO, lease renewal rates, operating margins, debt levels, and any capital allocation decisions that could influence the REIT’s dividend trajectory.
Earnings Summary
VICI Properties Inc. is a diversified real‑estate investment trust that owns a portfolio of high‑profile gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace, MGM Grand and the Venetian Resort Las Vegas. The company operates through long‑term, triple‑net leases with leading operators, positioning it within the experiential REIT sector. In the most recent reporting cycle, VICI’s Q1 2026 earnings reflected a modest revenue increase to $1.0185 billion versus $1.0131 billion in Q4 2025, while EPS rose slightly to $0.61 from $0.60 in the prior quarter; however, the quarter’s earnings fell short of the $0.7166 estimate, marking a miss. Compared with Q3 2025, revenue grew from $1.0075 billion to $1.0131 billion, but EPS declined from $0.7133 to $0.60, underscoring a deceleration in profitability. Over the last six quarters, the REIT has posted two earnings beats (Q2 2025 and Q3 2025) and four misses, with revenue growth persisting despite the EPS volatility. Historically, VICI has demonstrated steady revenue expansion, moving from $976 million in Q4 2024 to $1.013 billion in Q4 2025, yet EPS has fluctuated, reflecting the sensitivity of its operating margins to lease and operating cost dynamics. Recent developments include the sale‑leaseback of Canadian casino and hotel assets for CAD 200.6 million, which secured a long‑term, inflation‑linked lease and added $16.1 million in annual rent, bolstering income stability; the acquisition of the Carambola Beach Resort, slated for a Club Med conversion, signals a strategic shift toward higher‑margin leisure assets. Investors should watch for the Q2 2026 earnings release, which is expected to confirm the projected EPS of $0.62 and revenue of $1.04 billion, and for guidance on dividend policy and capital allocation, as these factors will shape the REIT’s cash‑flow resilience and valuation narrative.

EPS

EstBeatMiss
$0.47$0.57$0.67$0.77$0.87Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$0.71 - -
Q1'26$0.72$0.61-14.9%
Q4'25$0.70$0.60-14.0%
Q3'25$0.69$0.71+3.4%
Q2'25$0.70$0.83+17.9%
Q1'25$0.69$0.51-24.9%

Revenue

EstBeatMiss
$973M$997M$1.0B$1.0B$1.1BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$1.1B - -
Q1'26$1.0B$1.0B-1.6%
Q4'25$1.0B$1.0B-1.6%
Q3'25 - $1.0B -
Q2'25 - $1.0B -
Q1'25 - $984M -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

VICI Stock Snapshot

VICI is currently trading at $26.07, giving VICI Properties Inc. a market cap of 27.99B and a P/E ratio of 9.0. Today's range spans $25.83–$26.20, with shares opening at $26.07 and moving up $0.07 (0.3%) from the prior close. DailyIQ's technical score sits at 14/100 (SELL) with a news sentiment reading of 66/100.

Over the past year VICI has traded between $25.82 and $34.01 - the current price is +1.0% off the 52-week low and -23.3% from the high. 34 analysts cover the stock with a Buy consensus and a mean 12-month target of $33.46 (range $29.00–$39.00), implying upside of +28.3%.

VICI Properties Inc. (VICI) is a large-cap in Real Estate with 27.99B in market cap, and the current technical read is bearish. Score: 14/100 (SELL). Sentiment: bullish at 66/100. Price: $26.07 (near 52-week lows). The current P/E ratio stands at 9.0. The 52-week range of $25.82–$34.01 provides the structural context, and the current SELL designation suggests that prior support levels are more important to watch than usual.

When a large-cap Real Estate name with 27.99B in capitalization prints a SELL signal (14/100) alongside bullish news sentiment (66/100), the risk isn't just price depreciation — it's the loss of institutional sponsorship that makes recovery harder. At $26.07 (near 52-week lows in the $25.82–$34.01 range), the structural support levels are where that sponsorship question gets answered.