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VICI - Gaming and Leisure Properties Q4: Near 7% Yield And Dividend Growth Make Them A Buy
March, 05 2024 08:00 AM
VICI Properties Inc.
2024-03-05 08:00:00 ET
Summary Gaming and Leisure Properties reported Q4 and although FFO ticked up by $0.01, revenue beat by nearly $7 million. For the full-year, FFO declined roughly 4% while revenue grew by double-digits over the same period. The revenue growth was primarily driven by recent acquisitions along with rent escalators. GLPI also announced a 4.1% dividend increase from $0.73 to $0.76. This puts the annualized dividend at $3.04, giving the REIT a payout ratio slightly above management's target payout ratio of 80%.
Introduction For further details see:
Gaming and Leisure Properties Q4: Near 7% Yield And Dividend Growth Make Them A Buy
Stock Information
Company Name:
VICI Properties Inc.
Stock Symbol:
VICI
Market:
NYSE
Website:
viciproperties.com
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