GLPI - VICI Properties Q1: Upside May Require Patience But Collect A Near 6% Yield While You Wait
2024-05-05 13:00:00 ET
Summary
- VICI Properties has experienced some fast growth, but the share price has remained flat, causing frustration for investors.
- The company delivered solid earnings results during Q1, with FFO, AFFO and revenue growing year-over-year.
- VICI has opportunities for long-term growth, including potential agreements with tenants to enter into ground leases on the Las Vegas Strip.
- With a payout ratio of 74% and yield near 6%, patient investors collect a well-covered dividend while they wait for potential upside.
Introduction
I'm sure like myself, other investors are a little impatient waiting for upside in VICI Properties ( VICI ), an experiential REIT that invests primarily on the Las Vegas Strip. They're the landlord to iconic hotel & casinos like The Venetian, Caesar's Palace, and MGM Grand to name a few....
VICI Properties Q1: Upside May Require Patience, But Collect A Near 6% Yield While You Wait