2024-07-02 08:00:00 ET
Summary
- VICI Properties has proven that combining world-class real estate with experiences and vices is a winning business strategy.
- In recent years, Las Vegas has established itself as the world's premier entertainment destination.
- VICI's net leverage ratio remains within its targeted leverage ratio range.
- Shares of the experiential REIT could be priced at a 16% discount to fair value.
- VICI could be set up to generate 40% cumulative total returns through 2026.
Achieving and maintaining success as a dividend growth investor depends on owning businesses with a reasonably high probability of being around in 10 years or even 20 years. As a dividend growth investor, this is why I tend to search for business models that can stand the test of time.
The real estate investment trust or REIT sector is one of my favorite sectors for that very reason. I believe the need for high-quality commercial real estate won't be going anywhere anytime soon....
Read the full article on Seeking Alpha
For further details see:
VICI Properties: Undervalued Stock With Solid Dividend Growth Outlook