Is VICI Properties Inc. (VICI) A Good Stock To Buy Now?

Is VICI a bully banal to buy? We came crossed a bullish thesis on VICI Properties Inc. connected Investing Lawyer’s Substack. In this article, we volition summarize the bulls’ thesis connected VICI. VICI Properties Inc.'s stock was trading astatine $28.63 arsenic of May 27^th. VICI’s trailing and guardant P/E were 9.80 and 9.87 respectively according to Yahoo Finance.

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VICI Properties Inc. (VICI) is simply a $34 cardinal existent property concern spot focused connected owning and leasing premier gaming, hospitality, and amusement existent property assets, positioning itself arsenic a ascendant landlord successful the casino and leisure industry. The institution owns iconic properties specified arsenic Caesars Palace Las Vegas, MGM Grand, and The Venetian Resort Las Vegas, which are among the astir visited and cash-generating amusement destinations successful the world.

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VICI Properties generates gross chiefly done semipermanent triple-net lease agreements, nether which tenants are liable for spot taxes, insurance, and maintenance, allowing VICI to cod highly unchangeable and predictable rental income with minimal operating costs. Approximately 40% of its lease portfolio is linked to ostentation adjustments, providing built-in rent escalation and extortion against rising terms environments.

The REIT operation supports accordant currency travel generation, reflected successful its 5.3% dividend yield, $1.73 yearly dividend, and $0.43 quarterly payout, underpinned by a 65% payout ratio and six consecutive years of dividend growth. While the concern is exposed to tenant attraction hazard and the cyclical quality of gaming demand, the semipermanent durability of casino operations and the beardown recognition prime of operators similar Caesars Entertainment, MGM Resorts, and gaming groups supply resilience.

The REIT assemblage backdrop is viewed arsenic undervalued, enhancing the re-rating imaginable for high-quality assets similar VICI. With beardown contractual currency flows, inflation-linked growth, and antiaircraft characteristics, VICI offers income stableness and semipermanent superior appreciation, with upside from continued rent growth, equilibrium expanse strength, and structural request for premier amusement existent estate.

Previously, we covered a bullish thesis connected STAG Industrial, Inc. (STAG) by Steve Wagner successful May 2025, highlighting rent spreads and FFO maturation driven by concern demand. STAG’s banal terms has appreciated by astir 15.71% since our coverage. Investing Lawyer’s Substack shares a akin presumption but emphasizes VICI Properties’ (VICI) inflation-linked triple-net casino dividend stability, and semipermanent lease currency flows.