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VICI Properties
VICI-N
HOLD
Jan 17, 2025
Stock price when the opinion was issued
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Vici properties offers premier rentals and property management services. we rent and manage houses, condos, and apartments throughout ontario. we offer a full-service, worry-free solution for rental property management. our goal is to protect your investment by saving you time, effort, and money — you will maximize your cash flow, minimize your tenant vacancy period, and have a well-maintained property. we recognize the value of your real estate asset and to protect it we offer predictable property management services delivered at consistently high standards. whether you are looking for superior property management services, or you would like to purchase an investment property, vici properties can help. Social media mentions are up 250% in the past 24h.
VICI has been flat since 2021, although it does pay a nice yield of 6%, and analyst estimates have been rising. It trades at a good valuation of 1.2X book, and 15X forward EV/EBITDA. Margins are growing, and it has a good free cash flow yield. We might expect to see it perform better in a declining interest rate environment, but it has been quite choppy over the past several years. We would consider it a decent income stock, but we would not expect too much in the way of capital appreciation.
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