VICI Properties

Rising US Experiential Demand Will Unlock Long-Term Value

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

08 Aug 24

Updated

28 Nov 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-12.4%

7D

-3.8%

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1Y

-12.4%

7D

-3.8%

You can edit this narrative until Nov 29 5:10 AM. Then, changes will post as Updates.

Author's Valuation

US$36.0923.2% undervalued

AnalystConsensusTarget Fair Value

Shared on 28 Nov 25

Fair value Decreased 2.23%

VICI: Future Performance Will Hinge On Caesars Lease Outcomes

Narrative Update on VICI Properties Analyst Price Target The analyst price target for VICI Properties has been reduced by approximately $0.82 to $36.09. Analysts cite muted investment opportunities and renewed concerns over key regional leases as drivers for the more cautious outlook.

Shared on 20 Oct 25

Fair value Increased 0.51%

The average analyst price target for VICI Properties has edged up from $36.73 to $36.91, as analysts cite updated financial models, expectations for steady revenue growth, improved profit margins, and the resilience of net lease REITs in upcoming quarters. Analyst Commentary Recent research updates reflect a generally optimistic view of VICI Properties, as a series of analysts have raised their price targets and reiterated positive ratings.

Shared on 07 May 25

Fair value Increased 1.01%

Shared on 30 Apr 25

Fair value Increased 0.25%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Increased 0.50%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 16 Apr 25

Fair value Decreased 0.17%

AnalystConsensusTarget has increased revenue growth from 1.7% to 2.4%.

Shared on 09 Apr 25

Fair value Decreased 0.51%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 1.76%

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 0.11%

AnalystConsensusTarget has decreased revenue growth from 2.4% to 1.7%.

Shared on 10 Mar 25

Fair value Decreased 1.24%

AnalystConsensusTarget has decreased revenue growth from 5.4% to 2.4%.

AnalystConsensusTarget Fair Value

US$36.09

23.2% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

3.21%

Specialized REITs revenue growth rate

0.21%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.28%

Calculation

US$3.16b

Earnings '28

x

16.06x

PE Ratio '28

=

US$50.68b

Market Cap '28

US$50.68b

Market Cap '28

/

1.11b

No. shares '28

=

US$45.77

Share Price '28

US$45.77 Share Price '28

Discounted to 2025 @ 8.25% p.a.

=

US$36.09

Fair Value '25