VICI Earnings Prediction
The chart below shows how VICI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VICI sees a +0.23% change in stock price 10 days leading up to the earnings, and a +0.16% change 10 days following the report. On the earnings day itself, the stock moves by -0.46%. This data can give you a slight idea of what to expect for the next quarter's release.
VICI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
976.05M
4.74%
1.18%
Gross Margin
89.53%
-15.33%
-12.63%
Operating Margin
85.42%
-16.37%
-13.51%
Net Margin
63.95%
-21.56%
-17.13%
EPS
0.58
-19.44%
-17.14%
No Data Available
VICI Earnings Analysis
VICI Properties Inc Corporation (VICI.N) Earnings Conference Call
Positive
Strategic Partnership Announcement: VICI Properties announced a new strategic partnership with Cain International and Eldridge Industries, marking a significant growth opportunity through the financing of the One Beverly Hills development.
Luxury Hospitality Development: The One Beverly Hills project is set to be a premier luxury hospitality and residential development, featuring the Aman brand, which is recognized globally for its luxury offerings.
Strong Investment Commitment: In 2024, VICI committed approximately $1.1 billion of capital at an initial yield of 8.1%, showcasing strong investment activity and confidence in their portfolio.
Las Vegas Tourism Boom: Las Vegas tourism continues to thrive, with record airline passengers and visitation, indicating a robust market for VICI's properties.
Real Estate Investment Commitment: VICI's operators have announced nearly $1 billion of investment in their real estate since the fourth quarter, reflecting a strong commitment to enhancing property value and guest experiences.
Investment-Grade Credit Rating: The company achieved an investment-grade credit rating from all three major agencies, which is expected to improve access to capital and reduce costs over time.
AFFO Per Share Growth: AFFO per share increased by 3.6% in Q4 2024 and by 5.1% for the full year, demonstrating strong financial performance and operational efficiency.
AFFO Guidance Outlook: VICI is initiating AFFO guidance for 2025, projecting year-over-year growth of 3.3%, indicating a solid outlook for the upcoming year.
Negative
Debt Concerns and Leverage: VICI Properties reported a total debt of $17.1 billion, which raises concerns about the company's leverage and financial stability.
Debt to EBITDA Ratio: The company’s net debt to annualized fourth quarter adjusted EBITDA is approximately 5.3 times, which is at the higher end of their target leverage range of 5 to 5.5 times, indicating potential financial strain.
AFFO Growth Slowdown: Despite a slight increase in AFFO per share of 3.6% for the quarter, the growth rate is relatively modest compared to previous years, suggesting a slowdown in earnings growth.
AFFO Growth Expectations: The company’s guidance for 2025 indicates an expected AFFO per share growth of only 3.3%, which may not meet investor expectations for more aggressive growth.
Strategic Partnership Reliance: VICI's reliance on strategic partnerships, such as the one with Cain International and Eldridge Industries, may indicate a need for external support to drive growth, raising questions about the company's independent growth capabilities.
VICI FAQs
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VICI Earning Call Sentiment
VICI Properties Inc. (NYSE:VICI) Q4 2024 Earnings Call Transcript
VICI.N
-0.15%Positive
The earnings call reveals steady financial performance with slight AFFO growth and a stable debt position. However, the lack of a share repurchase or dividend program and limited visibility in cash yields and acquisition opportunities suggest cautious sentiment. The Q&A section indicates some uncertainty, especially with management's unclear responses on cash yields. The guidance for 2025 shows modest growth, but not enough to significantly impact stock price. Overall, the sentiment is neutral, with no strong catalysts to drive the stock price significantly in either direction.
