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| Name | This High Dividend is No Gamble: VICI Stock |
| Video Uploader | Video From Dividend Bull |
| Upload Date | This Video Uploaded At 27-02-2024 19:00:15 |
| Video Discription | Last week, VICI Properties, ticker VICI, released their fourth quarter results as well as their end-of-year results for 2023. In their fourth quarter report, the company announced that revenue had increased 21% year-over-year and that adjusted funds from operations also increased 17.0% year-over-year. On a per-share basis, their AFFO increased 8.8% year-over-year to $0.55. For the full year 2023, total revenues increased 38.9%, and AFFO increased 29.1% to now 2.2 billion. They also announced and originated $1.8 billion in acquisitions and investments in 2023 and deployed capital every month. Regarding the results, CEO Ed Pe-toe Knee Ack made the following comments on their earnings call: “VICI's 2023 AFFO growth will likely make VICI one of the 2023 income growth leaders among the 29 S&P 500 REITs that report AFFO per share... Our investment activities in 2023 will produce growth in our portfolio quality, geographic diversity, tenant diversity, and income. It wasn't easy to produce future growth in 2023. It was tough to navigate in 2023. But even amidst this low visibility, the VICI team kept pioneering in 2023. Despite a more challenging environment for real estate investment trusts and speculation of a recession, VICI Properties continues to show they’re a world-class REIT with a great management team and an outstanding property portfolio. This company was created back in 2016 after a spin-off from Caesars Entertainment. Originally owning just Caesars Entertainment properties, VICI’s continued to expand their property portfolio over the years. Today, the company owns 97 properties, including 54 gaming destinations, 39 other experiential properties, and four golf courses. https://www.patreon.com/dividendbull [RNGQ__lVQHc] |
| Category | News & Politics |
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