Part 5/9:
Despite the recent setbacks in reported earnings, VICI received an upgrade from Moody's for its credit rating, which affirms its financial stability and future outlook. This is contradicted by the somewhat bearish reading of the earnings report, revealing that the core business of VICI remains robust, with significant potential for cash flow and growth.
VICI Properties: A Closer Look
Diving deeper into VICI's operations, three key strategic advantages set it apart.
- Triple Net Lease Structure: All of VICI's contracts are triple net leases, wherein tenants are responsible for operational expenses such as taxes and maintenance. This structure leads to greater predictability in cash flows and higher profit margins.