Part 8/9:
From a valuation perspective, VICI Properties appears attractively priced at roughly $31.10 per share, particularly when compared to its projected AFFO multiples. A dividend discount model alongside comparable company analysis suggests an intrinsic value of approximately $35.20 per share. Thus, with a margin of safety for potential investors at around $28.16, the stock holds appeal, considering its reliable dividend yield of 5.62% and a healthy payout ratio of 76%.