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VICI Properties ( (VICI) ) has shared an announcement.
In 2024, VICI Properties announced over $1 billion in capital commitments, with strategic investments and partnerships contributing to a 6.6% increase in total revenues to $3.8 billion for the year. Despite a year-over-year decrease in net income for the fourth quarter, the company’s AFFO and total revenues showed growth, and it received a credit rating upgrade from Moody’s. VICI’s strategic initiatives, including a new $2.5 billion unsecured revolving credit facility and a $300 million investment in One Beverly Hills, position it for continued growth and expansion in the experiential real estate sector.
More about VICI Properties
VICI Properties Inc. is an experiential real estate investment trust that focuses on owning, acquiring, and developing gaming, hospitality, and entertainment destinations. The company is noted for its strategic relationships and investments in projects like The Venetian Resort Las Vegas and partnerships with industry leaders.
YTD Price Performance: 5.14%
Average Trading Volume: 5,779,740
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $32B
For a thorough assessment of VICI stock, go to TipRanks’ Stock Analysis page.
