VICI · VICI PROPERTIES INC

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VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks.

Close · 3M

-15.11%

Held by 2 AI ETFs

LQAI0.820%

as of Oct 22

PQUS0.160%

as of Oct 23

Signal performance

Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.

Buy signals10

Win rate30% (3/10)

Avg buy return-6.56%

LQAInow 0.820% of fund28 signals

LQAI · Accumulation · 5d

weight 0.760% → 0.820% (+0.060 pp)·stock up 1.4% in the 30 days before

Oct 22·entry $24.02·now $23.76Fresh

-1.08%

since Oct 22

LQAI · Accumulation · 5d

weight 0.750% → 0.790% (+0.040 pp)·stock down 2.8% in the 30 days before

Oct 20·entry $23.37·now $23.76Fresh

+1.67%

since Oct 20

LQAI · Accumulation · 5d

weight 0.740% → 0.800% (+0.060 pp)·stock down 2.1% in the 30 days before

Oct 16·entry $23.60·now $23.76Fresh

+0.68%

since Oct 16

LQAI · Weight increase · 2d

weight 0.760% → 0.790% (+0.030 pp)·stock down 4.4% in the 30 days before

Oct 15·entry $23.46·now $23.76Fresh

+1.28%

since Oct 15

LQAI · Weight decrease · 4d

weight 1.550% → 0.750% (-0.800 pp)·stock down 11.6% in the 30 days before

Oct 2·entry $22.65·now $23.76

+4.90%

since Oct 2

LQAI · Weight decrease · 3d

weight 1.550% → 0.760% (-0.790 pp)·stock down 11.0% in the 30 days before

Oct 1·entry $22.73·now $23.76

+4.53%

since Oct 1

LQAI · Weight decrease · 2d

weight 1.550% → 0.770% (-0.780 pp)·stock down 10.4% in the 30 days before

Sep 30·entry $22.97·now $23.76

+3.44%

since Sep 30

LQAI · Sudden change · 1d

weight 1.550% → 0.780% (-0.770 pp)·stock down 10.3% in the 30 days before

Sep 29·entry $23.20·now $23.76

+2.41%

since Sep 29

LQAI · Weight decrease · 6d

weight 1.700% → 1.560% (-0.140 pp)·stock down 9.5% in the 30 days before

Sep 22·entry $23.98·now $23.76

-0.92%

since Sep 22

LQAI · Weight decrease · 5d

weight 1.700% → 1.570% (-0.130 pp)·stock down 9.5% in the 30 days before

Sep 21·entry $24.05·now $23.76

-1.21%

since Sep 21

LQAI · Weight decrease · 4d

weight 1.700% → 1.590% (-0.110 pp)·stock down 10.0% in the 30 days before

Sep 18·entry $23.72·now $23.76

+0.17%

since Sep 18

LQAI · Weight decrease · 3d

weight 1.700% → 1.620% (-0.080 pp)·stock down 6.9% in the 30 days before

Sep 17·entry $24.11·now $23.76

-1.45%

since Sep 17

LQAI · Weight decrease · 2d

weight 1.700% → 1.680% (-0.020 pp)·stock down 5.5% in the 30 days before

Sep 16·entry $24.53·now $23.76

-3.14%

since Sep 16

LQAI · Weight decrease · 4d

weight 1.740% → 1.670% (-0.070 pp)·stock down 5.5% in the 30 days before

Sep 8·entry $25.27·now $23.76

-5.98%

since Sep 8

LQAI · Weight decrease · 3d

weight 1.740% → 1.690% (-0.050 pp)·stock down 4.2% in the 30 days before

Sep 4·entry $25.42·now $23.76

-6.53%

since Sep 4

LQAI · Weight decrease · 2d

weight 1.740% → 1.710% (-0.030 pp)·stock down 2.8% in the 30 days before

Sep 3·entry $25.65·now $23.76

-7.37%

since Sep 3

LQAI · Weight decrease · 3d

weight 1.740% → 1.650% (-0.090 pp)·stock down 5.0% in the 30 days before

Aug 27·entry $25.77·now $23.76

-7.80%

since Aug 27

LQAI · Weight decrease · 2d

weight 1.740% → 1.670% (-0.070 pp)·stock down 4.1% in the 30 days before

Aug 26·entry $26.00·now $23.76

-8.62%

since Aug 26

LQAI · Weight increase · 3d

weight 1.630% → 1.710% (+0.080 pp)·stock down 0.0% in the 30 days before

Aug 20·entry $26.57·now $23.76Fresh

-10.58%

since Aug 20

LQAI · Weight increase · 2d

stock down 0.8% in the 30 days before

Aug 19·entry $26.37·now $23.76Fresh

-9.90%

since Aug 19

LQAI · Weight decrease · 6d

stock down 3.4% in the 30 days before

Aug 17·entry $25.96·now $23.76

-8.47%

since Aug 17

LQAI · Weight decrease · 5d

stock down 2.9% in the 30 days before

Aug 14·entry $26.36·now $23.76

-9.86%

since Aug 14

LQAI · Weight decrease · 4d

stock up 0.1% in the 30 days before

Aug 13·entry $26.34·now $23.76

-9.79%

since Aug 13

LQAI · Weight decrease · 3d

stock down 0.8% in the 30 days before

Aug 12·entry $26.07·now $23.76

-8.86%

since Aug 12

LQAI · Weight decrease · 2d

stock down 1.6% in the 30 days before

Aug 11·entry $25.98·now $23.76

-8.55%

since Aug 11

LQAI · Weight increase · 3d

stock down 0.2% in the 30 days before

Jul 29·entry $27.13·now $23.76Fresh

-12.42%

since Jul 29

LQAI · Weight increase · 2d

stock down 0.4% in the 30 days before

Jul 28·entry $27.10·now $23.76Fresh

-12.32%

since Jul 28

LQAI · Weight increase · 2d

stock down 3.0% in the 30 days before

Jul 16·entry $27.15·now $23.76Fresh

-12.49%

since Jul 16

AIEQno longer held2 signals

AIEQ · Exit · 1d

weight 0.050% → 0 (exited)·stock down 3.8% in the 30 days before

Sep 1·entry $25.54·now $23.76

-6.97%

since Sep 1

AIEQ · New entry · 1d

stock up 0.3% in the 30 days before

Aug 2·entry $26.54·now $23.76Fresh

-10.47%

since Aug 2

Sell signals show what the stock did after the AI exited. A negative number means the AI's exit was well-timed.

Buffett-style framework

Fails the frameworkas of Aug 2

AI ETFs, specifically AIEQ and LQAI, are showing positive sentiment towards VICI Properties, with AIEQ initiating a new position and LQAI increasing its holdings. This stands in contrast to the framework's 'Fail' verdict, which primarily stems from a lack of comprehensive financial data to meet the stringent criteria for financial health, management assessment, and margin of safety.

Circle of CompetenceThe long-term, triple-net lease structure of a major REIT provides sufficient predictability for projecting ten-year cash flows from its iconic gaming and entertainment properties.
Economic MoatThe portfolio of irreplaceable, iconic gaming and entertainment properties creates significant switching costs for tenants and a durable competitive advantage.
ManagementThe provided data does not offer enough information to assess management's integrity, capital allocation discipline, or skin in the game.
Financial HealthThe reported single-year ROE of 11.22% falls below the framework's 15% average threshold, and critical data for assessing debt management and owner earnings is missing.
Margin of SafetyA defensible discount of the current price to a conservative estimate of intrinsic value cannot be determined from the limited financial metrics provided.

VICI Properties passes the circle of competence and economic moat stages due to its predictable REIT model and strong tenant switching costs. However, the analysis results in a 'Fail' verdict primarily because the financial health criteria are not fully met, with the single-year ROE falling below the target average and a lack of data to assess owner earnings and debt. Additionally, the limited information prevents a definitive judgment on management quality and the presence of a margin of safety.

Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.