Vici Properties (VICI), a prominent real estate investment trust, exhibited a mixed balance sheet with some important occurrences during Q4 2024. Results showed a rise in revenue, albeit with a decrease in EPS. The company reportedly met estimates for Funds From Operations (FFO) for Q4. However, forecasts for 2025 were considered soft as Q4's FFO didn't meet consensus. VICI also secured a $300M financing for a $5B project in Beverly Hills, boosting its presence in ultra-luxury real estate. Investment activity, including Stifel Nicolaus' positive forecast for VICI's stock price, indicates potential valuation growth. Yet, some investors pulled out, with Allianz Asset Management and ING Groep NV reducing their VICI holdings. Still, some significant acquisitions of shares by the Paradigm Asset Management and Handelsbanken Fonder reflects renewed investor confidence. The company's latest attempt to establish a strategic relationship with Cain and Eldridge Industries focused on experiential real estate, is expected to bolster its footing in the market.
Vici Properties VICI News Analytics from Tue, 19 Nov 2024 08:00:00 GMT to Sat, 22 Feb 2025 19:07:14 GMT - Rating 6 - Innovation 4 - Information 7 - Rumor 2
