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VICI
VICI·REIT - Diversified·United States
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 destinat...
1 Total1 External0 In-site
VICIVICI
2026-03-29🏠 Real EstatePitch
Externalby Sterling's Investment Notes · Other
Sterling's Investment Notes on VICI (VICI)
公司名称
VICI Properties ⚠️
主要经营地
美国
详细生意模式
赌场房产REIT，通过长期通胀挂钩租赁持有CZR等运营方资产。CZR租赁覆盖率极差，区域主租约可能显著FCF负值。通胀挂钩租金+周期性EBITDAR=滞胀灾难。
护城河
🔴弱
估值水平
高估
EV/Market Cap
EBITDA $36.51亿，债务$176.90亿
网络观点
租户风险被严重低估
AI观点
CZR租赁覆盖恶劣，VICI需减租>$100M但难以收回资产。结构性风险高，滞胀环境下尤为危险
作者简介
独立分析师