WallStSmart

Armada Hoffler Properties, Inc. (AHRT)vsVICI Properties Inc (VICI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

VICI Properties Inc generates 1309% more annual revenue ($4.04B vs $286.85M). VICI leads profitability with a 76.8% profit margin vs -5.1%. VICI earns a higher WallStSmart Score of 66/100 (B-).

AHRT

Hold

44

out of 100

Grade: D

Growth: 4.0Profit: 4.0Value: 5.0Quality: 2.5
Piotroski: 3/9Altman Z: 0.27

VICI

Strong Buy

66

out of 100

Grade: B-

Growth: 7.3Profit: 8.0Value: 8.3Quality: 6.5
Piotroski: 3/9Altman Z: 1.82
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for AHRT.

VICIUndervalued (+40.3%)

Margin of Safety

+40.3%

Fair Value

$48.85

Current Price

$27.86

$20.99 discount

UndervaluedFair: $48.85Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AHRT2 strengths · Avg: 9.0/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
22.9%8/10

Strong operational efficiency at 22.9%

VICI5 strengths · Avg: 10.0/10
P/E RatioValuation
9.8x10/10

Attractively priced relative to earnings

Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Profit MarginProfitability
76.8%10/10

Keeps 77 of every $100 in revenue as profit

Operating MarginProfitability
107.5%10/10

Strong operational efficiency at 107.5%

EPS GrowthGrowth
60.1%10/10

Earnings expanding 60.1% YoY

Areas to Watch

AHRT4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$668.74M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-3.9%2/10

ROE of -3.9% — below average capital efficiency

VICI3 concerns · Avg: 3.7/10
Revenue GrowthGrowth
3.5%4/10

3.5% revenue growth

Altman Z-ScoreHealth
1.824/10

Grey zone — moderate risk

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : AHRT

The strongest argument for AHRT centers on Price/Book, Operating Margin.

Bull Case : VICI

The strongest argument for VICI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 76.8% and operating margin at 107.5%.

Bear Case : AHRT

The primary concerns for AHRT are EPS Growth, Market Cap, Piotroski F-Score. Debt-to-equity of 2.39 is elevated, increasing financial risk.

Bear Case : VICI

The primary concerns for VICI are Revenue Growth, Altman Z-Score, Piotroski F-Score.

Key Dynamics to Monitor

AHRT profiles as a turnaround stock while VICI is a value play — different risk/reward profiles.

AHRT carries more volatility with a beta of 1.11 — expect wider price swings.

AHRT is growing revenue faster at 7.8% — sustainability is the question.

VICI generates stronger free cash flow (631M), providing more financial flexibility.

Bottom Line

VICI scores higher overall (66/100 vs 44/100), backed by strong 76.8% margins. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Armada Hoffler Properties, Inc.

REAL ESTATE · REIT - DIVERSIFIED · USA

AH REALTY TRUST INC is a vertically integrated, self-managed real estate investment trust.

VICI Properties Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.

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