WallStSmart

JBG SMITH Properties (JBGS)vsVICI Properties Inc (VICI)

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Smart Verdict

WallStSmart Research — data-driven comparison

VICI Properties Inc generates 701% more annual revenue ($4.04B vs $504.51M). VICI leads profitability with a 76.8% profit margin vs -22.2%. VICI earns a higher WallStSmart Score of 66/100 (B-).

JBGS

Hold

49

out of 100

Grade: D+

Growth: 6.0Profit: 3.0Value: 5.3Quality: 3.0
Piotroski: 4/9Altman Z: 0.09

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

JBGSUndervalued (+0.3%)

Margin of Safety

+0.3%

Fair Value

$16.16

Current Price

$14.89

$1.27 discount

UndervaluedFair: $16.16Overvalued
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

JBGS2 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

EPS GrowthGrowth
59.5%10/10

Earnings expanding 59.5% YoY

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

JBGS4 concerns · Avg: 2.5/10
Market CapQuality
$894.31M3/10

Smaller company, higher risk/reward

Operating MarginProfitability
1.1%3/10

Operating margin of 1.1%

Return on EquityProfitability
-9.8%2/10

ROE of -9.8% — below average capital efficiency

Free Cash FlowQuality
$-19.83M2/10

Negative free cash flow — burning cash

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 : JBGS

The strongest argument for JBGS centers on Price/Book, EPS Growth.

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 : JBGS

The primary concerns for JBGS are Market Cap, Operating Margin, Return on Equity. Debt-to-equity of 2.26 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

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

JBGS carries more volatility with a beta of 1.05 — expect wider price swings.

JBGS is growing revenue faster at 5.9% — sustainability is the question.

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

Bottom Line

VICI scores higher overall (66/100 vs 49/100), 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.

JBG SMITH Properties

REAL ESTATE · REIT - DIVERSIFIED · USA

JBG SMITH is an S&P 400 company that owns, operates, invests, and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC.

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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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