WallStSmart

Rexford Industrial Realty Inc (REXR)vsVICI Properties Inc (VICI)

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Smart Verdict

WallStSmart Research — data-driven comparison

VICI Properties Inc generates 313% more annual revenue ($4.10B vs $991.92M). VICI leads profitability with a 67.5% profit margin vs -39.2%. VICI earns a higher WallStSmart Score of 59/100 (C).

REXR

Hold

49

out of 100

Grade: D+

Growth: 6.0Profit: 5.0Value: 6.3Quality: 6.0
Piotroski: 4/9Altman Z: 1.54

VICI

Buy

59

out of 100

Grade: C

Growth: 5.3Profit: 8.0Value: 8.3Quality: 5.0
Piotroski: 4/9Altman Z: 1.82
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

REXRUndervalued (+70.5%)

Margin of Safety

+70.5%

Fair Value

$127.19

Current Price

$37.13

$90.06 discount

UndervaluedFair: $127.19Overvalued
VICIUndervalued (+36.8%)

Margin of Safety

+36.8%

Fair Value

$46.14

Current Price

$23.52

$22.62 discount

UndervaluedFair: $46.14Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

REXR3 strengths · Avg: 9.3/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Operating MarginProfitability
41.6%10/10

Strong operational efficiency at 41.6%

EPS GrowthGrowth
28.0%8/10

Earnings expanding 28.0% YoY

VICI4 strengths · Avg: 10.0/10
P/E RatioValuation
9.2x10/10

Attractively priced relative to earnings

Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Profit MarginProfitability
67.5%10/10

Keeps 68 of every $100 in revenue as profit

Operating MarginProfitability
70.2%10/10

Strong operational efficiency at 70.2%

Areas to Watch

REXR4 concerns · Avg: 3.3/10
PEG RatioValuation
1.884/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.544/10

Distress zone — elevated risk

Return on EquityProfitability
2.8%3/10

ROE of 2.8% — below average capital efficiency

Revenue GrowthGrowth
-1.6%2/10

Revenue declined 1.6%

VICI2 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.824/10

Grey zone — moderate risk

EPS GrowthGrowth
-41.4%2/10

Earnings declined 41.4%

Comparative Analysis Report

WallStSmart Research

Bull Case : REXR

The strongest argument for REXR centers on Price/Book, Operating Margin, 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 67.5% and operating margin at 70.2%.

Bear Case : REXR

The primary concerns for REXR are PEG Ratio, Altman Z-Score, Return on Equity.

Bear Case : VICI

The primary concerns for VICI are Altman Z-Score, EPS Growth.

Key Dynamics to Monitor

REXR profiles as a turnaround stock while VICI is a mature play — different risk/reward profiles.

REXR carries more volatility with a beta of 1.20 — expect wider price swings.

VICI is growing revenue faster at 5.7% — sustainability is the question.

Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

VICI scores higher overall (59/100 vs 49/100), backed by strong 67.5% margins. REXR offers better value entry with a 70.5% margin of safety. Both earn "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.

Rexford Industrial Realty Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Rexford Industrial, a real estate investment trust that focuses on owning and operating industrial properties in the infill markets of Southern California, owns 232 properties with approximately 27.

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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