WallStSmart

VICI Properties Inc (VICI)vsW P Carey Inc (WPC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

VICI Properties Inc generates 132% more annual revenue ($4.04B vs $1.74B). VICI leads profitability with a 76.8% profit margin vs 29.7%. VICI trades at a lower P/E of 9.8x. WPC earns a higher WallStSmart Score of 72/100 (B).

VICI

Strong Buy

66

out of 100

Grade: B-

Growth: 7.3Profit: 8.0Value: 8.3Quality: 6.3
Piotroski: 3/9Altman Z: 1.77

WPC

Strong Buy

72

out of 100

Grade: B

Growth: 7.3Profit: 7.5Value: 6.7Quality: 3.8
Piotroski: 4/9Altman Z: 0.56
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

VICIUndervalued (+49.2%)

Margin of Safety

+49.2%

Fair Value

$57.45

Current Price

$28.58

$28.87 discount

UndervaluedFair: $57.45Overvalued
WPCUndervalued (+54.9%)

Margin of Safety

+54.9%

Fair Value

$160.42

Current Price

$72.60

$87.82 discount

UndervaluedFair: $160.42Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

WPC4 strengths · Avg: 8.8/10
Operating MarginProfitability
54.8%10/10

Strong operational efficiency at 54.8%

Profit MarginProfitability
29.7%9/10

Keeps 30 of every $100 in revenue as profit

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

EPS GrowthGrowth
40.2%8/10

Earnings expanding 40.2% YoY

Areas to Watch

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

3.5% revenue growth

Altman Z-ScoreHealth
1.774/10

Distress zone — elevated risk

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

WPC3 concerns · Avg: 3.0/10
P/E RatioValuation
31.0x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
6.3%3/10

ROE of 6.3% — below average capital efficiency

Altman Z-ScoreHealth
0.562/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

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%.

Bull Case : WPC

The strongest argument for WPC centers on Operating Margin, Profit Margin, Price/Book. Profitability is solid with margins at 29.7% and operating margin at 54.8%. PEG of 1.47 suggests the stock is reasonably priced for its growth.

Bear Case : VICI

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

Bear Case : WPC

The primary concerns for WPC are P/E Ratio, Return on Equity, Altman Z-Score.

Key Dynamics to Monitor

VICI profiles as a value stock while WPC is a mature play — different risk/reward profiles.

WPC carries more volatility with a beta of 0.78 — expect wider price swings.

WPC is growing revenue faster at 8.9% — sustainability is the question.

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

Bottom Line

WPC scores higher overall (72/100 vs 66/100), backed by strong 29.7% margins. VICI offers better value entry with a 49.2% margin of safety. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

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.

W P Carey Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

WP Carey is among the largest net-lease REITs with an enterprise value of approximately $ 18 billion and a diversified portfolio of operationally critical commercial real estate that includes 1,215 net-lease properties covering approximately 142 million square feet as of March 30. September 2020.

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