WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

VICI Properties Inc generates 125% more annual revenue ($4.10B vs $1.82B). VICI leads profitability with a 67.5% profit margin vs 35.8%. VICI trades at a lower P/E of 10.2x. WPC earns a higher WallStSmart Score of 74/100 (B).

VICI

Buy

59

out of 100

Grade: C

Growth: 5.3Profit: 8.0Value: 8.3Quality: 6.5
Piotroski: 3/9Altman Z: 1.82

WPC

Strong Buy

74

out of 100

Grade: B

Growth: 8.0Profit: 7.5Value: 7.3Quality: 3.0
Piotroski: 2/9Altman Z: 0.41
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

VICIUndervalued (+38.7%)

Margin of Safety

+38.7%

Fair Value

$47.60

Current Price

$26.54

$21.06 discount

UndervaluedFair: $47.60Overvalued
WPCUndervalued (+52.5%)

Margin of Safety

+52.5%

Fair Value

$152.02

Current Price

$72.91

$79.11 discount

UndervaluedFair: $152.02Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

VICI4 strengths · Avg: 10.0/10
P/E RatioValuation
10.2x10/10

Attractively priced relative to earnings

Price/BookValuation
1.0x10/10

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%

WPC5 strengths · Avg: 9.2/10
Profit MarginProfitability
35.8%10/10

Keeps 36 of every $100 in revenue as profit

Operating MarginProfitability
59.3%10/10

Strong operational efficiency at 59.3%

EPS GrowthGrowth
256.5%10/10

Earnings expanding 256.5% YoY

Price/BookValuation
1.9x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
18.4%8/10

18.4% revenue growth

Areas to Watch

VICI3 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.824/10

Grey zone — moderate risk

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

EPS GrowthGrowth
-41.4%2/10

Earnings declined 41.4%

WPC4 concerns · Avg: 3.3/10
P/E RatioValuation
25.4x4/10

Moderate valuation

Return on EquityProfitability
6.2%3/10

ROE of 6.2% — below average capital efficiency

Debt/EquityHealth
1.063/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

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 67.5% and operating margin at 70.2%.

Bull Case : WPC

The strongest argument for WPC centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 35.8% and operating margin at 59.3%. Revenue growth of 18.4% demonstrates continued momentum.

Bear Case : VICI

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

Bear Case : WPC

The primary concerns for WPC are P/E Ratio, Return on Equity, Debt/Equity.

Key Dynamics to Monitor

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

WPC carries more volatility with a beta of 0.79 — expect wider price swings.

WPC is growing revenue faster at 18.4% — sustainability is the question.

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

Bottom Line

WPC scores higher overall (74/100 vs 59/100), backed by strong 35.8% margins and 18.4% revenue growth. VICI offers better value entry with a 38.7% margin of safety. Both earn "Strong Buy" and "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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