The VICI Properties Enigma: Why Wall Street's Optimism May Be Misguided The recent quarterly results from VICI Properties Inc.
, one of the largest experiential real estate investment trusts in the world, have left investors perplexed. Despite a 5. 7% year over year increase in revenue to $1. 1 billion and an AFFO per share growth of 4.
6%, the company's stock has underperformed the broader market over the past year. VICI's shares have declined by nearly 20% in the last 12 months, while the S&P 500 Index has rallied by around 17. 7%.