VICI Properties' Credit Rating Upgraded to Baa3 by Moody's

Zacks11-20

VICI Properties Inc. VICI recently announced that it has secured an issuer credit rating upgrade to ‘Baa3’ from ‘Ba1’, with a stable outlook from Moody’s Investors Service, Inc. This is encouraging ...

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This is encouraging ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vici-properties-credit-rating-upgraded-160800662.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VICI Properties' Credit Rating Upgraded to Baa3 by Moody's</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVICI Properties' Credit Rating Upgraded to Baa3 by Moody's\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 00:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vici-properties-credit-rating-upgraded-160800662.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>VICI Properties Inc. VICI recently announced that it has secured an issuer credit rating upgrade to ‘Baa3’ from ‘Ba1’, with a stable outlook from Moody’s Investors Service, Inc. This is encouraging ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vici-properties-credit-rating-upgraded-160800662.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VICI","symbol_name":"Vici Properties","start_time":0,"source_url":"https://finance.yahoo.com/news/vici-properties-credit-rating-upgraded-160800662.html","article_id":"2484397570","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/nDKfXN29erumOj8KD1uGyw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f72afc00f8c244e18daee68e4665f4cb"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484397570","pubTimestamp":1732032480,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"VICI Properties Inc. VICI recently announced that it has secured an issuer credit rating upgrade to ‘Baa3’ from ‘Ba1’, with a stable outlook from Moody’s Investors Service, Inc. This is encouraging because, with investment-grade credit ratings, VICI can enjoy better accessibility to capital at favorable costs and opt for value-accretive investments.This experiential REIT’s geographically diverse portfolio, consistent operating cash flows, sound liquidity position and strategic financial decisions drove the upward revision in the rating outlook by the rating agency.As per David Kieske, CFO of VICI Properties, “We have used each transformational transaction along the way to improve our balance sheet and to best position ourselves for credit rating improvements.”Last October, VICI reported quarterly funds from operations  of 57 cents per share, beating the Zacks Consensus Estimate of 56 cents and the year-ago tally of 54 cents. Results reflected higher-than-anticipated revenues driven by ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"VICI":"Vici Properties"},"translate_title":"穆迪将VICI Properties信用评级上调至Baa3","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VICI":1},"content_text":"VICI Properties Inc. VICI recently announced that it has secured an issuer credit rating upgrade to ‘Baa3’ from ‘Ba1’, with a stable outlook from Moody’s Investors Service, Inc. This is encouraging because, with investment-grade credit ratings, VICI can enjoy better accessibility to capital at favorable costs and opt for value-accretive investments.\nThis experiential REIT’s geographically diverse portfolio, consistent operating cash flows, sound liquidity position and strategic financial decisions drove the upward revision in the rating outlook by the rating agency.\nAs per David Kieske, CFO of VICI Properties, “We have used each transformational transaction along the way to improve our balance sheet and to best position ourselves for credit rating improvements.”\nShares of this Zacks Rank #3 (Hold) company have declined 2.2% over the past month, outperforming the industry's fall of 3.0%.\nImage Source: Zacks Investment Research\nVICI Properties owns a geographically diverse portfolio, which includes a mix of gaming, hospitality and entertainment assets located across the United States and Canada. It enjoys ownership of three of the most iconic entertainment facilities on the Las Vegas Strip, namely Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas.\nThe company stands to gain from its strong partnerships with top-tier experiential operators. The long-term triple-net leases with these tenants are likely to contribute to stable revenue generation, supporting its top-line growth.\nLast October, VICI reported quarterly funds from operations (FFO) of 57 cents per share, beating the Zacks Consensus Estimate of 56 cents and the year-ago tally of 54 cents. Results reflected higher-than-anticipated revenues driven by higher same-store rentals. Total revenues increased by 6.7% year over year to $964.7 million.\nAs of Sept. 30, 2024, VICI had around $3.3 billion in liquidity, comprising $355.7 million in cash and cash equivalents, 630.2 million of estimated forward sale equity proceeds and around $2.3 billion of availability under its revolving credit facility. With its sound liquidity position, VICI is anticipated to sail efficiently through any unexpected negative externalities in the future and bank on growth opportunities.\nStocks to Consider\nSome better-ranked stocks from the broader REIT sector are Cousins Properties CUZ and Welltower WELL, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nThe Zacks Consensus Estimate for Cousins Properties’ 2024 FFO per share stands at $2.68, which indicates an increase of 2.3% from the year-ago reported figure.\nThe Zacks Consensus Estimate for Welltower’s 2024 FFO per share is pegged at $4.26, which suggests year-over-year growth of 17.0%.\nNote: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCousins Properties Incorporated (CUZ) : Free Stock Analysis Report\nWelltower Inc. (WELL) : Free Stock Analysis Report\nVICI Properties Inc. (VICI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484397570"}