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Vici Properties Stock Soared in Q1 While the S&P 500 Struggled. Here's Why.
Vici Properties (NYSE: VICI) had a great first quarter. The real estate investment trust (REIT) soared 11.7% to start the year, according to data provided by S&P Global Market Intelligence. That rally came during a period when the S&P 500 struggled. The broad market index was down 4.6%, its biggest drop since the bear market of 2022. Here's a look at what drove the REIT's strong first-quarter rally and what's ahead for the company this year.Vici Properties had a busy first quarter. The REIT reported its fourth-quarter and full-year results for 2024 in mid-February. The company reported a mid-single-digit rise in its adjusted funds from operations (FFO) per share (3.6% for the fourth quarter and 5.1% for the full year). It benefited from inflation-indexed rental rate increases in its leases and new investments. Continue reading
Vici Properties (NYSE: VICI) had a great first quarter. The real estate investment trust (REIT) soared 11.7% to start the year, according to data provided by S&P Global Market Intelligence. That rally came during a period when the S&P 500 struggled. The broad market index was down 4.6%, its biggest drop since the bear market of 2022.
Here's a look at what drove the REIT's strong first-quarter rally and what's ahead for the company this year.
Vici Properties had a busy first quarter. The REIT reported its fourth-quarter and full-year results for 2024 in mid-February. The company reported a mid-single-digit rise in its adjusted funds from operations (FFO) per share (3.6% for the fourth quarter and 5.1% for the full year). It benefited from inflation-indexed rental rate increases in its leases and new investments.
