VICI Properties (VICI) stock outperformed Realty Income (O), National Retail Properties (NNN), and other net lease REITs in 2022 and I think that this will continue in 2023. VICI has better properties and stronger leases than its peers, but it is priced at a lower valuation. You can access my entire REIT Portfolio by taking a 2-week free trial to my REIT newsletter, High Yield Landlord: [ Ссылка ]
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Realty Income and other net lease REITs own lower-quality properties in most cases. They are not built to last, their tenants are less dependent on them, and they face greater obsolescence risk.
Realty Income also has shorter leases, slower rent hikes, more capex responsibilities, and lacks CPI adjustments in its leases.
Despite that, it is priced at a higher valuation than VICI Properties and therefore, I believe that VICI Properties is a better opportunity for 2023.
Image sources: VICI Properties, Realty Income, National Retail Properties, NAREIT, YCHARTS, imgflip, Canva Important Disclaimer: This video is impersonal and does not provide individualized advice or recommendations for any specific person. Viewers/readers should not make any investment decision without conducting their own due diligence and consulting their financial advisor about their specific situation. This video is for entertainment purposes only and you are responsible for your own investment decisions. The information is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The opinions expressed are those of the publisher and are subject to change without notice. This YouTube channel is managed by Leonberg Research OÜ, a subsidiary of Leonberg Capital OÜ.
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