American Assets Trust Inc (AAT)vsVICI Properties Inc (VICI)
AAT
American Assets Trust Inc
$18.31
-3.12%
REAL ESTATE · Cap: $1.48B
VICI
VICI Properties Inc
$26.83
-4.11%
REAL ESTATE · Cap: $30.59B
Smart Verdict
WallStSmart Research — data-driven comparison
VICI Properties Inc generates 828% more annual revenue ($4.01B vs $431.87M). VICI leads profitability with a 69.3% profit margin vs 12.9%. VICI trades at a lower P/E of 11.0x. VICI earns a higher WallStSmart Score of 56/100 (C).
AAT
Hold48
out of 100
Grade: D+
VICI
Buy56
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-195.5%
Fair Value
$6.26
Current Price
$18.31
$12.05 premium
Margin of Safety
-64.3%
Fair Value
$17.75
Current Price
$26.83
$9.08 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 21.3%
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 69 of every $100 in revenue as profit
Strong operational efficiency at 80.3%
Areas to Watch
Smaller company, higher risk/reward
ROE of 6.4% — below average capital efficiency
Weak financial health signals
Expensive relative to growth rate
3.8% revenue growth
Distress zone — elevated risk
Weak financial health signals
Earnings declined 3.4%
Comparative Analysis Report
WallStSmart ResearchBull Case : AAT
The strongest argument for AAT centers on Price/Book, Operating Margin.
Bull Case : VICI
The strongest argument for VICI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 69.3% and operating margin at 80.3%.
Bear Case : AAT
The primary concerns for AAT are Market Cap, Return on Equity, Piotroski F-Score.
Bear Case : VICI
The primary concerns for VICI are Revenue Growth, Altman Z-Score, Piotroski F-Score.
Key Dynamics to Monitor
AAT profiles as a declining stock while VICI is a value play — different risk/reward profiles.
AAT carries more volatility with a beta of 0.96 — expect wider price swings.
VICI is growing revenue faster at 3.8% — sustainability is the question.
VICI generates stronger free cash flow (692M), providing more financial flexibility.
Bottom Line
VICI scores higher overall (56/100 vs 48/100), backed by strong 69.3% margins. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
American Assets Trust Inc
REAL ESTATE · REIT - DIVERSIFIED · USA
American Assets Trust, Inc. is a self-managed, vertically integrated, full-service real estate investment trust, or REIT, based in San Diego, California.
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.
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