WallStSmart

CTO Realty Growth Inc (CTO)vsVICI Properties Inc (VICI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

VICI Properties Inc generates 2579% more annual revenue ($4.01B vs $149.54M). VICI leads profitability with a 69.3% profit margin vs 6.8%. VICI trades at a lower P/E of 10.4x. VICI earns a higher WallStSmart Score of 56/100 (C).

CTO

Hold

44

out of 100

Grade: D

Growth: 6.0Profit: 5.0Value: 3.0Quality: 4.8
Piotroski: 3/9Altman Z: 0.94

VICI

Buy

56

out of 100

Grade: C

Growth: 4.7Profit: 8.0Value: 5.7Quality: 6.3
Piotroski: 3/9Altman Z: 1.77
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CTOSignificantly Overvalued (-3324.1%)

Margin of Safety

-3324.1%

Fair Value

$0.54

Current Price

$18.40

$17.86 premium

UndervaluedFair: $0.54Overvalued
VICISignificantly Overvalued (-63.1%)

Margin of Safety

-63.1%

Fair Value

$17.88

Current Price

$27.07

$9.19 premium

UndervaluedFair: $17.88Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CTO2 strengths · Avg: 9.0/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Operating MarginProfitability
22.6%8/10

Strong operational efficiency at 22.6%

VICI4 strengths · Avg: 10.0/10
P/E RatioValuation
10.4x10/10

Attractively priced relative to earnings

Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
69.3%10/10

Keeps 69 of every $100 in revenue as profit

Operating MarginProfitability
80.3%10/10

Strong operational efficiency at 80.3%

Areas to Watch

CTO4 concerns · Avg: 3.0/10
Market CapQuality
$597.14M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.7%3/10

ROE of 1.7% — below average capital efficiency

Profit MarginProfitability
6.8%3/10

6.8% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

VICI4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
3.8%4/10

3.8% revenue growth

Altman Z-ScoreHealth
1.774/10

Distress zone — elevated risk

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

EPS GrowthGrowth
-3.4%2/10

Earnings declined 3.4%

Comparative Analysis Report

WallStSmart Research

Bull Case : CTO

The strongest argument for CTO 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 : CTO

The primary concerns for CTO are Market Cap, Return on Equity, Profit Margin. A P/E of 229.3x leaves little room for execution misses.

Bear Case : VICI

The primary concerns for VICI are Revenue Growth, Altman Z-Score, Piotroski F-Score.

Key Dynamics to Monitor

VICI carries more volatility with a beta of 0.70 — expect wider price swings.

CTO is growing revenue faster at 7.3% — sustainability is the question.

VICI generates stronger free cash flow (692M), providing more financial flexibility.

Monitor REIT - DIVERSIFIED industry trends, competitive dynamics, and regulatory changes.

Bottom Line

VICI scores higher overall (56/100 vs 44/100), 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.

CTO Realty Growth Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company owning approximately 2 income properties.

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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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