Empire State Realty Trust Inc (ESRT)vsVICI Properties Inc (VICI)
ESRT
Empire State Realty Trust Inc
$4.94
+0.20%
REAL ESTATE · Cap: $1.55B
VICI
VICI Properties Inc
$26.54
+0.72%
REAL ESTATE · Cap: $29.01B
Smart Verdict
WallStSmart Research — data-driven comparison
VICI Properties Inc generates 423% more annual revenue ($4.10B vs $782.82M). VICI leads profitability with a 67.5% profit margin vs 0.9%. VICI trades at a lower P/E of 10.2x. VICI earns a higher WallStSmart Score of 59/100 (C).
ESRT
Hold47
out of 100
Grade: D+
VICI
Buy59
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+52.0%
Fair Value
$13.28
Current Price
$4.94
$8.34 discount
Margin of Safety
+38.7%
Fair Value
$47.60
Current Price
$26.54
$21.06 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 68 of every $100 in revenue as profit
Strong operational efficiency at 70.2%
Areas to Watch
3.2% revenue growth
Smaller company, higher risk/reward
ROE of 3.8% — below average capital efficiency
0.9% margin — thin
Grey zone — moderate risk
Weak financial health signals
Earnings declined 41.4%
Comparative Analysis Report
WallStSmart ResearchBull Case : ESRT
The strongest argument for ESRT centers on Price/Book.
Bull Case : VICI
The strongest argument for VICI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 67.5% and operating margin at 70.2%.
Bear Case : ESRT
The primary concerns for ESRT are Revenue Growth, Market Cap, Return on Equity. A P/E of 253.0x leaves little room for execution misses. Debt-to-equity of 2.21 is elevated, increasing financial risk.
Bear Case : VICI
The primary concerns for VICI are Altman Z-Score, Piotroski F-Score, EPS Growth.
Key Dynamics to Monitor
ESRT profiles as a value stock while VICI is a mature play — different risk/reward profiles.
ESRT carries more volatility with a beta of 1.36 — expect wider price swings.
VICI is growing revenue faster at 5.7% — sustainability is the question.
VICI generates stronger free cash flow (631M), providing more financial flexibility.
Bottom Line
VICI scores higher overall (59/100 vs 47/100), backed by strong 67.5% margins. ESRT offers better value entry with a 52.0% margin of safety. 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.
Empire State Realty Trust Inc
REAL ESTATE · REIT - DIVERSIFIED · USA
Empire State Realty Trust, Inc. (NYSE: ESRT), a major real estate investment trust (REIT), owns, manages, operates, acquires and repositions offices and retail properties in Manhattan and the New York metropolitan area, including the Empire State Building, the?
Visit Website →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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