WallStSmart

Empire State Realty Trust Inc (ESRT)vsVICI Properties Inc (VICI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

VICI Properties Inc generates 422% more annual revenue ($4.01B vs $767.81M). VICI leads profitability with a 69.3% profit margin vs 6.2%. VICI trades at a lower P/E of 11.0x. ESRT earns a higher WallStSmart Score of 59/100 (C).

ESRT

Buy

59

out of 100

Grade: C

Growth: 8.0Profit: 5.0Value: 7.3Quality: 4.8
Piotroski: 2/9

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

ESRTUndervalued (+45.5%)

Margin of Safety

+45.5%

Fair Value

$11.70

Current Price

$5.08

$6.62 discount

UndervaluedFair: $11.70Overvalued
VICISignificantly Overvalued (-64.3%)

Margin of Safety

-64.3%

Fair Value

$17.75

Current Price

$26.83

$9.08 premium

UndervaluedFair: $17.75Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ESRT3 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
80.0%10/10

Revenue surging 80.0% year-over-year

EPS GrowthGrowth
75.4%10/10

Earnings expanding 75.4% YoY

VICI4 strengths · Avg: 10.0/10
P/E RatioValuation
11.0x10/10

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

ESRT4 concerns · Avg: 3.0/10
Market CapQuality
$1.53B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
4.0%3/10

ROE of 4.0% — below average capital efficiency

Profit MarginProfitability
6.2%3/10

6.2% margin — thin

Piotroski F-ScoreQuality
2/93/10

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 : ESRT

The strongest argument for ESRT centers on Price/Book, Revenue Growth, EPS Growth. Revenue growth of 80.0% demonstrates continued momentum.

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 : ESRT

The primary concerns for ESRT are Market Cap, Return on Equity, Profit Margin.

Bear Case : VICI

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

Key Dynamics to Monitor

ESRT profiles as a hypergrowth stock while VICI is a value play — different risk/reward profiles.

ESRT carries more volatility with a beta of 1.38 — expect wider price swings.

ESRT is growing revenue faster at 80.0% — sustainability is the question.

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

Bottom Line

ESRT scores higher overall (59/100 vs 56/100) and 80.0% revenue growth. Both earn "Buy" and "Buy" 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?

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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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