American Assets Trust, Inc. (AAT) vs VICI Properties Inc. (VICI)

American Assets Trust, Inc. and VICI Properties Inc. are both Reit Diversified companies. VICI Properties Inc. is the larger, with a market value of $27.8B against $1.3B — 20.9× the size. VICI Properties Inc. trades at the lower P/E: 11.5× against 56.1×. VICI Properties Inc. grew revenue faster over the last twelve months: 4.70% against 1.11%. VICI Properties Inc. has the higher net margin (56.5% vs 4.77%) and the higher return on invested capital (4.37% vs 2.47%). Both pay a dividend; VICI Properties Inc. yields more (7.20% vs 6.29%). Across the 23 metrics below, VICI Properties Inc. leads on 19 and American Assets Trust, Inc. on 4.

Valuation

Metric AAT VICI Reit Diversified median
P/E 56.13 11.50 22.49
P/S 2.95 6.66 2.94
P/B 1.26 0.94 0.94
Price to free cash flow 17.46 10.22 8.81
EV/EBITDA 12.28 13.54 12.28
EV/Sales 6.58 10.63 6.39
Earnings yield 1.78% 8.69% 1.18%
Free cash flow yield 5.73% 9.78% 2.24%

Profitability

Metric AAT VICI Reit Diversified median
Gross margin 70.76% 100.00% 74.61%
Operating margin 23.58% 77.35% 31.87%
Net margin 4.77% 56.46% 0.20%
Free cash flow margin 16.91% 65.14% 4.96%
Return on equity 1.97% 8.16% 1.07%
Return on assets 0.73% 4.96% 0.04%
Return on invested capital 2.47% 4.37% 2.71%

Growth

Metric AAT VICI Reit Diversified median
Revenue growth (TTM) 1.11% 4.70% 3.37%
EPS growth (last fiscal year) (2.13%) 1.95% (13.25%)
Revenue growth, 5-year CAGR 4.83% 26.73% 4.83%
Net income growth, 5-year CAGR 15.01% 25.50% 0.00%

Health

Metric AAT VICI Reit Diversified median
Debt to equity 1.64 0.57 1.03
Current ratio 2.56 2.35 1.25
Net debt to EBITDA 5.68 4.33 5.88

Dividend

Metric AAT VICI Reit Diversified median
Dividend yield 6.29% 7.20% 6.60%
Payout ratio 3.88 0.83 1.59

Size

Metric AAT VICI Reit Diversified median
Market cap 1.33b 27.76b 777.86m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack