JBG SMITH Properties (JBGS) vs VICI Properties Inc. (VICI)

JBG SMITH Properties and VICI Properties Inc. are both Reit Diversified companies. VICI Properties Inc. is the larger, with a market value of $25.8B against $776.8M — 33.1× the size. JBG SMITH Properties has negative trailing earnings, so its P/E is not meaningful; VICI Properties Inc. trades at 9.1×. VICI Properties Inc. grew revenue faster over the last twelve months: 4.36% against −1.08%. VICI Properties Inc. has the higher net margin (67.5% vs −29.9%) and the higher return on invested capital (4.93% vs −0.08%). Both pay a dividend; VICI Properties Inc. yields more (5.42% vs 5.34%). Across the 21 metrics below, VICI Properties Inc. leads on 17 and JBG SMITH Properties on 4.

Valuation

Metric JBGS VICI Reit Diversified median
P/E n/m 9.11 23.72
P/S 1.21 6.26 3.28
P/B 0.57 0.87 0.87
Price to free cash flow n/m 9.71 9.21
EV/EBITDA 15.60 11.44 11.57
EV/Sales 5.97 10.28 6.64
Earnings yield (24.79%) 10.97% 1.04%
Free cash flow yield (6.88%) 10.30% 0.16%

Profitability

Metric JBGS VICI Reit Diversified median
Gross margin 61.85% 100.00% 77.09%
Operating margin (0.88%) 88.72% 33.33%
Net margin (29.89%) 67.50% 2.62%
Free cash flow margin (8.31%) 64.44% 3.11%
Return on equity (12.66%) 9.70% 3.13%
Return on assets (3.45%) 5.86% 0.35%
Return on invested capital (0.08%) 4.93% 2.80%

Growth

Metric JBGS VICI Reit Diversified median
Revenue growth (TTM) (1.08%) 4.36% 5.49%
EPS growth (last fiscal year) (26.67%) 1.95% —
Revenue growth, 5-year CAGR (3.72%) 26.73% 4.83%
Net income growth, 5-year CAGR 0.00% 25.50% 0.00%

Health

Metric JBGS VICI Reit Diversified median
Debt to equity 2.35 0.57 1.13
Current ratio 4.89 1.98 1.47
Net debt to EBITDA 11.90 4.33 5.88

Dividend

Metric JBGS VICI Reit Diversified median
Dividend yield 5.34% 5.42% 7.13%
Payout ratio 2.20 0.70 1.37

Size

Metric JBGS VICI Reit Diversified median
Market cap 776.78m 25.75b 729.58m

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