10 Most Undervalued REIT Stocks to Invest In Now

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1. VICI Properties Inc. (NYSE:VICI)

Number of Hedge Fund Holders: 48

Forward P/E: 11.44

VICI Properties Inc. (NYSE:VICI) is an experiential real estate investment trust that is one of the largest owners of gaming, hospitality, and entertainment destinations in the United States. The S&P 500 experiential REIT owns 93 experiential assets comprising 54 gaming properties and 39 other experiential properties across the United States and Canada. The firm’s properties are occupied by industry-leading leisure, gaming, and hospitality operators under long-term, triple-net lease agreements.

As compared to other traditional net lease real estate investment trusts, the firm’s assets have high barriers to entry and high financial transparency. With demand currently inclining towards developments that tend to blend luxury, hospitality, and experience, VICI Properties Inc. (NYSE:VICI) recently made a strategic move giving it an opportunity to invest in place-based history and experiential luxury. On February 19, the REIT announced a strategic relationship with Cain International and Eldridge Industries, a collaboration that launched with VICI’s $300 million investment into a mezzanine loan related to the development of a landmark 17.5-acre luxury mixed-use development ‘One Beverly Hills’. This strategic move took place subsequent to the end of the fourth quarter of 2024, during which the REIT’s total revenue rose 4.7% year-over-year while AFFO rose 5.4% year-over-year.

While we acknowledge the potential of VICI as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued AI stock that is more promising than VICI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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