8 Cheap Jim Cramer Stocks to Invest In

6. VICI Properties Inc. (NYSE:VICI)

Forward P/E: 12.37

Number of Hedge Fund Holders: 33

Cramer has previously discussed VICI Properties Inc. (NYSE:VICI) during a lightning round of Mad Money. Talking about the company, he said, “You got a 5% yield, so it’s a little bit better than treasuries. It’s a well-run company.”

VICI Properties (NYSE:VICI) operates as an S&P 500 experiential real estate investment trust and has a diverse portfolio that includes some of the most iconic destinations in Las Vegas, such as Caesars Palace, MGM Grand, and the Venetian Resort. The company has a total of 93 experiential properties, comprising 54 gaming facilities and 39 additional venues located throughout the United States and Canada. These properties are managed by top industry firms and are all backed by long-term, triple-net lease agreements.

In its Q2 earnings report, VICI Properties (NYSE:VICI) reported revenue of $957 million, marking a 6.6% increase despite economic challenges. EPS also grew from $0.69 to $0.71. By the end of the second quarter, the company had approximately $3.2 billion in total liquidity, which included $347 million in cash and cash equivalents, along with $566 million in estimated proceeds from outstanding forwards. Additionally, the company had $2.2 billion available under its revolving credit facility, which features an accordion option, enabling it to request up to $1 billion in additional lender commitments.