Critical Survey: VICI Properties (NYSE:VICI) & Mobile Infrastructure (NASDAQ:BEEP)

VICI Properties (NYSE:VICI) and Mobile Infrastructure (NASDAQ:BEEP) are both real estate companies, but which is the better investment? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, earnings, profitability, dividends, risk and institutional ownership.

Profitability

This table compares VICI Properties and Mobile Infrastructure’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
VICI Properties	67.50%	9.66%	5.87%
Mobile Infrastructure	-70.76%	-11.49%	-4.88%

Earnings and Valuation

This table compares VICI Properties and Mobile Infrastructure”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
VICI Properties	$4.10 billion	7.18	$2.78 billion	$2.58	10.36
Mobile Infrastructure	$34.77 million	2.94	-$21.44 million	($0.63)	-3.94

VICI Properties has higher revenue and earnings than Mobile Infrastructure. Mobile Infrastructure is trading at a lower price-to-earnings ratio than VICI Properties, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a breakdown of recent ratings and target prices for VICI Properties and Mobile Infrastructure, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
VICI Properties	0	7	6	0	2.46
Mobile Infrastructure	1	0	2	0	2.33

VICI Properties currently has a consensus price target of $31.54, suggesting a potential upside of 18.02%. Mobile Infrastructure has a consensus price target of $6.25, suggesting a potential upside of 152.02%. Given Mobile Infrastructure’s higher probable upside, analysts plainly believe Mobile Infrastructure is more favorable than VICI Properties.

Institutional and Insider Ownership

97.7% of VICI Properties shares are owned by institutional investors. Comparatively, 84.3% of Mobile Infrastructure shares are owned by institutional investors. 0.3% of VICI Properties shares are owned by insiders. Comparatively, 36.6% of Mobile Infrastructure shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Risk & Volatility

VICI Properties has a beta of 0.65, indicating that its share price is 35% less volatile than the S&P 500. Comparatively, Mobile Infrastructure has a beta of 0.59, indicating that its share price is 41% less volatile than the S&P 500.

Summary

VICI Properties beats Mobile Infrastructure on 12 of the 14 factors compared between the two stocks.

About VICI Properties

VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, and Kalahari Resorts. VICI Properties also owns four championship golf courses and 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators.

About Mobile Infrastructure

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.