The Acquirers Podcast · Thursday, October 29, 2026
Tim Melvin argues that casino REITs like Vici Properties are deeply undervalued, trading at about 80% of internal net asset value with strong dividend yields. He points out that they maintained rent payments through COVID and the great financial crisis.
“The two largest casino REITs in the country, extremely well financed, very low debt ratios, very high interest coverage ratios, are now trading at about 80% of our internal net asset value numbers. And that's Vici Properties...”