VICI Properties Q2 revenue rises to $1.1B but earnings per share drop 39%.

VICI Properties reported strong Q2 revenue growth, reaching $1.1 billion, surpassing analyst expectations due to long-term leases. However, earnings per share fell 39.1% to $0.48, and Adjusted Funds From Operations per share missed estimates at $0.62 versus $0.71 expected. Despite mixed results, the company is seen as modestly undervalued with a P/E ratio of 10.51, suggesting potential investment value. The stock saw a slight price increase following the earnings announcement.