VICI Properties Inc.

US$24.79As of Sun 8 Nov 2026, 12:00 UTC

NYSE:VICIReal Estate

Country USA

PE (Fwd) •••

TSR 9Y CAGR 8.88%

Div yield 7.42%

ROE 8.28%

REIT (Diversified)

Beta (5Y) 0.65

PE TTM 11.48

TSR TTM (11.54%)

Mkt cap US$27.30B

ROIC 6.78%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$27

8.15%

47.63%

Buy 9|12|1|4|0

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

3.049

Revenue$B

6.097

6.534

6.939

7.503

8.141

8.602

9.216

9.918

10.56

11.29

3.382

6.76%

7.18%

17.27

Revenue growth%

11.00

9.23

9.14

6.39

8.76

6.67

8.56

10.71

7.92

7.05

21.81

7.92

8.66

21.19

Gross margin%

19.59

21.57

18.61

17.24

18.62

20.00

18.20

20.27

17.36

17.14

13.21

18.20

18.62

4.42

Operating margin%

22.96

23.31

24.58

24.85

27.48

25.32

23.99

26.42

24.21

26.54

27.11

25.32

24.71

4.31

Net margin%

15.61

18.23

18.42

17.24

18.98

19.39

18.25

17.47

19.03

21.10

13.35

19.03

18.33

18.42

P/E ratio (avg)x

12.28

11.18

12.22

13.58

15.27

15.77

17.29

16.60

16.19

15.02

24.37

16.19

15.14

18.18

EV/EBITx

12.12

12.01

11.88

10.41

10.36

9.978

9.347

10.32

10.97

11.12

37.12

10.32

10.69

22.93

FCF yield (avg)%

9.94

9.06

9.30

11.75

9.60

8.48

8.60

9.74

12.55

10.26

28.94

9.74

9.67

14.30

FCF margin%

18.39

15.61

16.40

19.08

16.50

18.61

19.71

17.30

18.04

21.03

12.31

18.61

18.22

0.421

FCF / Net incomex

0.988

1.039

1.158

1.319

1.468

1.559

1.689

1.649

1.869

2.035

0.222

1.689

1.514

5.22

ROIC%

29.01

27.97

27.35

26.31

27.78

27.18

27.84

25.34

24.95

22.71

5.77

25.34

27.27

10.98

Return on equity%

17.06

15.73

16.54

14.28

16.22

13.58

16.42

19.14

17.89

20.07

29.10

17.89

16.48

12.16

Return on assets%

2.49

0.40

0.64

0.40

3.05

7.22

0.40

0.41

EPS$

1.47

1.76

2.05

2.07

2.36

2.57

2.78

3.24

3.89

4.43

0.43

13.40%

13.19%

—

29.69

EPS growth%

13.34

11.52

8.81

9.26

11.88

14.63

14.25

16.71

15.47

12.50

12.88

14.63

12.92

0.55

Bookvalue per sh$

2.55

2.70

2.76

2.83

3.16

3.28

2.95

2.88

3.17

3.12

1.51

(0.24%)

2.53%

—

1.82

FCF per share$

1.56

1.71

1.75

1.62

1.78

1.91

1.95

2.05

2.20

2.31

1.16

5.33%

4.59%

—

0.40

Dividend per sh$

0.72

0.69

0.74

0.82

0.81

0.82

0.81

0.89

1.05

1.00

0.75

4.31%

4.79%

—

15.26

Div yield (avg)%

15.98

16.08

13.14

15.88

18.50

19.26

21.72

19.99

21.45

22.18

29.42

21.45

18.88

5.06

Payout ratio%

11.71

10.49

12.29

10.20

8.55

10.40

12.44

10.97

9.53

10.60

14.99

10.60

10.55

1.103

Shares (diluted)B

1.386

1.408

1.521

1.658

1.874

1.941

2.016

2.152

2.480

2.478

1.107

5.75%

7.01%

15.15

Buyback yield%

24.05

26.19

24.32

24.38

22.02

24.50

22.88

20.06

18.42

19.27

27.47

20.06

23.46

1.355

D/E ratiox

2.255

2.555

2.675

2.468

2.465

2.628

2.610

2.435

2.314

2.476

1.635

2.476

2.472

3.699

Enterprise value$B

3.939

3.837

3.779

3.658

3.238

2.829

2.669

2.794

2.752

2.459

1.810

(5.35%)

(5.01%)

11.69

LT debt$B

4.008

4.083

4.009

4.291

4.168

4.276

4.615

5.026

5.573

5.871

10.75

7.09%

5.79%

Peers (US$27.30B)

Cap (US$)

W. P. Carey Inc.

14.97B

22.58x

Broadstone Net Lease…

3.504B

23.12x

American Assets Trust…

1.670B

61.68x

Goodman Group

39.10B

20.95x

Capital

TTM

10Y

Leveragex

0.534

(0.020)

(0.012)

EBIT/Intx

1.641

0.593

0.621

Own earn%

97.54

117.70

111.82

Sh yield%

30.41

41.45

40.39

Owners

Insiders/Inst%

12.23

60.19

Short interest%

5.87

SBC / revenue%

2.07

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

23–27

$1 testx

−0.1

Incr. ROIC%

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, wellness, entertainment and leisure 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.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$11.29B

7.18%

1.00×

Cost of revenue

$6.912B

7.32%

1.01×

Operating expenses

$2.004B

7.28%

1.01×