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VICI Properties Inc. VICI SPXR3K

Real Estate · REIT - Diversified · United States
https://www.viciproperties.com
Company Profile ↓
$24.02
-22.50% 1Y
Mkt Cap$26.45B
P/E9.31
P/B0.90
Div. Yield7.63%
52W High$31.73
52W Low$22.53
Book Value$26.49
EPS (TTM)$2.58

Company Overview

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. VICI Properties owns 103 experiential assets across a geographically diverse portfolio consisting of 63 gaming properties and 40 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 130 million square feet and features approximately 66,000 hotel rooms and over 700 restaurants, bars, nightclubs and sports books. 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 Cabot, Cain, Canyon Ranch, Chelsea Piers, Club Med, Great Wolf Resorts, Homefield, Kalahari Resorts and Lucky Strike Entertainment. VICI Properties also owns four championship golf courses and approximately 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. VICI Properties Inc. was established on July 05, 2016, and is based in New York, United States. VICI Properties Inc. was incorporated in Maryland.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 80.5% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 54.9% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 9.3, below the sector median of 22.6.

Healthy Margins

Maintains a net profit margin of 67.5%.

Dividend Income

Offers a dividend yield of 7.63%.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $4.01B (+4.1% YoY); net profit $2.78B.
  • Trailing 12 Months Year-on-year growth — revenue +5.7%, earnings -41.4%.
  • 5-Year Trend Long-term compounding — revenue CAGR 54.9%, profit CAGR 80.5%.

Growth & Price Performance

Compounded Sales Growth

5 Years:54.85%
1 Year:5.70%

Compounded Profit Growth

5 Years:80.46%
1 Year:-41.40%

Stock Price Performance

1 Year:-22.50%
6 Months:-12.70%
3 Months:-8.42%
1 Month:+1.35%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 16% of range
$22.53 $31.73
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)57.74 · Neutral
Price Performance
1M+1.35%
3M-8.42%
6M-12.70%
1Y-22.50%
Valuation vs Sector

P/E of 9.31 is below the sector median of 22.59 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 67.5%.
  • Compounding revenue at 54.9% over 5 years.
  • Profit CAGR of 80.5% over 5 years.
  • Attractive dividend yield of 7.63%.
  • Generates positive free cash flow.

CONS

  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
9.31
Industry PE
22.59
Forward P/E
8.03
PEG Ratio
-
Book Value
$26.49
Price to Book
0.90
P/S
6.37
EV/EBITDA
12.12
Dividend Yield
7.63%

Growth (CAGR)

Revenue 5Y
54.85%
Profit 5Y
80.46%
Revenue (YoY)
5.70%
Earnings (YoY)
-41.40%

Profitability & Returns

ROCE
7.95%
ROE
9.85%
ROA
4.82%
Profit Margin
67.50%
Op Margin
70.18%
Gross Margin
99.27%
EPS (Latest Qtr)
$0.48
EPS (TTM)
$2.58

Balance Sheet & Liquidity

Debt/Equity
0.60
Quick Ratio
11.23
Current Ratio
11.24
Debt
$17.84B
Total Assets
$48.27B
Current Assets
$21.95B
Working Capital
$18.62B

Ownership

Promoter Holding
0.28%
Chg in Prom Hold
0.00%
FII / Inst Holding
98.26%
Chg in FII Hold
-0.14%

Financial Snapshot

Enterprise Value
$26.45B
Total Revenue (TTM)
$4.10B
EBITDA
$3.64B
Free Cash Flow
$267.03M
Operating Cash Flow
$2.64B
Shares Outstanding
1.10B
Gross Margin
99.27%
Payout Ratio
69.77%

Peer comparison

Peer companies in the same sector (Real Estate).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 VICI VICI Properties Inc. SPXR3K 24.02 9.31 $26.45B 7.63% 7.95% 9.85% 54.85% 80.46%
2 WELL Welltower Inc. SPXR3K 237.40 106.46 $171.06B 1.46% 0.54% 3.84% 22.26% 11.10%
3 PLD Prologis, Inc. SPXR3K 126.66 28.21 $120.37B 3.17% - 7.75% 16.83% 39.42%
4 EQIX Equinix, Inc. SPXR3K 952.62 61.30 $94.00B 2.04% 5.42% 10.73% 17.43% 17.11%
5 AMT American Tower Corporation SPXR3K 181.57 24.98 $84.60B 4.29% 8.76% 33.91% 12.41% 25.08%
6 SPG Simon Property Group, Inc. SPXR3K 212.04 14.96 $68.61B 4.35% - 120.51% 3.14% 14.02%
7 DLR Digital Realty Trust, Inc. SPXR3K 170.94 83.39 $63.42B 2.65% - 2.91% 15.18% 18.41%
8 PSA Public Storage SPXR3K 309.13 29.53 $57.76B 3.99% - 21.93% 5.67% 7.85%
9 O Realty Income Corporation SPXR3K 57.06 41.65 $53.99B 5.68% - 3.23% 24.73% 13.04%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue ---232.69M---------------------984.20M1.00B1.01B1.01B1.02B1.06B
Cost of Revenue -------------------------6.35M6.62M6.76M6.99M6.47M7.39M
Gross Profit -------------------------977.85M994.72M1.00B1.01B1.01B1.05B
Operating Expenses -------------------------222.33M-107.16M16.68M192.25M-82.93M306.40M
Operating Income 144.20M188.72M189.45M184.10M195.68M201.87M205.50M208.38M226.76M88.02M308.64M139.68M-------------755.53M1.10B984.05M813.85M1.09B744.71M
EBITDA -------------------------760.06M1.10B988.77M820.93M1.10B745.77M
Interest Expense -------------------------209.25M213.80M210.33M210.23M209.36M209.93M
Pretax Income -------------------------549.81M883.93M777.50M609.73M889.93M534.85M
Tax Provision --------------------------2.46M5.56M3.88M-4.56M3.97M-461.00K
Net Income 42.66M112.12M139.04M129.91M142.54M150.85M152.05M144.44M98.63M-24.01M229.40M398.27M269.80M300.71M161.86M240.38M-57.71M330.90M518.74M690.70M556.33M590.02M741.30M732.90M-543.61M865.08M762.04M604.77M872.39M526.52M
Diluted EPS 0.190.330.380.35-0.370.370.31--0.050.470.740.500.540.280.35-0.060.340.520.690.550.570.710.70-0.510.820.710.570.820.48

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 187.61M897.98M894.80M1.23B-2.60B3.61B3.85B4.01B
Cost of Revenue -----22.60M27.09M26.89M26.73M
Gross Profit -----2.58B3.58B3.82B3.98B
Operating Expenses -----945.64M240.05M277.38M324.08M
Operating Income 144.20M140.02M52.30M321.02M-1.63B3.34B3.54B3.66B
EBITDA -----1.68B3.37B3.56B3.67B
Interest Expense -----539.95M818.06M826.10M843.61M
Pretax Income -----1.14B2.55B2.73B2.82B
Tax Provision -----2.88M-6.14M9.70M2.44M
Net Income 44.54M523.62M545.96M891.67M-1.12B2.51B2.68B2.78B
Diluted EPS -1.431.241.75-1.272.472.562.61

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2016Oct 2017Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets 4.86B-9.74B11.33B13.27B17.06B-37.58B44.06B45.37B46.72B
Current Assets -------17.19B18.76B18.98B19.34B
Cash & Equivalents --183.65M577.88M1.10B315.99M-208.93M522.57M524.62M563.48M
Inventory -----------
Receivables --------6.24M5.07M2.36M
Total Liabilities --4.96B4.43B5.22B7.57B-15.29B18.40B18.42B18.50B
Current Liabilities -------593.57M664.84M679.91M724.97M
Long Term Debt --4.12B4.12B4.79B6.77B-13.74B16.72B16.73B16.77B
Total Debt -------14.57B17.63B17.65B17.69B
Total Equity -3.52B4.69B6.82B7.97B9.42B-21.93B25.26B26.54B27.80B
Shares Outstanding -------963.10M1.04B1.06B1.07B

Cash Flows (Annual)

Figures in USD.

Metric Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 504.08M682.16M883.64M-1.94B2.18B2.38B2.51B
Investing Cash Flow -1.14B-1.36B-4.55B--9.30B-2.90B-922.78M-904.77M
Financing Cash Flow 1.04B1.18B2.88B-6.83B1.03B-1.46B-1.57B
Capital Expenditure -899.00K-2.72M---1.88M-4.04M-7.53M-1.33M
Free Cash Flow 503.18M679.43M--1.94B2.18B2.37B2.51B
Net Change in Cash -----530.68M313.70M1.60M38.70M
Dividends Paid 262.68M503.96M612.21M758.79M1.22B1.58B1.75B1.85B

Ratios (Annual)

Figures in %.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -----99.1%99.3%99.3%99.3%
Operating Margin % 76.9%15.6%5.8%26.2%-62.8%92.6%92.1%91.2%
Net Margin % 23.7%58.3%61.0%72.8%-43.0%69.6%69.6%69.3%
ROE % 0.9%7.7%6.9%9.5%-5.1%10.0%10.1%10.0%
ROCE % -----4.4%7.7%7.9%7.9%

Shareholding Pattern

Insiders
0.28%
Institutions
98.26%
Public Float
98.54%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 11.75% 129.33M $2.96B
2 Vanguard Portfolio Management LLC 7.84% 86.34M $1.98B
3 State Street Corporation 6.10% 67.16M $1.54B
4 Vanguard Capital Management LLC 5.93% 65.33M $1.49B
5 Geode Capital Management, LLC 3.65% 40.21M $920.03M
6 Allianz Asset Management GmbH 2.86% 31.53M $721.34M
7 Bank of America Corporation 2.66% 29.33M $671.07M
8 Price (T.Rowe) Associates Inc 2.18% 24.04M $550.08M
9 JPMORGAN CHASE & CO 1.92% 21.12M $483.21M
10 Invesco Ltd. 1.58% 17.38M $397.58M

Analyst View

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Latest News

Recent headlines for VICI

Google News Sat, 17 Oct 2026

Investors Love VICI Properties’ Juicy 8% Dividend, but Is the Stock a Buy? - Yahoo Finance

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Google News Wed, 30 Sep 2026

Why VICI’s 1.3x Dividend Coverage Ratio Looks Safer Than Its Falling Stock Price Suggests - 24/7 Wall St.

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Google News ue, 20 Oct 2026

MGM and VICI Properties: Finding Deep Value in Beaten-Down Stocks - The Acquirer's Multiple

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Google News ue, 20 Oct 2026

This Stock Pays Me Nearly 8% a Year, and I Can't Stop Buying It - The Motley Fool

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Google News Fri, 16 Oct 2026

VICI Properties: Why I'm Buying The Tumble (NYSE:VICI) - Seeking Alpha

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Google News ue, 20 Oct 2026

VICI Properties Inc. stock rises Tuesday, outperforms market - MarketWatch

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VICI — Frequently Asked Questions

What is the current share price of VICI Properties Inc. (VICI)?

As of 2026-10-22 16:30 PDT, VICI Properties Inc. (VICI) trades at $24.02 on NYSE. Its 52-week range is $22.53 to $31.73.

What is the market capitalisation of VICI?

VICI Properties Inc. (VICI) has a market capitalisation of $26.45B on NYSE.

What is the P/E ratio of VICI?

VICI trades at a trailing price-to-earnings (P/E) ratio of 9.31. The industry average P/E is 22.59. Its price-to-book (P/B) ratio is 0.90.

Does VICI pay a dividend?

VICI Properties Inc. (VICI) currently offers a dividend yield of 7.63%.

What is the return on equity (ROE) of VICI?

VICI has a return on equity (ROE) of 9.85%. Its return on capital employed (ROCE) is 7.95%.

Is VICI a good stock to buy?

This page provides a data-driven analysis of VICI Properties Inc. (VICI), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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