Inside the research
VICI Properties Inc.
VICI Research profile · latest available data
Price overview
$23.51
▲ +0.24 (+1.0%)
| 52w hi | $30.75 |
|---|---|
| 52w lo | $23.27 |
| Vol | 9.00M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.48
| Short | -0.37 |
|---|---|
| Medium | -0.59 |
| Long | -0.49 |
computed 2026-09-27
Key fundamentals
VICI Properties Inc.
Real Estate · REIT - Diversified
| Market cap | $25.89B |
|---|---|
| Enterprise value | $43.86B |
| Trailing P/E | 9.11x |
| Forward P/E | 7.86x |
| EV / EBITDA | 12.05x |
| P / S (ttm) | 6.32x |
| Profit margin | 67.5% |
| Return on equity | 9.8% |
| Revenue growth | +5.7% |
| Earnings growth | -41.4% |
| Debt / equity | 60.28 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.12 | |
| Sector | -0.04 | |
| Technical | -0.36 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business 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.
Risk Metrics
| Beta vs SPX | 0.26 |
|---|---|
| Corr SPX | 0.23 |
| Annual vol | 18.8% |
| Annual ret | -15.3% |
| Sharpe | -0.82 |
| Max DD | -31.4% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $34.17 |
|---|---|
| High / Low | $39.00 / $29.00 |
| Median | $34.00 |
| Analysts | 23 |
| Strong Buy | 5 | |
|---|---|---|
| Buy | 12 | |
| Hold | 7 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-21 | Barclays | → Overweight |
| 2026-03-11 | Mizuho | → Neutral |
| 2026-03-02 | Baird | → Outperform |
| 2026-02-02 | Scotiabank | → Sector Perform |
| 2025-12-17 | Mizuho | → Outperform |
| 2025-12-03 | Barclays | → Overweight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-14 | Material Agreement, Material Obligation… | read |
| 2026-08-06 | Material Agreement, Other Material Event… | read |
| 2026-07-29 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-29 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-28 | Shareholder Vote | read |
| 2026-02-25 | Earnings Release, Reg FD Disclosure… | read |
| 2025-10-30 | Earnings Release, Reg FD Disclosure… | read |
| 2025-07-30 | Earnings Release, Reg FD Disclosure… | read |
| 2025-04-30 | Earnings Release, Reg FD Disclosure… | read |
| 2025-04-29 | Shareholder Vote | read |
| 2025-04-07 | Material Agreement, Material Obligation… | read |
| 2025-03-27 | Material Agreement, Other Material Event… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-01 | Rumbolz Michael D | Grant | 327 | — | |
| 2026-07-01 | MACNAB CRAIG | Grant | 500 | — | |
| 2026-07-01 | Holland Elizabeth I | Grant | 252 | — | |
| 2026-07-01 | Douglas Monica Howard | Grant | 154 | — | |
| 2026-07-01 | Cantor Diana F | Grant | 490 | — | |
| 2026-07-01 | ABRAHAMSON JAMES R | Grant | 933 | — | |
| 2026-06-01 | Pitoniak Edward Baltazar | Chief Executive Officer | Gift | 20.00K | — |
| 2026-04-28 | Rumbolz Michael D | Grant | 7.55K | — | |
| 2026-04-28 | MACNAB CRAIG | Grant | 7.55K | — | |
| 2026-04-28 | Holland Elizabeth I | Grant | 7.55K | — |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 0 |
| Top-5 share | 0.0% |
| HHI | 0 (—) |
Dividends
| Yield (TTM) | 3.83% |
|---|---|
| $ / share (TTM) | $0.90 |
| 5y CAGR | +7.1% |
Annual dividend per share
| 2021 | $1.38 |
|---|---|
| 2022 | $1.50 |
| 2023 | $1.61 |
| 2024 | $1.70 |
| 2025 | $1.77 |
| 2026 | $0.45 |
SEC Filings
The Long Run
FY 2017–2025 · 9 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $3.61B | +44.7% | |
| Operating income | $321.02M | +30.6% | |
| Net income | $2.78B | +67.6% | |
| Cash from ops | $2.18B | +42.3% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $23.26 | $23.52 | $23.20 | $23.51 | 9.00M |
| Sep 24 | $23.50 | $23.62 | $23.18 | $23.27 | 12.14M |
| Sep 23 | $23.85 | $24.01 | $23.70 | $23.70 | 12.31M |
| Sep 22 | $24.13 | $24.15 | $23.93 | $23.98 | 8.61M |
| Sep 21 | $23.79 | $24.09 | $23.78 | $24.05 | 9.14M |
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