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
Vol9.00M
As of25 Sep 2026

The Verdict

Hold

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/E9.11x
Forward P/E7.86x
EV / EBITDA12.05x
P / S (ttm)6.32x
Profit margin67.5%
Return on equity9.8%
Revenue growth+5.7%
Earnings growth-41.4%
Debt / equity60.28

Layer Breakdown

LayerRawContribution
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.

United States · www.viciproperties.com

Risk Metrics

Beta vs SPX0.26
Corr SPX0.23
Annual vol18.8%
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
Analysts23
Strong Buy5
Buy12
Hold7
Sell0
Strong Sell0

Recent rating actions

2026-04-21Barclays→ Overweight
2026-03-11Mizuho→ Neutral
2026-03-02Baird→ Outperform
2026-02-02Scotiabank→ Sector Perform
2025-12-17Mizuho→ Outperform
2025-12-03Barclays→ Overweight

Material Events

DateEvent8-K
2026-08-14Material Agreement, Material Obligation…read
2026-08-06Material Agreement, Other Material Event…read
2026-07-29Earnings Release, Reg FD Disclosure…read
2026-04-29Earnings Release, Reg FD Disclosure…read
2026-04-28Shareholder Voteread
2026-02-25Earnings Release, Reg FD Disclosure…read
2025-10-30Earnings Release, Reg FD Disclosure…read
2025-07-30Earnings Release, Reg FD Disclosure…read
2025-04-30Earnings Release, Reg FD Disclosure…read
2025-04-29Shareholder Voteread
2025-04-07Material Agreement, Material Obligation…read
2025-03-27Material Agreement, Other Material Event…read

Insider Trades

DateInsiderRoleActionSharesValue
2026-07-01Rumbolz Michael DGrant327—
2026-07-01MACNAB CRAIGGrant500—
2026-07-01Holland Elizabeth IGrant252—
2026-07-01Douglas Monica HowardGrant154—
2026-07-01Cantor Diana FGrant490—
2026-07-01ABRAHAMSON JAMES RGrant933—
2026-06-01Pitoniak Edward BaltazarChief Executive OfficerGift20.00K—
2026-04-28Rumbolz Michael DGrant7.55K—
2026-04-28MACNAB CRAIGGrant7.55K—
2026-04-28Holland Elizabeth IGrant7.55K—

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders0
Top-5 share0.0%
HHI0 (—)

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

DateFormDoc
2026-08-148-Kview
2026-08-068-Kview
2026-07-298-Kview
2026-07-2910-Qview
2026-07-014view
2026-07-014view
2026-07-014view
2026-07-014view
2026-07-014view
2026-07-014view
2026-06-024view
2026-04-2910-Qview
2026-04-298-Kview
2026-04-284view
2026-04-284view

The Long Run

FY 2017–2025 · 9 years

LineLatestCAGRTrend
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

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$23.26$23.52$23.20$23.519.00M
Sep 24$23.50$23.62$23.18$23.2712.14M
Sep 23$23.85$24.01$23.70$23.7012.31M
Sep 22$24.13$24.15$23.93$23.988.61M
Sep 21$23.79$24.09$23.78$24.059.14M

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