The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

VICI

Concerning the House

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

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%
Quotation

$26.34

+0.27 (+1.0%)

52w hi$31.73
52w lo$25.93
Vol12.70M
As ofAug 13
The Verdict

Hold

Our score -0.27

Short-0.05
Medium-0.40
Long-0.42

computed 2026-08-13

By the Numbers

VICI Properties Inc.

Real Estate · REIT - Diversified

Market cap$29.00B
Enterprise value$46.68B
Trailing P/E10.21x
Forward P/E8.81x
EV / EBITDA12.83x
P / S (ttm)7.08x
Profit margin67.5%
Return on equity9.8%
Revenue growth+5.7%
Earnings growth-41.4%
Debt / equity60.28
Risk Metrics
Beta vs SPX0.26
Corr SPX0.23
Annual vol18.6%
Annual ret-6.8%
Sharpe-0.37
Max DD-23.9%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.12
Sector+0.04
Technical-0.19
Earnings+0.00
Sentiment+0.31

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$26.16$26.46$26.16$26.3412.70M
Aug 12$25.95$26.15$25.88$26.078.67M
Aug 11$26.09$26.35$25.90$25.988.03M
Aug 10$26.60$26.60$26.00$26.0710.50M
Aug 7$26.60$26.75$26.45$26.747.17M