VICI Properties/$VICI
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Capital at risk
About VICI Properties
VICI Properties Inc is a real estate investment trust based in the United States. It engaged in the business of owning and acquiring gaming, hospitality, wellness, entertainment and leisure destinations, subject to long-term triple net leases. It own nearly 93 experiential assets across a geographically portfolio consisting of nearly 54 gaming properties and nearly 39 other experiential properties across the United States and Canada, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas.
- Ticker
- $VICI
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 28
- Headquarters
- New York, United States
- Website
- www.viciproperties.com
VICI Properties Metrics
BasicAdvanced
$26B
9.21
$2.58
0.68
$1.80
7.59%
Price and volume
Market cap
$26B
Beta
0.68
52-week high
$33.01
52-week low
$23.72
Average daily volume
9.6M
Dividend rate
$1.80
Financial strength
Current ratio
11.236
Quick ratio
11.235
Long term debt to equity
0.492
Total debt to equity
0.603
Dividend payout ratio (TTM)
68.69%
Interest coverage (TTM)
4.33%
Profitability
EBITDA (TTM)
3,639.224
Gross margin (TTM)
99.27%
Net profit margin (TTM)
67.50%
Operating margin (TTM)
88.72%
Effective tax rate (TTM)
0.10%
Revenue per employee (TTM)
$146,340,000
Management effectiveness
Return on assets (TTM)
4.82%
Return on equity (TTM)
9.85%
Valuation
Price to earnings (TTM)
9.208
Price to revenue (TTM)
6.215
Price to book
0.9
Price to tangible book (TTM)
0.9
Price to free cash flow (TTM)
9.653
Free cash flow yield (TTM)
10.36%
Free cash flow per share (TTM)
2.457
Dividend yield (TTM)
7.59%
Forward dividend yield
7.59%
Growth
Revenue change (TTM)
4.36%
Earnings per share change (TTM)
-1.30%
3-year revenue growth (CAGR)
7.02%
3-year earnings per share growth (CAGR)
5.85%
3-year dividend per share growth (CAGR)
4.89%
What the Analysts think about VICI Properties
Analyst ratings (Buy, Hold, Sell) for VICI Properties stock.
Analyst projections of the future price of VICI Properties stock.
Bulls say / Bears say
Underlying cash generation is still growing. Second-quarter AFFO per share rose 4.6% year on year, and VICI raised its 2026 AFFO-per-share guidance to $2.45–$2.47, implying about 3.4% growth at the midpoint. (Morningstar)
VICI is broadening its tenant base beyond its historic Caesars and MGM dependence. The Golden Entertainment deal adds seven Nevada casinos under a 30-year lease with 2% annual escalators from year three, while new partnerships with Clairvest and Club Med take the tenant count to 16. (Morningstar, VICI Properties)
The balance sheet gives VICI room to keep investing. At the end of June, net debt was about 4.9 times annualised adjusted EBITDA and liquidity was roughly $2.5 billion; its August bond offering also refinanced the main 2026 maturities, reducing near-term repayment pressure. (Morningstar, VICI Properties)
VICI remains heavily dependent on Caesars and MGM, which together account for about 70% of rent. Fitch highlights weakening rent coverage in Caesars’ regional portfolio and says its pending ownership change creates uncertainty over future lease negotiations. (Fitch Ratings)
Refinancing has become more expensive: VICI issued 2031 and 2036 notes at 5.40% and 5.75% to repay debt carrying coupons of 4.50% and 4.25%. The higher interest bill could slow AFFO and dividend growth even though the near-term maturities are covered. (VICI Properties)
VICI’s latest quarter showed weaker GAAP earnings despite higher rent revenue: second-quarter net income fell 39.1%, while first-half operating expenses rose 76.5%. That gap suggests headline AFFO growth does not remove all cost and credit-loss volatility. (Global Gaming Insider)
Data summarised monthly by Lightyear AI. Last updated on 18 Sept 2026.
VICI Properties Financial Performance
Revenues and expenses
VICI Properties Earnings Performance
Company profitability
Upcoming events
VICI Properties News
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Funds containing VICI Properties
AllEURGBPUSD
Fund name | Fund size | $VICI weighting |
|---|---|---|
VanEck Global Real Estate€TRET | €255M | 1.93% |
VanEck Global Real Estate£TREG | £222M | 1.93% |
iShares Developed Markets Property Yield$IDWP | $1.2B | 1.55% |
iShares Developed Markets Property Yield£IWDP | £859M | 1.55% |
iShares MSCI USA Quality Dividend ESG£HDIQ | £578M | 0.40% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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