VICI

VICI Properties Inc.

Fundamental data last updated:August 14, 2026

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company profile

SECTOR

Real Estate

industry

REIT - Specialty

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.

 


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VALUATION

P/E

9.67

Market Cap ($M USD)

$30.26B

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

7.48

PRICE TO BOOK

1.07

EV / EBITDA

11.88

5-Year Average P/E

Free Cash Flow Yield

8.43%

DCF Value

$143.32

Graham Number

$41.53

Price to FCF

11.87

EV to FCF

18.62

Earnings Yield

10.34%

FCF Yield

8.43%

DIVIDEND

Yield

6.34%

Annual Payout

$1.78

Payout Ratio

60.43%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$2.91

Next Year EPS Growth Estimate

$0.00

Next Year Revenue Growth Estimate

$4.67B

Return on Equity (ROE)

11.22%

FREE CASH FLOW

Operating Margin

98.67%

Debt-to-Equity

0.64

Piotroski F-Score

6

Altman Z-Score

2.00

Return on Invested Capital (ROIC)

8.60%

Current Ratio

33.27

Quick Ratio

33.27

Net Debt to EBITDA

4.31

Interest Coverage

4.81

Gross Profit margin

99.22%

FCF PER SHARE

$2.39

REVENUE PER SHARE

$3.79

Analyze VICI on TradingView

Gainseekers Quantitative Analysis

Summary

VICI Properties Inc. presents a compelling valuation story. With a DCF value significantly higher than its snapshot price, the market appears to be undervaluing this REIT. The Graham Number further supports this undervaluation narrative. Despite a lack of forward P/E data, the current earnings yield of 10.08% suggests robust profitability. However, the Altman Z-score of 2.01 indicates moderate financial distress, hinting at potential risks in the company’s capital structure.

AI Exposure / Tech Reliance

Operating in the diversified REIT sector, VICI Properties is somewhat insulated from rapid tech disruptions. Its core business model focuses on real estate, which is less susceptible to AI-driven changes. However, the company must remain vigilant in adopting tech solutions for operational efficiency.

The Bull Case

For value and GARP investors, VICI Properties offers an attractive proposition. The company boasts a solid ROIC of 8.60%, indicating efficient capital use. A Piotroski F-Score of 6 suggests decent financial health, while a high operating margin of 98.67% underscores its pricing power. The FCF yield, although modest, reflects a stable cash flow generation, making it a potentially rewarding investment.

The Bear Case

Despite its strengths, VICI Properties is not without risks. The Price/Sales ratio of 7.67 and EV to EBITDA of 12.08 suggest a premium valuation, potentially limiting upside. The net debt to EBITDA ratio of 4.31 raises concerns about leverage, especially with an interest coverage ratio of just 4.81. Additionally, trading close to its 52-week high could indicate technical overextension, posing a risk of a pullback.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$32.17

Institutional Ownership %

1-Year Beta

0.70

Insider Buying % (6 Mo)

Distance to 52-Week High

21.01%

Distance to 52-Week Low

5.53%

EARNINGS SURPRISE %

15.98%

50-DAY SMA

$28.14

200-DAY SMA

$29.66

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.