VICI Properties Inc.
VICI Large CapReal Estate · REIT - Diversified
Updated: Jun 14, 2026, 22:19 UTC
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Key Metrics
Valuation Analysis
About the Company
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 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and ho
VICI Properties Inc. Stock at a Glance
VICI Properties Inc. (VICI) is currently trading at $28.52 with a market capitalization of $30.7B. The trailing P/E ratio stands at 9.77x, with a forward P/E of 9.72x. The 52-week range spans from $26.55 to $34.01; the current price is 16.1% below the yearly high. Year-over-year revenue growth stands at +3.5%. The net profit margin stands at 76.83%.
💰 Dividend
VICI Properties Inc. pays an annual dividend of $1.80 per share, representing a yield of 6.31%. The payout ratio stands at 61.04%.
📊 Analyst Rating
23 analysts rate VICI Properties Inc. (VICI) on consensus: Buy. The average price target is $34.17, implying +19.82% from the current price. Analyst price targets range from $29.00 to $39.00.
VICI Properties Inc.: The Investment Case in Detail
VICI Properties Inc. (VICI) operates in the Real Estate — specifically REIT - Diversified — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
Earnings growth of 60.1% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base. With a gross margin near 99.14%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Free cash flow is positive and net margins stand at 76.83%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions.
The Bear Case
Revenue growth has slowed to just 3.5%, which is below nominal GDP — the business is no longer outgrowing the broader economy.
What to Watch Next
- The dividend yield near 6.31% combined with a payout ratio of 61.04% leaves room for further hikes — a track record of consecutive raises is a strong income signal.
Investment Thesis: Strengths & Weaknesses
- Profitable with 76.83% net margin
- High gross margin of 99.14% — indicates pricing power
- Analyst consensus: Buy
- Currently flagged as undervalued
- Solid dividend yield of 6.31%
- Positive free cash flow
No significant red flags in current metrics.
Technical Snapshot
The price is in a transition zone relative to the moving averages — no clear signal.
Risk Profile
The data points to relatively defensive market behavior.
Trading Data
💵 Dividend Info
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