Vici Properties Inc. (VICI)
Real Estate · Hotel & Resort REITs · US stock · S&P 500 component
$23.60
▲ +0.14 (0.60%)
Day's range
$23.42 – $23.79
52-week range
$22.43 – $29.61
About Vici Properties Inc.
Vici Properties is a real estate investment trust that owns a portfolio of large gaming, hospitality and entertainment properties, including well-known casino resorts in Las Vegas. It leases these properties to operators under long-term triple-net agreements, in which the tenant pays property taxes, insurance and maintenance. Rent is therefore its main source of revenue, and many leases include scheduled increases tied to fixed amounts or inflation measures.
Vici Properties Inc. generated $4.1 billion of revenue in the last twelve months, with sales that grew 15.5% a year over the past three years. Net debt to EBITDA is 4.6 times. The operating margin is 89.1% and the return on invested capital is 7%. A dividend is paid, with a yield of 7.7%. Its X-Ray Score is 68 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $22.43 – $29.61Volume 13,004,500Daily, split-adjusted
Vitals
Market cap$25.7B
52-week range$22.43 – $29.61
Volume (last day)13,004,500
P/E (TTM)9.2
EBIT / EV yield8.5%
Free-cash-flow yield–
Dividend yield7.7%
Revenue (TTM)$4.1B
Net income (TTM)$2.8B
Operating margin89.1%
Return on capital7.2%
Debt incl. leases$17.0B
Cash & securities$288M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
Not rated
REIT valuation (FFO multiples + DDM) not built yet: not rated
What this means
Read the lenses below
A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Real Estate peers. Open a lens to see the numbers behind it.
Valuation
Strong
98/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield8.5%
Growth
Fair
68/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)15.5%
EPS growth (3y)27.1%
Growth consistency100%
Profitability
Weak
38/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital7.2%
Operating margin89.1%
Gross profitability8.4%
Financial health
Fair
66/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA4.6×
Interest cover4.3×
Dividends
Strong
81/100
Dividend is high and well covered by cash flow.
See the numbers →
Dividend yield7.7%
Dividend growth15.0%
Quarterly results: last 6 quarters
+3.4%
Mar '25
+4.6%
Jun '25
+4.4%
Sep '25
+3.8%
Dec '25
+3.5%
Mar '26
+5.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.1B, diluted EPS $0.48.
Compare with peers
HST Host Hotels & Resorts,...70Other Hotel & Resort REITs companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 2 Average · ● 2 BadCash quality
Earnings backed by cashBad
Risk models
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Net debt / EBITDAAverage
Interest coverGood
Valuation
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginGood
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 62/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $1.5B | $2.6B | $3.6B | $3.8B | $4.0B |
| Operating income | $1.4B | $1.7B | $3.4B | $3.6B | $3.7B |
| Net income | $1.0B | $1.1B | $2.5B | $2.7B | $2.8B |
| Operating cash flow | $896M | $1.9B | $2.2B | $2.4B | $2.5B |
| Operating margin | 94.0% | 64.6% | 93.2% | 92.4% | 91.5% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $1.76 | $1.27 | $2.47 | $2.56 | $2.61 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 2 neutral · 9 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 22.95 | Bullish |
| EMA 10 | 23.14 | Bullish |
| SMA 20 | 23.14 | Bullish |
| EMA 20 | 23.31 | Bullish |
| SMA 50 | 24.38 | Bearish |
| EMA 50 | 24.14 | Bearish |
| SMA 100 | 25.37 | Bearish |
| EMA 100 | 25.04 | Bearish |
| SMA 200 | 26.32 | Bearish |
| EMA 200 | 26.02 | Bearish |
Oscillators (daily)
| RSI (14) | 51.82 | Neutral |
| MACD (12, 26) | -0.33 | Bearish |
| Momentum (12) | 2.74 | Bullish |
| Stochastic %K (14) | 86.08 | Bearish |
| Williams %R (14) | -13.92 | Bearish |
| CCI (20) | 80.74 | Neutral |
Pivot points (classic, last session)
S3 23.05 | S2 23.23 | S1 23.42 | Pivot 23.60 | R1 23.79 | R2 23.97 | R3 24.16 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.81 USD
Yield on today's price
7.67%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 17 Sep 2026 | 0.4600 |
| 18 Jun 2026 | 0.4500 |
| 19 Mar 2026 | 0.4500 |
| 17 Dec 2025 | 0.4500 |
| 18 Sep 2025 | 0.4500 |
| 18 Jun 2025 | 0.4330 |
| 20 Mar 2025 | 0.4330 |
| 17 Dec 2024 | 0.4330 |
| 18 Sep 2024 | 0.4330 |
| 18 Jun 2024 | 0.4150 |
| 20 Mar 2024 | 0.4150 |
| 20 Dec 2023 | 0.4150 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
VICI SEC filings
8 Sep 2026
8-KSEC EDGAR
Director or officer change
14 Aug 2026
8-KSEC EDGAR
Entered a material agreement
6 Aug 2026
8-KSEC EDGAR
Entered a material agreement; Other events
29 Jul 2026
10-QSEC EDGAR
Quarterly report
29 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
29 Apr 2026
10-QSEC EDGAR
Quarterly report
29 Apr 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
28 Apr 2026
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.