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Company Analysis

VICI Properties Inc. VICI

A comprehensive view of key metrics, scores, and financial health for VICI Properties Inc.

Overview of VICI Properties Inc.

VICI NYQ
Real Estate REIT - Diversified Large Cap
VICI Properties Inc. (VICI), is a Large Cap company, in the REIT - Diversified industry, last closed at $28.65, about 50.7% undervalued vs fair value, -10.5% 1Y return, placing in the top 10% of its sector.
Metrics Rev Growth 4.1% ROE 10.2% Gross Margin 99.2% Div Yield 6.17%
$28.65
0.74%
As of April 28, 2026
Previous close • Vol 90d: 17.5%
52-Week Range
Market Cap
$30.62B
Enterprise Value
$47.74B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Excellent
Health
Fair
Efficiency
Fair
Valuation
Good
Growth
Fair
Profitability
Excellent
Health
Fair
Efficiency
Fair
Valuation
Good
Completeness: 82%
Confidence: 90%
Updated: Mar 8
Top Beats

Quick Facts

Website https://www.viciproperties.com
HQ New York, NY
Employees 28
Fiscal year Dec 31

Next Events

Earnings Apr 30 Call: Apr 30

Fair Value Snapshot

Bear Base Bull
$38
$43
$49
Current: $28.65 +51% vs base

Engine Room Money Flow™

Large Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps
Total Revenue
$4.0B
4.1%%
Net Operating Income
$3.6B
2.9%%
Net Income
$2.7B
3.6%%
FFO (Funds From Operations)
$2.7B
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Real Estate Investment Trust

Quality & Reliability Indicators

FFO Payout Ratio
69.1%
Excellent

Dividends / FFO - basic dividend safety

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$1.9B
69.2% of AFFO

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
1
Active Leaks
0/1
Improving
0
High Impact
0
Critical
Moat Analysis REIT Specialized

Competitive Advantage Assessment

Evaluating VICI Properties Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
64
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Rent Pricing Power

Moderate
68
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Equity REITs vs Industry Peers 94% Coverage
Trade-Off Triangle Visualization A ternary plot showing VICI's balance between Growth (30.2%), Profitability (41.3%), and Safety (28.5%). Growth 30% Safety 29% Profitability 41%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

59th percentile vs peers
59
Key Signals
Revenue CAGR 3Y 15.5% 72p FFO Growth YoY 3.6% 68p AFFO/Share 2.21 80p Rev Growth YoY 4.1% 36p FFO/Share 2.60 73p
Strengths
  • AFFO/Share in top 20% of peers (2.21, 80th percentile)
  • FFO Margin in top 20% of peers (69.4%, 95th percentile)
  • AFFO Margin in top 20% of peers (69.4%, 95th percentile)
  • Price/FFO in top 20% of peers (10.81, 80th percentile)
Risks

No significant risks identified for this axis.

Profitability

80th percentile vs peers
81
Key Signals
Strengths
Risks
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Safety

55th percentile vs peers
56
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for VICI Properties Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
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Bear
-
- - -
- upside
-
Base
$43.18
- - -
+50.7% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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