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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 Framework: Real Estate Investment Trusts Large Cap
VICI Properties Inc. (VICI), is a Large Cap company, in the REIT - Diversified industry, last closed at $25.00, about 67.7% overvalued vs fair value, -16.1% 1Y return, placing in the top 10% of its sector.
Metrics P/E 10.8× Rev Growth 4.1% ROE 10.2% Gross Margin 99.3% Div Yield 6.17%
USD 25.00
2.21%
(Delayed)
• Vol 90d: 21.8%
52-Week Range
Market Cap
$27.53B
Enterprise Value
$44.60B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Good
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Good
Completeness: 100%
Confidence: 97%
Updated: Oct 31
Top Beats
No strong beats yet

Quick Facts

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

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$7
$8
$9
Current: $25.00 -68% 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
$3.7B
3.1%%
Net Income
$2.8B
3.6%%
FFO (Funds From Operations)
$2.5B
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

NOI Margin
91.2%
Excellent

Operating Income / Revenue - property efficiency

Locked Metric
-
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Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
1
Active Leaks
1/1
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
Full moat analysis

Key strengths

  • Conservative Leverage Leverage is conservative (score 0.90), providing refinancing flexibility.
  • Strong AFFO Generation AFFO generation is strong (score 0.86), supporting dividend sustainability.

Key risks

  • Portfolio Quality Concerns Portfolio quality is concerning (occupancy stability 0.33).
  • Dilutive or Undisciplined Growth Growth discipline is questionable (score 0.19), raising dilution concerns.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Rent Pricing Power

Moderate
68
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Signals, strengths and risks for Rent Pricing Power

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Signals, strengths and risks for AFFO Strength

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Signals, strengths and risks for Balance Sheet & Cost of Capital

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Signals, strengths and risks for Capital Recycling & Growth

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Signals, strengths and risks for Operational Efficiency

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Signals, strengths and risks for Portfolio Quality & Diversification

Trade-Off Ledger™

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

Equity REITs vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing VICI's balance between Growth (27.8%), Profitability (36.9%), and Safety (35.3%). Growth 28% Safety 35% Profitability 37%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

60th percentile vs peers
60
Key Signals
Revenue CAGR 3Y 15.5% 90p Rev Growth YoY 4.1% 54p AFFO/Share 2.60 67p FFO/Share 2.60 60p FFO Growth YoY 3.6% 46p
Strengths
  • Revenue CAGR 3Y in top 20% of peers (15.5%, 90th percentile)
  • Growth above peer median with strong metric coverage (100%)
  • AFFO Margin in top 20% of peers (69.3%, 97th percentile)
Risks

No significant risks identified for this axis.

Profitability

80th percentile vs peers
80
Key Signals
Strengths
Risks
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Safety

76th percentile vs peers
77
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

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

Loading valuation model...
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:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$8.08
- - -
-67.7% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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