VICI Properties Inc.

VICI Properties Inc.

24.79
USD
-0.42
(-1.67%)
2.20EPS
10.59P/E
25.29BMarket Cap
Feb 25Next Earn
VICI Properties Inc.
NYSE:VICI
(New York Stock Exchange)

Recent

price

24.79

P/E

ratio

10.59

div

yld

7.23%

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
0.05
0.05
0.05
0.61
2.45
2.06
2.42
2.67
2.96
3.56
3.68
3.77
3.84
Revenue per Share
- -
- -
- -
0.13
1.43
1.25
1.76
1.8
1.27
2.48
2.56
2.61
2.17
Basic EPS, GAAP
0.01
0.01
0.01
0.4
1.37
1.56
1.74
1.58
2.21
2.15
2.27
2.36
2.5
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.72
1.16
1.21
1.34
1.39
1.56
1.67
1.75
1.79
Dividend per Share
- -
0.35
0.34
15.62
16.84
17.28
17.54
19.25
22.77
24.22
25.12
26.01
26.35
Book Value per Share
- -
0.35
0.34
15.62
16.84
17.28
17.54
19.25
22.77
24.22
25.12
26.01
26.35
Tangible Book Value per Share
361
361
361
328
367
435
506
564
878
1,015
1,047
1,062
1,082
Basic Weighted Avg Shares
19
18
19
201
898
895
1,226
1,510
2,601
3,612
3,849
4,006
4,156
Sales/Revenue/Turnover
0.21
0.1
0.04
76.07
85.82
94.71
74.52
95.68
62.77
92.6
92.1
91.24
77.41
Operating Margin (%)
3
3
3
3
4
4
4
3
3
4
4
4
4
Depreciation Expense
- -
- -
- -
43
524
546
892
1,014
1,118
2,514
2,679
2,775
2,346
Net Income, GAAP
- -
- -
- -
- -
0.27
0.31
0.09
0.28
0.25
- -
0.36
0.09
0.06
Effective Tax Rate (%)
0.02
0.02
- -
21.18
58.31
61.02
72.76
67.16
42.97
69.59
69.59
69.28
56.46
Profit Margin (%)
- -
- -
1
100
943
977
2,631
3,056
16,600
18,099
18,301
18,615
21,843
Working Capital
- -
- -
- -
4,786
4,122
4,818
7,067
4,992
14,569
17,629
17,650
17,690
17,826
LT Debt
- -
85
84
4,776
6,901
8,049
9,494
12,187
22,290
25,658
26,952
28,223
29,440
Total Equity
- -
- -
- -
- -
7.24
7.03
5.88
8.38
5.94
- -
8.03
8.05
6.91
Return on Invested Capital (%)
- -
- -
- -
- -
6.96
6.57
8.12
8.27
6.06
- -
7.87
7.9
6.78
Return on Capital (%)
- -
- -
- -
1.79
9.1
7.39
10.26
9.42
6.57
10.65
10.34
10.22
8.28
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
- -
- -
- -
LT Borrowings
16,787
16,931
16,917
LT Finance Leases
915
913
909
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,069
1,101
1,101
Market Capitalization
29,205
29,234
25,292

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
21,951
22,444
22,533
Cash, Cash Equivalents & STI
480
288
270
Accounts Receivable, Net
3
5
6
Inventories
- -
- -
- -
Total Current Liabilities
660
721
690
Payables & Accruals
660
721
690
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
579.02%
27.23%
4.72%
Free Cash Flow
739.08%
29.11%
5.67%
Net Income, GAAP
- -
31.81%
3.61%
Sales/Revenue/Turnover
150.36%
29%
4.08%
Total Cash Common Dividend
- -
26.19%
5.73%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
951
957
965
976
3,849
2025
984
1,001
1,007
1,013
4,006
2026
1,019
1,059
1,065
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.57
0.71
0.7
0.58
2.56
2025
0.51
0.82
0.71
0.57
2.61
2026
0.82
0.48
0.31
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.42
0.42
0.41
0.43
1.67
2025
0.43
0.43
0.43
0.45
1.75
2026
0.45
0.44
0.45
- -
- -
Business
VICI Properties Inc. (NYSE: VICI) 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 across the United States and Canada. Founded on October 6, 2017, through the spin-off from Caesars Entertainment Operating Company as part of its bankruptcy restructuring, the company is headquartered in New York City and operates a geographically diverse portfolio comprising 93 experiential assets, including 54 gaming properties such as Caesars Palace Las Vegas, MGM Grand Las Vegas and the Venetian Resort Las Vegas; 39 non-gaming experiential properties featuring wellness resorts, sports complexes and family entertainment venues like Chelsea Piers, Canyon Ranch, Great Wolf Resorts and Kalahari Resorts; four championship golf courses operated by Cabot; approximately 127 million square feet of space with 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks; and roughly 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. Its properties are leased under long-term, triple-net agreements to industry-leading operators including Caesars Entertainment, MGM Resorts, and partners such as Cain International, Homefield and Lucky Strike Entertainment, targeting customers in gaming, leisure, hospitality and experiential sectors. In recent developments, VICI Properties completed a $1.16 billion sale-leaseback transaction with Golden Entertainment in November 2025 to expand into the Las Vegas locals market; increased its mezzanine loan commitment by $150 million to $450 million for the One Beverly Hills development with Cain International and Eldridge Industries during 2025; initiated a partnership for the North Fork Mono Casino Resort project with Red Rock Resorts; and raised its 2025 AFFO guidance to $2.50-$2.52 billion following strong Q3 2025 results, underscoring ongoing portfolio growth and diversification beyond core gaming assets.

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  • VICI Properties Inc. (VICI) Q3 2026 Earnings Call Transcript

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