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VICI Properties Inc.
VICI
28.34 (-0.07%) 0.02
Real Estate
Specialized REITs
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 60300 hotel rooms and over 500 restaurants bars nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming leisure and hospitality operators under long-term triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading developers and operators in other experiential sectors including Cabot Cain Canyon Ranch Chelsea Piers Great Wolf Resorts Homefield Kalahari Resorts and Lucky Strike Entertainment. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators.

Quality Checklist 5/8

Debt/Equity < 1
Current Ratio > 1
Quick Ratio > 1
Net Margin > 10%
Past Net Income CAGR > 0%
5Y Shares Out Change < 0%
ROIC > 10%
Est. EPS Growth > 5%
0.0%of Portfolio

My holdings

Day change:
Total change:
Shares:
Cost basis:
Market cap: $30.29(B)
EV: $47.89(B)
Total Equity: $28.10(B)
Earnings date: Feb-20-2026
P/E: 10.78
Forward P/E: 10.23
P/FCF: 12.32
P/S: 7.56
P/B: 1.09
EPS: $2.6
EPS (fwd): $2.8
FCF/share: $2.3
Revenue/share: $3.8
Book value/share: $25.9
ROIC: 6.1%
ROA: 6.1%
ROE: 10.3%
Debt/Equity: 0.63
Current Ratio: 37
Gross margin: 99.1%
Operating margin: 92.6%
Net margin: 70.2%
Dividend/share: $1.8
Div. yield: 6.18%
All Valuation Overview Growth Financials & KPIsCompetitors & Peer Comparison Ownership Tools

VICI Valuation & Price Targets

Current Price
$28.3

Favorite Valuation Methods

PEvaluation
N/A
Analyst targets
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DCF (2-stage)
N/A

More Valuation Methods

DCF (simple)
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DCF (exit mult.)
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DDM
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EPS growth
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Revenue growth
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Peter Lynch FV
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Graham No.
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PEvaluation

5% undervalued
Low
$22.3
Mid
$29.8
High
$37.2
Current price
$28.3
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+12.82.82.81
FY+22.92.92.92
FY+32.92.92.91

Analyst Price Targets

24% undervalued
Low
$30.0
Mid
$35.0
High
$42.0
Current price
$28.3

Analyst Recommendations

Strong Buy6
Buy13
Hold5
Sell0
Strong Sell0

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
LowMidHigh
Terminal Growth Rate
LowMidHigh
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
LowMidHigh
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years: 5 Years
Exit FCF Multiple
LowMidHigh
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Dividend Discount Model

Annual Dividend
First Stage Length (Years): 0 Years
First Stage Growth Rate
Final Growth Rate
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
LowMidHigh
Final P/E
LowMidHigh
Discount Rate

Revenue Growth Valuation

Forecast Years: 10 Years
Base Revenue
Revenue Growth Rate
LowMidHigh
Final Net Margin
LowMidHigh
Final P/E Ratio
LowMidHigh
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Government Bond Rate
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