VICI Properties Inc
Research VICI Properties Inc (VICI) on Bullrun: valuation model: 64.7% undervalued, market cap USD 25.19B, P/E 8.9, dividend yield 7.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerVICI
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Diversified
- CurrencyUSD
- Valuation signal64.7% undervalued
- Market capUSD 25.19B
- P/E8.9
- Dividend yield7.9%
- Financial periodQ2 2026
- RevenueUSD 1.06B
- Net incomeUSD 526.52M
- Free cash flowUSD 728.01M
- Gross margin99.3%
Valuation Snapshot
Bullrun's latest valuation model marks VICI Properties Inc as 64.7% undervalued; latest market cap is USD 25.19B; P/E is 8.9; dividend yield is 7.9%.
Peer valuation comparison
Latest P/E is 8.87x versus a Real Estate sector median of 14.08x (37.0% below).
Latest dividend yield is 7.86% versus a Real Estate sector median of 4.78% (64.6% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 4.01B | USD 2.78B | USD 2.51B | 99.3% | 2.61 | USD 563.48M | USD 16.77B | USD 27.80B |
| FY2024 | USD 3.85B | USD 2.68B | USD 2.37B | 99.3% | 2.56 | USD 524.62M | USD 16.73B | USD 26.54B |
| FY2023 | USD 3.61B | USD 2.51B | USD 2.18B | 99.3% | 2.47 | USD 522.57M | USD 16.72B | USD 25.26B |
| FY2022 | USD 2.60B | USD 1.12B | USD 1.94B | 99.1% | 1.27 | USD 208.93M | USD 13.74B | USD 21.93B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 25.19B | 8.9 | 7.9% | 1.81 |
| 2025 | 2025-12-31 | USD 30.05B | 10.8 | 6.3% | 1.76 |
| 2024 | 2024-12-31 | USD 30.86B | 11.4 | 5.8% | 1.7 |
| 2023 | 2023-12-29 | USD 32.98B | 13.4 | 5.1% | 1.62 |
| 2022 | 2022-12-30 | USD 31.20B | 30.3 | 4.6% | 1.5 |
| 2021 | 2021-12-31 | USD 18.94B | 17.1 | 4.6% | 1.38 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.81 USD, yield 7.9%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.77 USD |
| FY2024 | 1.7 USD |
| FY2023 | 1.61 USD |
| FY2022 | 1.5 USD |
About VICI Properties Inc
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.
ETFs that hold VICI Properties Inc
VICI Properties Inc is one of the ten largest holdings of 10 ETFs that investors in Europe can buy. The 8 most traded of them:
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Frequently asked questions
Is VICI Properties Inc overvalued or undervalued?
Bullrun's valuation model currently marks VICI Properties Inc as 64.7% undervalued.
What is VICI Properties Inc's market cap?
VICI Properties Inc's market capitalization is USD 25.19B.
What is VICI Properties Inc's P/E ratio?
VICI Properties Inc's price-to-earnings (P/E) ratio is 8.9.
Does VICI Properties Inc pay a dividend?
VICI Properties Inc has a dividend yield of 7.9%.
What does VICI Properties Inc do?
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 103 experiential assets across a geographically diverse portfolio consisting of 63 gaming properties and 40 other experiential properties across the United States and Canada.