VICI Stock Analysis: VICI Properties | NYSE
REIT - Diversified | NYSE, USA | Market Cap: 28.485m USD | 12M Return: -19.2% | US9256521090 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 214M
EPS Trend: 72.5%
Qual. Beats: 0
Rev. Trend: 97.1%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
VICI Properties Inc. is an S&P 500 experiential real estate investment trust (REIT) that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment, and leisure destinations, including iconic Las Vegas Strip assets Caesars Palace, MGM Grand, and the Venetian Resort. The company holds 93 experiential assets across the United States and Canada-54 gaming properties and 39 other experiential properties-totaling roughly 127 million square feet, approximately 60,300 hotel rooms, and more than 500 restaurants, bars, nightclubs, and sportsbooks. VICIs properties are leased to industry-leading operators under long-term, triple-net agreements, in which tenants are responsible for property taxes, insurance, and maintenance, which reduces landlord operating risk and capital expenditure exposure. The company also owns four championship golf courses, approximately 33 acres of undeveloped land near the Las Vegas Strip, and an expanding slate of real estate and financing partnerships with experiential-sector developers such as Great Wolf Resorts, Chelsea Piers, Canyon Ranch, and Kalahari Resorts. Incorporated in 2016, headquartered in New York, and listed on the NYSE since 2017, VICI operates as a specialized REIT-a structure that under U.S. tax law requires the company to distribute the majority of its taxable income to shareholders in the form of dividends.
- Las Vegas Strip tourism recovery drives gaming tenant rent growth
- Triple-net lease structure shields cash flows from operator margin pressure
- Caesars tenant concentration poses credit risk to lease revenue
| Net Income: 2.77b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.14 > 1.0 |
| NWC/Revenue: -10.57% < 20% (prev 521.0%; Δ -531.5% < -1%) |
| CFO/TA 0.05 > 3% & CFO 2.64b > Net Income 2.77b |
| Net Debt (18.5b) to EBITDA (3.66b): 5.05 < 3 |
| Current Ratio: 0.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.09b) vs 12m ago 3.12% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 8.69% > 50% (prev 8.53%; Δ 0.16% > 0%) |
| Interest Coverage Ratio: 4.35 > 6 (EBIT TTM 3.65b / Interest Expense TTM 839.9m) |
| A: -0.01 (Total Current Assets 288.1m - Total Current Liabilities 721.2m) / Total Assets 48.3b |
| B: 0.07 (Retained Earnings 3.19b / Total Assets 48.3b) |
| C: 0.08 (EBIT TTM 3.65b / Avg Total Assets 47.2b) |
| D: 1.56 (Book Value of Equity 29.2b / Total Liabilities 18.7b) |
| Altman-Z'' = 2.32 = BBB |
| DSRI: 1.02 (Receivables 22.2b/20.9b, Revenue 4.10b/3.93b) |
| GMI: 1.00 (GM 99.32% / 99.33%) |
| AQI: 1.90 (AQ_t 0.99 / AQ_t-1 0.52) |
| SGI: 1.04 (Revenue 4.10b / 3.93b) |
| TATA: 0.00 (NI 2.77b - CFO 2.64b) / TA 48.3b) |
| Beneish M = -2.45 (Cap -4..+1) = BBB |
As of September 07, 2026, the stock is trading at USD 25.42 with a total of 16,609,856 shares traded. Over the past week, the price has changed by -1.74%, over one month by -4.40%, over three months by -5.01% and over the past year by -19.21%.
Current recommended Stop Loss: 24.80 (which is 2.4% or 1.4 ATR below the current price).
VICI Properties has received a consensus analysts rating of 4.21. Therefore, it is recommended to buy VICI.
- StrongBuy: 12
- Buy: 5
- Hold: 7
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 32.5 | 27.9% |
P/E Trailing = 9.9884
P/E Forward = 8.9206
P/S = 6.9516
P/B = 0.9727
Revenue TTM = 4.10b USD
EBIT TTM = 3.65b USD
EBITDA TTM = 3.66b USD
Long Term Debt = 16.9b USD (from longTermDebt, last quarter)
Short Term Debt = 1.79b USD (from shortTermDebt, last quarter)
Debt = 18.8b USD (from shortLongTermDebtTotal, last quarter) + Leases 912.5m
Net Debt = 18.5b USD (calculated: Debt 18.8b - CCE 288.1m)
Enterprise Value = 47.0b USD (28.5b + Debt 18.8b - CCE 288.1m)
Interest Coverage Ratio = 4.35 (Ebit TTM 3.65b / Interest Expense TTM 839.9m)
EV/FCF = 17.79x (Enterprise Value 47.0b / FCF TTM 2.64b)
FCF Yield = 5.62% (FCF TTM 2.64b / Enterprise Value 47.0b)
FCF Margin = 64.41% (FCF TTM 2.64b / Revenue TTM 4.10b)
Net Margin = 67.50% (Net Income TTM 2.77b / Revenue TTM 4.10b)
Gross Margin = unknown ((Revenue TTM 4.10b - Cost of Revenue TTM 27.6m) / Revenue TTM)
Tobins Q-Ratio = 0.97 (Enterprise Value 47.0b / Total Assets 48.3b)
Interest Expense / Debt = 4.48% (Interest Expense 839.9m / Debt 18.8b)
Taxrate = 0.10% (2.84m / 2.81b)
NOPAT = 3.65b (EBIT 3.65b * (1 - 0.10%))
Current Ratio = 0.40 (Total Current Assets 288.1m / Total Current Liabilities 721.2m)
Debt / Equity = 0.64 (Debt 18.8b / totalStockholderEquity, last quarter 29.2b)
Debt / EBITDA = 5.05 (Net Debt 18.5b / EBITDA 3.66b)
Debt / FCF = 7.00 (Net Debt 18.5b / FCF TTM 2.64b)
Total Stockholder Equity = 28.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.86% (Net Income 2.77b / Total Assets 48.3b)
RoE = 9.80% (Net Income TTM 2.77b / Total Stockholder Equity 28.2b)
RoCE = 8.09% (EBIT 3.65b / Capital Employed (Equity 28.2b + L.T.Debt 16.9b))
RoIC = 7.43% (NOPAT 3.65b / Invested Capital 49.1b)
WACC = 5.03% (E(28.5b)/V(47.2b) * Re(5.39%) + D(18.8b)/V(47.2b) * Rd(4.48%) * (1-Tc(0.00)))
Discount Rate = 5.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.42 | Cagr: 1.97%
[DCF] Terminal Value 76.40% ; FCFF base≈2.56b ; Y1≈2.74b ; Y5≈3.28b
[DCF] Fair Price = 28.98 (EV 50.4b - Net Debt 18.5b = Equity 31.9b / Shares 1.10b; r=8.35% [WACC [floored]]; 5y FCF grow 7.66% → 2.50% )
EPS Correlation: 72.53 | EPS CAGR: 3.33% | SUE: 0.0 | # QB: 0
Revenue Correlation: 97.08 | Revenue CAGR: 5.57% | SUE: 2.70 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.72 | Chg30d=+1.41% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=2.75 | Chg30d=-5.01% | Revisions=+0% | GrowthEPS=+5.0% | GrowthRev=+5.1%
EPS next Year (2027-12-31): EPS=2.99 | Chg30d=+1.87% | Revisions=+0% | GrowthEPS=+8.7% | GrowthRev=+3.7%