VICI Stock Analysis: VICI Properties | NYSE
REIT - Diversified | NYSE, USA | Market Cap: 25.545m USD | 12M Return: -24.6% | US9256521090 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 246M
EPS Trend: 72.5%
Qual. Beats: 0
Rev. Trend: 97.1%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.9 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 in North America. Its portfolio includes iconic Las Vegas Strip properties such as Caesars Palace, MGM Grand, and the Venetian Resort, alongside 100 additional experiential assets split between gaming and other experiential properties across the United States and Canada.
The company operates a triple-net lease model, meaning tenants are responsible for property taxes, insurance, and maintenance in addition to rent, providing VICI with predictable, long-term rental income from industry-leading operators. This structure is common among REITs and supports regular dividend distributions to shareholders.
In addition to its gaming and hospitality holdings, VICI has expanded into adjacent experiential sectors through partnerships with operators such as Club Med, Great Wolf Resorts, Canyon Ranch, and Chelsea Piers. The company also owns four championship golf courses and approximately 33 acres of undeveloped land adjacent to the Las Vegas Strip, positioning it for potential future development or monetization.
VICI Properties was established on July 5, 2016, is headquartered in New York, and is incorporated in Maryland. It trades on the NYSE under the ticker VICI and is classified within the Real Estate sector as a specialized REIT focused on experiential assets.
- Las Vegas Strip tourism recovery boosts tenant rent coverage
- Triple-net lease escalators deliver predictable AFFO growth
- Rising rates pressure cap rate spreads on new acquisitions
| 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 October 07, 2026, the stock is trading at USD 22.73 with a total of 7,528,185 shares traded. Over the past week, the price has changed by -2.03%, over one month by -8.33%, over three months by -13.24% and over the past year by -24.55%.
Current recommended Stop Loss: 22.10 (which is 2.8% or 1.6 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 | 40.6% |
P/E Trailing = 8.9922
P/E Forward = 7.77
P/S = 6.2341
P/B = 0.8946
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 = 44.0b USD (25.5b + Debt 18.8b - CCE 288.1m)
Interest Coverage Ratio = 4.35 (Ebit TTM 3.65b / Interest Expense TTM 839.9m)
EV/FCF = 16.68x (Enterprise Value 44.0b / FCF TTM 2.64b)
FCF Yield = 6.00% (FCF TTM 2.64b / Enterprise Value 44.0b)
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 = 0.91 (Enterprise Value 44.0b / 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 = 5.04% (E(25.5b)/V(44.3b) * Re(5.45%) + D(18.8b)/V(44.3b) * Rd(4.48%) * (1-Tc(0.00)))
Discount Rate = 5.45% (= 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=+5.2%
EPS next Year (2027-12-31): EPS=2.99 | Chg30d=+1.87% | Revisions=+0% | GrowthEPS=+8.7% | GrowthRev=+3.5%