US · USD

VICI

VICI Properties Inc

$22.53-0.53% (-$0.12)Updated 10/5/26, 5:22 PM

Day's range: $22.43 – $22.78
Day's volume: $195.2M
52-week range: $22.53 – $30.13

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VICI in numbers

Market cap: $24.8B

P/E: 8.97

P/B: 0.85

Dividend yield (12m): 8.03%

The 12-month dividend yield of VICI is 8.03%, above its 5-year average of 5.19%.

VICI price history

10/06/202510/05/2026

Compare with

VICI risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-16.34%	-9.94%	+9.37%
Volatility (annualized)	17.00%	17.17%	18.76%
Largest drawdown	-21.46%	-27.63%	-27.63%
Positive months	2/12	15/36	27/60

How much did investing in VICI return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $1,093.68 today.

Value today in VICI: $1,093.68

Return over the period: +9.37%

Return per year: +1.83%

In the S&P 500: $1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

VICI fundamentals

Valuation

P/E
8.97
P/B
0.85
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
10.12
P/EBIT
—
P/S
6.05
P/OCF
9.40
P/FCF
—
Earnings yield
—
PEG ratio
—
Earnings per share
$2.51
Book value per share
$26.49

Debt

Net debt
$16.6B
Net debt/EBITDA
—
Net debt/Equity
0.57
Debt/Equity
0.58
Current ratio
—
Quick ratio
—
Cash ratio
—

Efficiency

Gross margin
99.33%
EBITDA margin
—
Operating margin
—
Net margin
67.50%
Asset turnover
0.08

Profitability

ROE
9.48%
ROA
5.73%
ROIC
—
Payout
72.06%

Growth

Revenue CAGR (5 years)
22.87%
Earnings CAGR (5 years)
17.09%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is VICI's fair price?

Two classic value formulas, with today's numbers. The current price is $22.53.

Graham's fair price: $38.69; 71.75% above the price

√(22.50 × $2.51 × $26.49)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $26.11; 15.88% above the price

$1.57 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

VICI's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	10.83	11.52	13.22	29.10	22.23	15.35	21.92	14.52
P/B	1.08	1.16	1.32	1.48	1.86	1.45	1.50	1.11
Dividend yield	6.22%	5.74%	4.97%	4.54%	4.48%	4.80%	4.55%	3.79%
Earnings per share	$2.60	$2.54	$2.41	$1.11	$1.35	$1.66	$1.17	$1.29
Book value per share	$26.01	$25.12	$24.22	$21.85	$16.18	$17.55	$17.00	$16.84
ROE	9.98%	10.09%	9.95%	5.10%	8.37%	9.47%	6.85%	7.68%
ROIC	—	—	—	—	—	2.02%	0.45%	1.42%
Gross margin	99.33%	99.30%	99.25%	99.13%	98.62%	98.56%	97.89%	98.07%
Net margin	69.28%	69.59%	69.59%	42.97%	67.16%	72.76%	61.02%	58.31%

VICI's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$4B	$3.8B	$3.6B	$2.6B	$1.5B	$1.2B
Cost of revenue	-$26.7M	-$26.9M	-$27.1M	-$22.6M	-$20.8M	-$17.6M
Gross profit	$4B	$3.8B	$3.6B	$2.6B	$1.5B	$1.2B
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	$321M
Financial result	—	—	—	—	—	—
Income before tax	$2.8B	$2.7B	$2.5B	$1.1B	$1B	$897M
Income tax	-$2.4M	-$9.7M	$6.1M	-$2.9M	-$2.9M	-$831K
Net income	$2.8B	$2.7B	$2.5B	$1.1B	$1B	$891.7M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does VICI pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	09/16/2026	10/08/2026	$0.46

Dividend yield per year

3.79%2018
4.55%2019
4.80%2020
4.48%2021
4.54%2022
4.97%2023
5.74%2024
6.22%2025
5.99%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	06/17/2026	07/09/2026	$0.45
Dividend	03/18/2026	04/09/2026	$0.45
Dividend	12/16/2025	01/08/2026	$0.45
Dividend	09/17/2025	10/09/2025	$0.45
Dividend	06/17/2025	07/10/2025	$0.43
Dividend	03/19/2025	04/03/2025	$0.43
Dividend	12/16/2024	01/09/2025	$0.43
Dividend	09/17/2024	10/03/2024	$0.43
Dividend	06/17/2024	07/03/2024	$0.42
Dividend	03/19/2024	04/04/2024	$0.42
Dividend	12/19/2023	01/04/2024	$0.42
Dividend	09/19/2023	10/05/2023	$0.42

See all 34 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	06/20/2023	07/06/2023	$0.39
Dividend	03/21/2023	04/06/2023	$0.39
Dividend	12/20/2022	01/05/2023	$0.39
Dividend	09/20/2022	10/06/2022	$0.39
Dividend	06/21/2022	07/07/2022	$0.36
Dividend	03/22/2022	04/07/2022	$0.36
Dividend	12/21/2021	01/06/2022	$0.36
Dividend	09/22/2021	10/07/2021	$0.36
Dividend	06/22/2021	07/08/2021	$0.33
Dividend	03/23/2021	04/08/2021	$0.33
Dividend	12/21/2020	01/07/2021	$0.33
Dividend	09/28/2020	10/08/2020	$0.33
Dividend	06/26/2020	07/10/2020	$0.30
Dividend	03/27/2020	04/09/2020	$0.30
Dividend	12/25/2019	01/09/2020	$0.30
Dividend	09/25/2019	10/10/2019	$0.30
Dividend	06/26/2019	07/12/2019	$0.29
Dividend	03/27/2019	04/11/2019	$0.29
Dividend	12/26/2018	01/10/2019	$0.29
Dividend	09/26/2018	10/11/2018	$0.29
Dividend	06/26/2018	07/13/2018	$0.26
Dividend	03/27/2018	04/13/2018	$0.16

About Vici Properties

Sector: Finance, insurance and real estate

Questions about VICI

How much is VICI today?

VICI is at $22.53 (-0.53% on the day), last traded on 10/05/2026.

How much did VICI pay in dividends in 2025?

VICI paid $1.75 per share in 2025, a dividend yield of 6.22%.

When is the next VICI dividend?

The next announced payment is $0.46 per share on 10/08/2026.

What are the P/E and P/B of VICI?

VICI trades at a P/E of 8.97 and a P/B of 0.85.

How much did VICI return in 12 months?

VICI returned -16.34% in 12 months, with annualized volatility of 17.00% and a largest drawdown of -21.46%.