What is VICI Properties Inc.'s market cap?

VICI Properties Inc. (VICI) has a market capitalization of $29.3B and trades on NYSE.

What is VICI Properties Inc.'s revenue and profitability?

VICI Properties Inc. generated $4.0B in trailing twelve-month revenue with net income of $3.1B, representing a net margin of 76.8%. Gross margin stands at 99.3%, with free cash flow of $2.5B. These figures are based on the Q1 2026 filing.

Who are VICI Properties Inc.'s competitors?

VICI Properties Inc.'s key competitors include Gaming and Leisure Properties, Inc., Realty Income Corporation, Host Hotels & Resorts, Inc., and others. These companies compete in similar markets and product categories.

Who does VICI Properties Inc. partner with?

VICI Properties Inc.'s notable partners include Caesars Entertainment, Inc., MGM Resorts International, Apollo Global Management, and others.

What subsidiaries does VICI Properties Inc. have?

VICI Properties Inc.'s subsidiaries include VICI Properties L.P., VICI Golf LLC.

Where is VICI Properties Inc. headquartered?

VICI Properties Inc. is headquartered in United States of America and employs approximately 28 people. It has been publicly traded since 2017.

VICI Properties Inc.

VICI

VICI Properties is a leading experiential real estate investment trust (REIT) specializing in the ownership and acquisition of premier gaming, hospitality, and entertainment destinations.

Market cap

$29.27B-17.2%

Revenue$4.0B+4.1%

Net income$3.1B+17.9%

Free cash flow$2.5B+5.1%

EPS (diluted)$2.91+16.4%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 29, 2026

Revenue$1.0BBeat by $4.3M EPS$0.82Beat by $0.11

Read the full report

Next report

Jul 29, 2026 (In 5 days)

Revenue estimate$1.0B

EPS estimate$0.71

Financials

Q1 2026

Income statement

See full

Revenue$1.0B+3.5%

Gross profit$1.0B+3.5%

Net income$872.4M+60.5%

EPS (diluted)$0.82+60.8%

Balance sheet

See full

Cash & equivalents$480.2M+43.6%

Total debt$19.2B-1.6%

Total equity$28.2B+5.9%

Total assets$47.1B+3.4%

Cash flow

See full

Operating cash flow$631.9M+6.8%

CapEx$628.0K+303%

Free cash flow$631.2M+6.7%

Valuation & ratios

Valuation

See full

Market cap$29.27B-17.2%

Enterprise value$47.96B-12.3%

P/E9.4×-3.4×

P/S7.2×-1.8×

Profitability

See full

Gross margin99.3%0.0pp

Net margin76.8%+9.0pp

FCF margin63.1%+0.6pp

Returns & leverage

See full

Return on equity11.3%+1.2pp

Debt / equity0.7×-0.1×

Competitors

By market cap

Realty Income$60.6B+16.0%

VICI Properties Inc.$29.3B-17.2%

Host Hotels & Resorts$16.8B+45.7%

Gaming and Leisure Properties$12.7B-2.2%

EPR Properties$4.7B+6.7%

LTC Properties$2.2B+32.5%

CTO Realty Growth$749.0M+29.0%

Alpine Income Property Trust$345.0M+66.7%

By revenue growth

LTC Properties+49.0%

Alpine Income Property Trust+24.0%

CTO Realty Growth+17.2%

Realty Income+9.8%

Host Hotels & Resorts+6.2%

Gaming and Leisure Properties+4.4%

VICI Properties Inc.+4.1%

EPR Properties+2.7%

By net margin

VICI Properties Inc.76.83%+9.0pp

Gaming and Leisure Properties55.06%+5.1pp

LTC Properties39.09%-3.1pp

EPR Properties37.5%+15.2pp

Realty Income19.09%+0.9pp

Host Hotels & Resorts16.4%+4.7pp

CTO Realty Growth9.06%+13.3pp

Alpine Income Property Trust6.72%+1.6pp

Profile

VICI Properties is a leading experiential real estate investment trust (REIT) specializing in the ownership and acquisition of premier gaming, hospitality, and entertainment destinations. The company utilizes a long-term triple-net lease model to provide stable income and growth, partnering with top-tier operators to manage iconic assets across North America.

Competitive position

VICI is a dominant owner of iconic Las Vegas Strip assets and one of the largest triple-net lease REITs focused on the experiential sector.

GeographiesUnited States, Canada

Customer segmentsEnterprise Hospitality Operators, Gaming Corporations, Wellness and Leisure Brands

Business modelTriple-Net Lease (NNN), Real Estate Investment Trust, Asset-heavy Ownership

SuppliersCapital Markets, Commercial Real Estate Developers, Construction and Maintenance Services

CustomersGaming and Casino Operators, Hotel and Resort Management Companies, Entertainment and Wellness Brands

CountryUnited States of America

Listed2017

Employees28.0

CEOEdward Baltazar Pitoniak

SectorReal Estate

IndustryREIT - Diversified

Websiteviciproperties.com

FilingsSEC EDGAR

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Questions, answered.

What is VICI Properties Inc.'s market cap?: VICI Properties Inc. (VICI) has a market capitalization of $29.3B and trades on NYSE.
What is VICI Properties Inc.'s revenue and profitability?: VICI Properties Inc. generated $4.0B in trailing twelve-month revenue with net income of $3.1B, representing a net margin of 76.8%. Gross margin stands at 99.3%, with free cash flow of $2.5B. These figures are based on the Q1 2026 filing.
Who are VICI Properties Inc.'s competitors?: VICI Properties Inc.'s key competitors include Gaming and Leisure Properties, Inc., Realty Income Corporation, Host Hotels & Resorts, Inc., and others. These companies compete in similar markets and product categories.
Who does VICI Properties Inc. partner with?: VICI Properties Inc.'s notable partners include Caesars Entertainment, Inc., MGM Resorts International, Apollo Global Management, and others.
What subsidiaries does VICI Properties Inc. have?: VICI Properties Inc.'s subsidiaries include VICI Properties L.P., VICI Golf LLC.
Where is VICI Properties Inc. headquartered?: VICI Properties Inc. is headquartered in United States of America and employs approximately 28 people. It has been publicly traded since 2017.