VICI Properties Inc.

VICI Real Estate Reit Diversified

VICI Properties Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 4.08% from fiscal 2024. In the quarter to June 2026, revenue grew 5.71%, EPS fell 41.5%, free cash flow grew 13.5% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for five.

23.60 0.14 +0.60%
Market cap
$25.8B
P/E
9.1×
Fwd P/E
9.4×
Dividend yield
7.67%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

VICI Properties Inc. (VICI) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, VICI Properties Inc. (VICI) trades at a P/B ratio of 0.9×. Over the past ten years it has ranged from 0.6× (March 2020) to 44.7× (October 2021); the current reading is higher than 1% of that period. That is in line with the Reit Diversified industry median of 0.9× and below the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.1× (6.73%)
FY2024 1.1× (12.16%)
FY2023 1.3× 3.32%
FY2022 1.2× (10.38%)
FY2021 1.4× 2.58%
FY2020 1.4× (1.56%)
FY2019 1.4× 38.21%
FY2018 1.0× (2.25%)
FY2017 1.0× 0.00%
FY2016 1.0× —

Quarterly newest first

Period P/B ratio Change
Jun 2026 1.0× (4.13%)
Mar 2026 1.0× (3.61%)
Dec 2025 1.1× (14.58%)
Sep 2025 1.2× (1.28%)
30 more quarters

Against its own ten years

Low 0.6× High 44.7×
Ten-year median 1.3×
Current reading's percentile 1

P/B ratio against peers

Company P/B ratio
SAFE Safehold Inc. compare 0.3×
ESRT Empire State Realty Trust, Inc. compare 0.4×
JBGS JBG SMITH Properties compare 0.6×
VICI VICI Properties Inc. 0.9×
GNL Global Net Lease, Inc. compare 1.0×
CTO CTO Realty Growth, Inc. compare 1.1×
BNL Broadstone Net Lease, Inc. compare 1.1×
AAT American Assets Trust, Inc. compare 1.2×
WPC W.P. Carey Inc. compare 1.7×
Reit Diversified industry median 0.9×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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