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.

Revenue
+5.76%
EPS
−55.6%
Free cash flow
+11.3%
Total debt
+0.92%

Quarter to September 2026, against a year earlier

25.14 0.11 −0.44%
Market cap
$27.8B
P/E
11.5×
Fwd P/E
8.9×
Dividend yield
7.20%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

VICI Properties Inc. (VICI) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, VICI Properties Inc. (VICI) trades at a P/E ratio of 11.5×. Over the past ten years it has ranged from 8.9× (March 2020) to 121× (January 2018); the current reading is higher than 15% of that period. That is below the Reit Diversified industry median of 22.5× and below the Real Estate sector median of 23.6×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 10.8× (5.58%)
FY2024 11.4× (13.36%)
FY2023 13.2× (47.74%)
FY2022 25.2× 50.64%
FY2021 16.7× 12.17%
FY2020 14.9× (26.46%)
FY2019 20.3× 54.40%
FY2018 13.1× (87.59%)
FY2017 106× 0.00%
FY2016 106× —

Quarterly newest first

Period P/E ratio Change
Sep 2026 10.5× 2.15%
Jun 2026 10.3× 9.99%
Mar 2026 9.4× (13.16%)
Dec 2025 10.8× (13.44%)
31 more quarters

Against its own ten years

Low 8.9× High 121×
Ten-year median 15.0×
Current reading's percentile 15

P/E ratio against peers

Company P/E ratio
JBGS JBG SMITH Properties compare n/m
GNL Global Net Lease, Inc. compare n/m
SAFE Safehold Inc. compare 6.4×
VICI VICI Properties Inc. 11.5×
CTO CTO Realty Growth, Inc. compare 16.9×
WPC W.P. Carey Inc. compare 22.5×
BNL Broadstone Net Lease, Inc. compare 23.0×
AAT American Assets Trust, Inc. compare 56.1×
ESRT Empire State Realty Trust, Inc. compare 177×
Reit Diversified industry median 22.5×
Real Estate sector median 23.6×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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