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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, VICI Properties Inc. (VICI) trades at a price to free cash flow of 10.2×. Over the past ten years it has ranged from 0.0× (September 2018) to 22.0× (August 2022); the current reading is higher than 13% of that period. That is above the Reit Diversified industry median of 8.8× and below the Real Estate sector median of 12.3×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 11.9× (7.74%)
FY2024 12.9× (15.17%)
FY2023 15.2× 5.76%
FY2022 14.4× (23.41%)
FY2021 18.7× 35.14%
FY2020 13.9× (15.13%)
FY2019 16.3× 19.23%
FY2018 13.7× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 9.3× (14.81%)
Jun 2026 11.0× (4.10%)
Mar 2026 11.4× (3.77%)
Dec 2025 11.9× (15.97%)
31 more quarters

Against its own ten years

Low 0.0× High 22.0×
Ten-year median 14.7×
Current reading's percentile 13

Price to free cash flow against peers

Company Price to free cash flow
BNL Broadstone Net Lease, Inc. compare n/m
SAFE Safehold Inc. compare n/m
ESRT Empire State Realty Trust, Inc. compare n/m
CTO CTO Realty Growth, Inc. compare n/m
WPC W.P. Carey Inc. compare n/m
JBGS JBG SMITH Properties compare n/m
GNL Global Net Lease, Inc. compare 7.4×
VICI VICI Properties Inc. 10.2×
AAT American Assets Trust, Inc. compare 17.5×
Reit Diversified industry median 8.8×
Real Estate sector median 12.3×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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