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) Return on invested capital

Alert me on Return on invested capital

VICI Properties Inc.'s return on invested capital over the twelve months to 30 June 2026 was 4.93%, down 0.2 percentage points from fiscal 2025 (5.15%). Over the past ten years it has ranged from 0.00% (fiscal 2016) to 5.61% (fiscal 2021); the current reading is higher than 80% of that period. That is above the Reit Diversified industry median of 2.80% and above the Real Estate sector median of 2.03%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 5.15% 0.01
FY2024 5.14% 0.14
FY2023 5.00% 2.16
FY2022 2.84% (2.77)
FY2021 5.61% 2.02
FY2020 3.59% (1.43)
FY2019 5.02% (0.41)
FY2018 5.43% 4.33
FY2017 1.10% 1.10
FY2016 0.00% —

Against its own ten years

Low 0.00% High 5.61%
Ten-year median 5.01%
Current reading's percentile 80

Return on invested capital against peers

Company Return on invested capital
SAFE Safehold Inc. compare 5.53%
VICI VICI Properties Inc. 4.93%
GNL Global Net Lease, Inc. compare 4.14%
BNL Broadstone Net Lease, Inc. compare 3.12%
CTO CTO Realty Growth, Inc. compare 3.05%
WPC W.P. Carey Inc. compare 2.69%
AAT American Assets Trust, Inc. compare 2.37%
JBGS JBG SMITH Properties compare −0.08%
ESRT Empire State Realty Trust, Inc. compare −0.55%
Reit Diversified industry median 2.80%
Real Estate sector median 2.03%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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