VICI Properties Inc

VICI Properties Inc

VICI

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Market Cap$29.01B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
VICI Properties IncVICI Properties Inc10.26.83%9%8.80.6

Earnings Call Q2 2026

July 30, 2026 - AI Summary

2026 guidance / outlook (core forecast) - AFFO per share for 2026 raised slightly at the low end: now $2.45–$2.47 (midpoint implies ~+3.4% YoY AFFO-per-share growth). - Quarter performance: AFFO/share $0.62, +4.6% YoY vs. $0.60 in 2Q 2025. - Capital allocation stance: management reiterated that guidance excludes unannounced acquisitions and other nonrecurring items—so upside/downside from future deals is not baked into the numbers.
Balance sheet strength (liquidity + leverage) - Total debt: $17.2B; net debt / annualized 2Q adjusted EBITDA ~4.9x, below the target leverage range 5.0x–5.5x. - Cost of debt / maturity: weighted avg interest rate ~4.45% (after hedging), ~5.5 years to maturity. - Liquidity: ~$2.5B total ($288M cash + $2.2B revolver availability), supporting continued deal flow and tenant support.
Growth catalysts: new tenants + meaningful transactions (what’s “good” and surprising) - Tenant additions: with closings, VICI added 3 tenants—Clairvest (#14), Golden Entertainment (#15), and Club Med (#16). - Club Med / Caribbean firsts (surprising + strategically important): - Acquired Carambola Beach Resort for $20.3M; Club Med will fund ~ $55M redevelopment. - VICI described this as its first build-to-suit investment and first property acquisition in the Caribbean. - Targeted reopening in Q4 2027 under Club Med’s Premium Exclusive Collection brand. - Management emphasized relationship-building over “sales mode” (connection via a third party; years of courting). - Other deal progress mentioned: $1.16B Golden Entertainment sale-leaseback closed, Clairvest Northfield Park lease commenced, and Gamehost Alberta acquisition (~C$200M) completed with partners at PURE.

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$30.60

Target Price by Analysts

16.1% upsideVICI Properties Target Price DetailsTarget Price
$73.05

Current Fair Value

177.2% upside

Undervalued by 177.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$29.01 Billion
Enterprise Value$45.66 Billion
Dividend Yield$1.80 (6.83%)
Earnings per Share$2.61
Beta0.68
Outstanding Shares1,090,197,080

Return

Return on Equity9.48%ROE
Return on Assets5.73%
Return on Invested Capital5.58%

Valuation & Multiples

P/E Ratio10.21P/E Ratio
PEG-26.03PEG
Price to Sales8.78Price to Sales
Price to Book Ratio0.98Price to Book Ratio
Enterprise Value to Revenue11.14
Enterprise Value to EBIT17.22
Enterprise Value to Net Income16
Total Debt to Enterprise0.37
Debt to Equity0.58Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 29, 2026
EPS Estimate
$0.71
Average shareholder expectation
Revenue Estimate
$1.04 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 29, 2026
EPS Estimate
$0.71
Average shareholder expectation
Revenue Estimate
$1.05 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 80.40%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.86% 92.02%
Total Invested$1.36B 95.16%
Investors Holding325 638.00%

ESG Score

No data

About VICI Properties Inc

CEO: Edward Pitoniak

Relevant Senate Committees

Joint Committee on Taxation

This committee provides critical analysis and official revenue estimates for all tax legislation, working directly with the tax-writing committees. Any changes to corporate tax structures, REIT tax treatment, or capital investment credits, which this committee scores, would have a direct and material impact on VICI's business model and financial performance.

Finance

As the primary tax-writing committee, the Finance Committee's decisions on corporate tax policy, REIT-specific tax treatment, and broader economic policies directly affect VICI's profitability, valuation, and business structure. Its influence on entitlement spending also impacts the broader economy and discretionary consumer spending, which is crucial for VICI's entertainment-focused tenants.

Banking, Housing, and Urban Affairs

This committee directly regulates the financial system, including the SEC, and influences housing and urban development policy. As a publicly traded REIT focused on real estate, VICI is directly impacted by these regulations, banking capital requirements, and real estate market policies.