VICI
Company Description
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.01B | 3.85B | 3.61B | 2.60B | 1.51B | 1.23B | 894.80M | 897.98M | 201.44M | 18.79M | 18.08M | 18.91M |
| Net Income | 2.78B | 2.68B | 2.51B | 1.12B | 1.01B | 891.67M | 545.96M | 523.62M | 42.66M | 3.03M | 3,000 | 4,000 |
| EPS | 2.61 | 2.56 | 2.48 | 1.27 | 1.80 | 1.76 | 1.25 | 1.43 | 0.13 | 0.01 | 0.00 | 0.00 |
| Free Cash Flow | 2.51B | 2.37B | 2.18B | 1.94B | 893.85M | 880.87M | 679.43M | 503.18M | 129.72M | 1.85M | N/A | N/A |
| FCF / Share | 2.36 | 2.27 | 2.15 | 2.21 | 1.58 | 1.74 | 1.56 | 1.37 | 0.40 | 0.01 | N/A | N/A |
| Operating CF | 2.51B | 2.38B | 2.18B | 1.94B | 896.35M | 883.64M | 682.16M | 504.08M | 131.68M | 2.72M | N/A | N/A |
| Total Assets | 46.72B | 45.37B | 44.06B | 37.58B | 17.60B | 17.06B | 13.27B | 11.33B | 9.74B | 90.47M | N/A | N/A |
| Total Debt | 17.69B | 17.65B | 17.63B | 14.57B | 4.99B | 7.07B | 4.82B | 4.12B | 5.09B | 14,000 | N/A | N/A |
| Cash & Equiv | 563.48M | 524.62M | 522.57M | 208.93M | 739.61M | 315.99M | 1.10B | 577.88M | 183.65M | 920,000 | N/A | N/A |
| Book Value | 27.80B | 26.54B | 25.26B | 21.93B | 12.11B | 9.42B | 7.97B | 6.82B | 4.69B | 84.14M | N/A | N/A |
| Return on Equity | 0.10 | 0.10 | 0.10 | 0.05 | 0.08 | 0.09 | 0.07 | 0.08 | 0.01 | 0.04 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.02B | 1.01B | 1.02B | 1.00B | 984.20M | 976.05M | 964.67M | 957.00M | 951.48M | 931.87M | 904.32M | 898.16M |
| Net Income | 872.39M | 604.82M | 762.04M | 865.08M | 543.61M | 614.59M | 732.90M | 741.30M | 590.02M | 747.77M | 556.33M | 690.70M |
| EPS | 0.82 | 0.57 | 0.71 | 0.82 | 0.51 | 0.58 | 0.70 | 0.71 | 0.57 | 0.72 | 0.55 | 0.69 |
| Free Cash Flow | 631.86M | 691.64M | 587.12M | 639.23M | 591.70M | 643.01M | 577.69M | 611.94M | 541.33M | 574.35M | 551.53M | 530.05M |
| FCF / Share | 0.59 | 0.65 | 0.55 | 0.61 | 0.56 | 0.61 | 0.55 | 0.59 | 0.52 | 0.55 | 0.54 | 0.53 |
| Operating CF | 631.86M | 691.94M | 586.29M | 639.90M | 591.86M | 644.10M | 579.05M | 614.61M | 543.74M | 576.49M | 552.11M | 530.38M |
| Total Assets | 47.09B | 46.72B | 46.54B | 46.05B | 45.53B | 45.37B | 44.92B | 44.51B | 44.16B | 44.06B | 42.83B | 42.25B |
| Total Debt | 17.70B | 17.69B | 17.68B | 17.84B | 17.76B | 17.65B | 17.65B | 17.63B | 17.61B | 17.63B | 17.54B | 17.45B |
| Cash & Equiv | 480.21M | 563.48M | 507.50M | 232.98M | 334.32M | 524.62M | 355.67M | 347.16M | 485.32M | 522.57M | 510.88M | 738.79M |
| Book Value | 28.19B | 27.80B | 27.67B | 27.02B | 26.61B | 26.54B | 26.11B | 25.72B | 25.41B | 25.26B | 24.16B | 23.72B |
| Return on Equity | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 |
