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VICI Properties Inc. Stock Price

NYSE:VICI Community·US$29.0b Market Cap
  • 1 Narratives written by author
  • 0 Comments on narratives written by author
  • 505 Fair Values set on narratives written by author

VICI Share Price Performance

US$26.35
-6.76 (-20.42%)
US$33.46
Fair Value
US$26.35
-6.76 (-20.42%)
21.2% undervalued intrinsic discount
US$33.46
Fair Value
Price US$26.35
AnalystConsensusTarget US$33.46

VICI Community Narratives

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Fair Value US$33.46 21.2% undervalued intrinsic discount

Rising US Experiential Demand Will Unlock Long-Term Value

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US$33.46
21.2% undervalued intrinsic discount
Revenue
3.62% p.a.
Profit Margin
74.41%
Future PE
13.71x
Price in 2029
US$42.59

Trending Discussion

No trending discussion available.

Updated Narratives

VICI logo

VICI: Future Returns Will Depend On Caesars Rent And Tenant Concentration

Fair Value: US$33.46 21.2% undervalued intrinsic discount
319 users have set this as their fair value
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Snowflake Analysis

Very undervalued with adequate balance sheet and pays a dividend.

1 Risk
5 Rewards

VICI Properties Inc. Key Details

US$4.1b

Revenue

US$29.9m

Cost of Revenue

US$4.1b

Gross Profit

US$1.3b

Other Expenses

US$2.8b

Earnings

Last Reported Earnings
Jun 30, 2026
Next Reporting Earnings
n/a
2.51
99.27%
67.50%
57.2%
View Full Analysis

About VICI

Founded
2016
Employees
28
CEO
Edward Pitoniak
WebsiteView website
www.viciproperties.com

VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 103 experiential assets across a geographically diverse portfolio consisting of 63 gaming properties and 40 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 130 million square feet and features approximately 66,000 hotel rooms and over 700 restaurants, bars, nightclubs and sports books. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Cabot, Cain, Canyon Ranch, Chelsea Piers, Club Med, Great Wolf Resorts, Homefield, Kalahari Resorts and Lucky Strike Entertainment. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators. VICI Properties Inc. was established on July 05, 2016, and is based in New York, United States. VICI Properties Inc. was incorporated in Maryland.

Recent VICI News & Updates

Seeking Alpha Jul 10

VICI Properties: Rich And Secure Incomes To Weather Macro And Caesars/MGM Uncertainty

Summary The heightened US-Iran volatility brings forth renewed inflation and Fed rate hike fears, with it triggering downward pressure on many REIT stocks, VICI included. Caesars/MGM account for 70% of VICI's rent, with the potential buyouts triggering near-term lease uncertainties, worsened by the reduced visibility into the two tenants' future financial health. Readers may want to closely monitor VICI's upcoming FQ2'26 earnings call, since it remains to be seen how the REIT may eventually be impacted. Las Vegas Strip recovery, CPI-linked escalators, and a healthy balance sheet underpin the REIT's secure dividend investment thesis through the AFFO payout ratio of 74%. VICI remains a Strong Buy here, with the overly done market pessimism triggering an attractive entry point for contrarian investors seeking rich dividends/capital appreciation prospects. Read the full article on Seeking Alpha
Narrative Update Jul 09

VICI: Future Returns Will Depend On Caesars Rent And Tenant Concentration

Analysts have trimmed the fair value estimate for VICI Properties from about $34.17 to $33.46 per share, reflecting a series of recent price target cuts into the $29 to $31 range as they factor in potential rent pressure on key leases, reduced visibility on major tenants, and slightly adjusted assumptions for growth, profitability, and future P/E multiples. Analyst Commentary Recent Street research on VICI Properties shows a mix of cautious and neutral tones, with multiple firms adjusting price targets and reassessing how the stock compares with the broader real estate investment trust universe.

Recent updates

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