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.
Undervalued with reasonable growth potential and pays a dividend.
Share Price & News
How has VICI Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VICI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VICI exceeded the US REITs industry which returned 16% over the past year.
Return vs Market: VICI exceeded the US Market which returned 18% over the past year.
Price Volatility Vs. Market
How volatile is VICI Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIs Now An Opportune Moment To Examine VICI Properties Inc. (NYSE:VICI)?
1 month ago | Simply Wall StHere's Why I Think VICI Properties (NYSE:VICI) Might Deserve Your Attention Today
1 year ago | Simply Wall StWill VICI Properties Inc (NYSE:VICI) Continue To Underperform Its Industry?
Is VICI Properties undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VICI ($28.15) is trading below our estimate of fair value ($66.41)
Significantly Below Fair Value: VICI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VICI is good value based on its PE Ratio (22.4x) compared to the REITs industry average (37.2x).
PE vs Market: VICI is poor value based on its PE Ratio (22.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: VICI is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: VICI is good value based on its PB Ratio (1.6x) compared to the US REITs industry average (2.1x).
How is VICI Properties forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VICI's forecast earnings growth (26.5% per year) is above the savings rate (1.7%).
Earnings vs Market: VICI's earnings (26.5% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VICI's revenue (17.9% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: VICI's revenue (17.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VICI's Return on Equity is forecast to be low in 3 years time (9.8%).
How has VICI Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VICI has high quality earnings.
Growing Profit Margin: VICI's current net profit margins (61%) are higher than last year (58.3%).
Past Earnings Growth Analysis
Earnings Trend: VICI's earnings have grown significantly by 63.9% per year over the past 5 years.
Accelerating Growth: VICI's earnings growth over the past year (4.3%) is below its 5-year average (63.9% per year).
Earnings vs Industry: VICI earnings growth over the past year (4.3%) underperformed the REITs industry 9.3%.
Return on Equity
High ROE: VICI's Return on Equity (6.9%) is considered low.
Return on Assets
Return on Capital Employed
How is VICI Properties's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: VICI has a low level of unsold assets or inventory.
Debt Coverage by Assets: VICI's debt is covered by short term assets (assets are 2.5x debt).
Financial Institutions Analysis
Asset Level: VICI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if VICI has a sufficient allowance for bad loans.
Low Risk Liabilities: VICI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if VICI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: VICI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if VICI has an appropriate level of bad loans.
What is VICI Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: VICI's dividend (4.23%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: VICI's dividend (4.23%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, VICI has been paying a dividend for less than 10 years.
Growing Dividend: VICI's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (85.4%), VICI's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VICI's dividends in 3 years are forecast to be thoroughly covered by earnings (0.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ed Pitoniak (63yo)
Mr. Edward Baltazar Pitoniak, also known as Ed, serves as the Chief Executive Officer and a Director of VICI Properties Inc. since October 6, 2017. Mr. Pitoniak served as Vice Chairman of Realterm, a priva ...
CEO Compensation Analysis
Compensation vs Market: Ed's total compensation ($USD3.57M) is below average for companies of similar size in the US market ($USD10.79M).
Compensation vs Earnings: Ed's compensation has increased by more than 20% in the past year.
|CEO & Director||2.3yrs||US$3.57m||0.052% $6.8m|
|President & COO||2.3yrs||US$3.57m||0.015% $2.0m|
|Executive VP & CFO||2.1yrs||US$2.22m||0.019% $2.5m|
|Executive VP||1.7yrs||US$1.61m||0.0074% $973.3k|
|Chief Accounting Officer||1.7yrs||no data||0.00098% $129.2k|
|Investor Relations of ICR Inc.||0yrs||no data||no data|
|Vice President of Finance||1.1yrs||no data||no data|
Experienced Management: VICI's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|CEO & Director||2.3yrs||US$3.57m||0.052% $6.8m|
|Independent Director||2.3yrs||US$252.15k||0.0096% $1.3m|
|Independent Director||2.3yrs||US$260.90k||0.0062% $816.3k|
|Chair of the Board||3.1yrs||US$308.40k||0.011% $1.5m|
|Independent Director||1.8yrs||US$150.92k||0.0029% $379.8k|
|Independent Director||2.1yrs||US$257.63k||0.0037% $488.0k|
|Independent Director||0yrs||no data||no data|
Experienced Board: VICI's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VICI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.5%.
VICI Properties Inc.'s company bio, employee growth, exchange listings and data sources
- Name: VICI Properties Inc.
- Ticker: VICI
- Exchange: NYSE
- Founded: 2016
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$13.188b
- Shares outstanding: 468.49m
- Website: https://www.viciproperties.com
Number of Employees
- VICI Properties Inc.
- 430 Park Avenue
- 8th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VICI||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 2017|
|1KN||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 2017|
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 24 gaming facilities comprising over 40 million square feet and features approximately 15,200 hotel rooms and more than 150 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment Corporation, Penn National Gaming, Inc. and Hard Rock International. 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 03:29|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.