VICI Properties Inc. (VICI)
VICI Properties is a landlord that owns iconic entertainment and gaming destinations, including famous casinos and resorts along the Las Vegas Strip.
Is VICI Properties Inc. a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Very high profit margins due to the nature of long-term lease agreements. Worth weighing: Growth is generally slower compared to technology or high-growth sectors.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Share price divided by the earnings actually reported over the four most recent quarters. The range is the same calculation at each of this company's last few results, so roughly the past year.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does VICI Properties Inc. do?
VICI acts as a property owner for large-scale entertainment venues, collecting steady rent from the operators who run the casinos and hotels inside them. Because they own the physical buildings and land, they operate with very high profit margins and pass much of that income back to shareholders as dividends. Because VICI's income relies entirely on its tenants staying successful and paying rent on time, their performance is what to keep an eye on.
On our factor screen it looks strongest on quality and value, and weakest on momentum.
- ✓Pays a dividend - about 6.9% a year
- ✓Growing - revenue up about 6% over the year
- ✓Very profitable - turns about 67% of sales into profit
- ·Low P/E of 10 vs last year's earnings
- Value screens high
- Quality screens high
- Growth screens low
- Momentum screens low
Does VICI Properties Inc. pay a dividend?
Yes - VICI Properties Inc. currently pays a dividend of about 6.9% a year, which is £69 a year for every £1,000 invested (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it. An ISA doesn't shelter the US tax on this one →
What do the numbers say about VICI Properties Inc.'s dividend?
There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.
Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.
Most recent ex-dividend date: 18 Jun 2026. To receive a dividend you must already own the shares before the ex-dividend date; become a holder on or after it and the previous owner keeps that payment. Why the price usually falls that morning →
What do VICI Properties Inc.'s numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
Over about 2 years to 2026-09-11. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has VICI Properties Inc. actually fallen?
Over the last 2 years of daily prices, VICI Properties Inc. fell as much as −27% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Who owns VICI Properties Inc.?
About 98% of VICI Properties Inc., or about 98 in every 100 shares, is held by big institutions such as pension and index funds. The rest, roughly 2%, is held by the public and smaller investors.
What this does and doesn't tell you
This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does VICI Properties Inc. make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Where does each £100 of VICI Properties Inc.'s sales go?
A rough split of the latest full-year figures: of every £100 of sales, about £1 covers making the product or service, £32 goes on running costs, tax and interest, and about £67 is left as profit. Margins vary a lot by industry, and one-off items can distort a single year.
When does VICI Properties Inc. report earnings, and how did recent quarters go?
VICI Properties Inc. is next scheduled to report on about 2026-10-29 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-07-29 | $0.71 | $0.48 | Missed -32% |
| 2026-04-29 | $0.71 | $0.82 | Beat +15% |
| 2026-02-25 | $0.70 | $0.57 | Missed -19% |
| 2025-10-30 | $0.69 | $0.71 | Beat +3% |
| 2025-07-30 | $0.70 | $0.83 | Beat +18% |
| 2025-04-30 | $0.69 | $0.51 | Missed -25% |
Across the last 6 quarters here, VICI Properties Inc. came in ahead of what analysts expected 3 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for VICI Properties Inc.?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
The company successfully diversifies into new types of experiential real estate beyond casinos.
Structural shifts in how people spend their leisure time lead to lower demand for physical casino space.
What are the pros and cons of VICI Properties Inc.?
A balance check, not a score or verdict.
- Very high profit margins due to the nature of long-term lease agreements.
- Provides a significant and consistent income stream through dividends.
- Owns high-quality, difficult-to-replicate real estate assets.
- Growth is generally slower compared to technology or high-growth sectors.
- Highly sensitive to changes in interest rates, which affect borrowing costs.
- Concentration risk, as the business relies on a relatively small number of large tenants.
- If a major tenant faces financial trouble, it could threaten the company's rental income.
- Rising interest rates can make the dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone. look less attractive compared to bonds.
- Changes in gambling regulations or consumer habits could impact the value of the properties.
The write-up's own warning lights — if these start happening, the case above changes.
- A sustained period of falling interest rates that changes the appeal of income-paying stocks.
- A major shift in the company's strategy, such as selling off core assets or taking on excessive debt.
Common questions about VICI Properties Inc.
Does VICI Properties Inc. pay a dividend?
Yes - VICI Properties Inc. currently pays a dividend of about 6.9% a year. Dividends are a share of profit paid to holders; the yield moves with the price and payouts can be cut.
When does VICI Properties Inc. report earnings next?
VICI Properties Inc. is next scheduled to report results on about 2026-10-29. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
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Public StorageBuilt from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.