VICI

VICI Properties Inc.

Real Estate · $25.5B market cap

Verdict

Share price

$22.65

close of Oct 3, 2026

Fair value

$22.46

Sticker Price

Payback Price

$8.98

buy price

Fairly Valued

VICI is Fairly Valued: at $22.65 it's right at its fair value of $22.46. Its buy price (Payback Price) is $8.98, 60% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth31.9% a year✓
Equity per share growth6.7% a year✗
Sales growth29.1% a year✓
Free cash flow growth28.9% a year✓
Return on invested capital7.9%✗

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Superinvestors

1 of the investors we track holds VICI. In Q2 2026, 1 opened a position. Who we track

Moves in Q2 2026

New position: Sarah Ketterer

Insider activity

Since Jul 1, 2026: no open-market purchases and 6 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

About VICI Properties Inc.

VICI Properties functions as a specialized real estate investment trust dedicated to experiential properties. The company boasts an extensive collection of premier gaming, hospitality, and entertainment venues, notably including the globally recognized Caesars Palace. Its diverse and nationally distributed portfolio encompasses 29 gaming facilities, spanning over 48 million square feet. These sites collectively…

REIT - Diversified

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works