Vici Properties (VICI)
NYSEReal EstateReit - DiversifiedSnapshot 2026-11-05
$25.21-0.16%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - DiversifiedSnapshot 2026-11-05
QuarterlyIQ Insights · VICI
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within real estate on a research-validated quality screen. As of 2026-11-05.
The screen ranks VICI against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 2 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated neutral grew net income 51% of the time over the next year (vs 56% for the rest of the cohort, n=3680).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
The weighted average interest rate for the August 2026 Notes is 5.570%, and the adjusted weighted average interest rate, after taking into account the impact of forward-starting interest rate swaps a…
Stated in 3 of 4 supplied quarters. Management reported: “Third Quarter 2026 and Subsequent Capital Markets Activity On August 5, 2026, VICI priced the offering of $1.75 billion aggregate principal amount of senior unsecured notes (the “August 2026 Notes”).” “The weighted average interest rate for the August 2026 Notes is 5.570%, and the adjusted weighted average interest rate, after taking into account the impact of forward-starting interest rate swaps and treasury locks, is 5.422%.”
“The weighted average interest rate for the August 2026 Notes is 5.570%, and the adjusted weighted average interest rate, after taking into account the impact of forward-starting interest rate swaps a…”
“Furthermore, in the second quarter, we grew our quarterly revenue by 5.7% and our AFFO per share by 4.6% year-over-year, and we remain confident that VICI’s partner-driven model will continue to gene…”
“First Quarter 2026 Financial and Operating Highlights • Total revenues increased 3.5% year-over-year to $1.0 billion • Net income attributable to common stockholders increased 60.5% year-over-year to…”
During the nine months ended September 30, 2026, VICI entered into a combination of forward-starting interest rate swap agreements and treasury locks with an aggregate notional amount of $1.1 billion.
Stated in 3 of 4 supplied quarters. Management reported: “During the nine months ended September 30, 2026, VICI entered into a combination of forward-starting interest rate swap agreements and treasury locks with an aggregate notional amount of $1.1 billion.”
“During the nine months ended September 30, 2026, VICI entered into a combination of forward-starting interest rate swap agreements and treasury locks with an aggregate notional amount of $1.1 billion.”
On August 14, 2026, VICI issued the August 2026 Notes comprised of (i) $900.0 million aggregate principal amount of 5.400% Senior Notes due 2031, which mature on October 15, 2031, and (ii) $850.0 mil…
Stated in 2 of 4 supplied quarters. Management reported: “On August 14, 2026, VICI issued the August 2026 Notes comprised of (i) $900.0 million aggregate principal amount of 5.400% Senior Notes due 2031, which mature on October 15, 2031, and (ii) $850.0 million aggregate principal amount of 5.750% Senior Notes due 2036, which mature on October 15, 2036.” “The year-over-year change in FFO attributable to common stockholders was primarily related, on an absolute basis, to the $51.2 million aggregate change in the CECL allowance from the year ended December 31, 2024 to the year ended December 31, 2025.”
The net proceeds of the August 2026 Notes were used to redeem the then-outstanding (i) $480.5 million aggregate principal amount of 4.500% Exchange Notes due 2026, (ii) $1,250.0 million aggregate pri…
Stated in 2 of 4 supplied quarters. Management reported: “The net proceeds of the August 2026 Notes were used to redeem the then-outstanding (i) $480.5 million aggregate principal amount of 4.500% Exchange Notes due 2026, (ii) $1,250.0 million aggregate principal amount of 4.250% November 2019 Notes due 2026, and (iii) $19.5 million aggregate principal amount of 4.500% MGP OP Notes due 2026.” “Fourth Quarter 2025 and Full Year 2025 Capital Markets and Subsequent Activity On February 3, 2025, the Company entered into a new $2.5 billion multicurrency unsecured revolving credit facility (the “Revolving Credit Facility”) replacing the prior unsecured revolving credit facility of the same size.”
Continue to grow and diversify tenant roster through acquisitions and new lease agreements with experienced operators.
Over the trailing year it converted 0.85x of net income into operating cash flow. Historically, Real Estate names rated fragile grew net income 31% of the time over the next year (vs 60% for the rest of the cohort, n=2193).
Most sensitive to the US dollar and real (inflation-adjusted) rates.
Not enough signal to read sensitivity to the broad stock market, Fed net liquidity (low R² over the window).
14 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Real Estate names rated neutral grew net income 56% of the time over the next year (vs 55% for the rest of the cohort, n=3851).
Not investment advice. As of 2026-11-05.
“As part of the transaction, VICI will fund approximately $55.2 million for redevelopment of the property • Completed the acquisition of two gaming assets and two adjacent limited-service hotels in Al…”
“On March 30, 2026, VICI announced the CAD$200.6 million / USD$144.4 million (based on the exchange rate at the time of announcement) pending acquisition (the “Gamehost Real Estate Transaction”) of th…”
“On August 14, 2026, VICI issued the August 2026 Notes comprised of (i) $900.0 million aggregate principal amount of 5.400% Senior Notes due 2031, which mature on October 15, 2031, and (ii) $850.0 mil…”
“The year-over-year change in FFO attributable to common stockholders was primarily related, on an absolute basis, to the $51.2 million aggregate change in the CECL allowance from the year ended Decem…”
“The net proceeds of the August 2026 Notes were used to redeem the then-outstanding (i) $480.5 million aggregate principal amount of 4.500% Exchange Notes due 2026, (ii) $1,250.0 million aggregate pri…”
“Fourth Quarter 2025 and Full Year 2025 Capital Markets and Subsequent Activity On February 3, 2025, the Company entered into a new $2.5 billion multicurrency unsecured revolving credit facility (the…”