MARKETS / NYSE / VICI
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Vici Properties Inc. VICI

9 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$4.0B
▲ 4.1% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$2.61
Dividend / sh · FY25
$1.76
Payout · FY25
67%
ROE · FY25
10.2%
Net margin · FY25
69.3%
Dividend coverage
1.5×
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Result
USD 4.0B
Revenue, FY2025 · full 9-year series below
Revenue Net income
2464.02.82017202020232025
2464.02.82017202020232025

69 cents of every revenue dollar became profit this year.

Per share
USD 2.61
Diluted EPS, FY2025
EPS Dividend
1231.762.612017202020232025
1231.762.612017202020232025

Earnings covered the dividend 1.5 times — the rest stayed in the company.

Profitability
10.2%
Return on equity, FY2025
ROE
481210.2%2017202020232025
481210.2%2017202020232025
Operating margin70.4%
Net margin69.3%
Return on assets6.0%

Each USD of equity produced 10 cents of profit this year.

Returned to shareholders
USD 1.9B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 1.9B
Net buybacks
Share of profit66.8%
Consecutive raises3 years

USD 1.9B in dividends — 67% of the year's profit went back to shareholders.

Growth
+26.7% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+15.5%
+26.7%
Net income
+35.4%
+25.5%
EPS, diluted
+27.1%
Dividend / share
+5.6%
Returned to shareholders
+15.0%
+24.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
1.07B
Shares outstanding, FY2025
0.301.072017202020232025
0.301.072017202020232025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 46.7B
total assets, end of FY2025
Total assetsUSD 46.7B
EquityUSD 27.8B
CashUSD 563.5M
Gross debtUSD 16.8B
Net debtUSD 16.2B

Net debt stands at 58% of equity.

History
9 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue $B
4.0
3.8
3.6
2.6
1.5
1.2
0.9
0.9
0.2
Operating income $B
2.8
2.7
2.5
1.1
1.0
0.9
0.6
0.1
0.1
EBITDA $B
2.8
2.7
2.6
1.1
1.0
0.9
0.6
0.1
0.1
Income tax $B
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
−0.0
Net income $B
2.8
2.7
2.5
1.1
1.0
0.9
0.5
0.5
0.0
EPS, diluted $
2.61
2.56
2.47
1.27
1.76
1.75
1.24
1.43
·
Dividend / sh $
1.76
1.70
1.61
1.50
1.38
1.25
1.17
1.00
·
Payout %
67
65
63
109
75
69
92
50
·
ROE %
10.2
10.3
10.7
6.6
9.4
10.3
7.4
9.1
0.9
Shares out B
1.07
1.06
1.04
0.96
0.63
0.54
0.46
0.40
0.30

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
17 of 17
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed