VICI Properties VICI · USD
Real Estate · Equity Real Estate Investment Trusts (REITs) · US listing · 🇺🇸 United States
S&P 500
25.16
+1.49%
Close of 9 Nov 2026, in USD
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About VICI Properties
From its filings with the US Securities and Exchange Commission
VICI Properties is based in New York, New York and is incorporated in Maryland. Its shares trade on NYSE under the ticker VICI. It is a member of the S&P 500. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $4.01bn and net income of $2.78bn. At that date it held total assets of $46.72bn and shareholders' equity of $27.80bn.
We also have a growing array of real estate and financing partnerships with leading developers and operators in other experiential sectors, including Cabot, Cain, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, Kalahari Resorts and Lucky Strike Entertainment. This portfolio includes certain real estate debt investments which were originated for strategic purposes, including (i) the potential to convert our investment into the ownership of the underlying real estate, (ii) the opportunity to develop relationships with owners and operators that may lead to other investments in experiential asset classes that fit within our investment policies and objectives, and (iii) the ability to make investments in experiential asset classes outside of gaming with a goal of increasing our investment activity in these asset classes over time. In addition, we own approximately 33 acres of undeveloped or underdeveloped land on and adjacent to the Las Vegas Strip that is leased to Caesars Entertainment, Inc. (together with, as the context requires, its subsidiaries, “Caesars”), which we may look to monetize as appropriate. VICI also owns four championship golf courses located near certain of our properties, two of which are in close proximity to the Las Vegas Strip.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 17 Oct 2017
- Employees
- 28
- Website
- viciproperties.com ↗
- Head office
- 535 MADISON AVENUE, 28TH FLOOR, NEW YORK, NY, 10022
- Incorporated in
- MD
- Classification
- Real Estate Investment Trusts
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. James AbrahamsonIndependent Chairman of the Board$440,028
- Mr. John PaynePresident, Chief Operating Officer$5.7m
- Mr. Edward PitoniakChief Executive Officer, Director, since 2017$12.8m
- Mr. David KieskeChief Financial Officer, Executive Vice President, Treasurer$4.7m
- Ms. Samantha GallagherExecutive Vice President, General Counsel, Secretary$3.6m
- Ms. Diana CantorIndependent Director$350,000
- Ms. Monica DouglasIndependent Director$310,000
- Ms. Elizabeth HollandIndependent Director$340,000
- Mr. Craig MacnabIndependent Director$345,000
- Mr. Michael RumbolzIndependent Director$320,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 82
- Environment
- 99
- Social
- 81
- Governance
- 65
- Direct emissions (scope 1)
- 524 t
- Energy emissions (scope 2)
- 2,104 t
- Women in the workforce
- 48%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- VICI Properties Inc has a strong portfolio of properties across various segments, including gaming, hospitality, and entertainment. This diversification helps to mitigate risks associated with a single industry and provides stability to their revenue streams.
- The company owns and operates prime real estate assets, including premier casinos, hotels, and convention centers. These properties are located in strategic locations, which enhances their attractiveness and potential for generating solid returns on investment.
- VICI Properties Inc has secured long-term lease agreements with reputable tenants, ensuring a steady and predictable cash flow for the company. These lease contracts often include rental escalations, providing potential for increased revenues over time.
Weaknesses
- As a real estate investment trust (REIT), VICI Properties Inc relies heavily on tenants to lease their properties. Any financial difficulties or bankruptcy faced by major tenants could negatively impact the company's rental income and occupancy rates.
- The company's performance is closely tied to the overall economic conditions, particularly in the gaming and hospitality sectors. During recessions or economic downturns, consumer discretionary spending on entertainment and leisure activities tends to decline, which could affect VICI Properties Inc's financial performance.
Opportunities
- VICI Properties Inc can explore opportunities to expand its portfolio by acquiring additional high-quality properties in lucrative markets. This could help to increase their market share and diversify their revenue streams even further.
- The increasing popularity of online gaming presents an opportunity for VICI Properties Inc to collaborate with gaming companies and provide physical spaces for their operations. This could tap into a growing market and create additional leasing opportunities.
Threats
- The gaming and hospitality industries are subject to strict regulations and licensing requirements. Any adverse changes in regulations or new restrictions imposed by regulatory authorities could impact the company's operations and profitability.
- VICI Properties Inc faces competition from other major players in the real estate and gaming sectors. Increased competition may impact their ability to secure desirable properties, negotiate favorable lease terms, or maintain high occupancy rates.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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