Vici Properties
VICI Properties Inc. (NYSE: VICI) is a Maryland-based real estate investment trust that owns and acquires gaming, hospitality, wellness, entertainment and leisure destinations across North America. The company operates as a triple-net lease REIT, deriving substantially all revenues from long-term lease agreements with… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Vici Properties does
In the company’s own words
VICI Properties Inc. (NYSE: VICI) is a Maryland-based real estate investment trust that owns and acquires gaming, hospitality, wellness, entertainment and leisure destinations across North America. The company operates as a triple-net lease REIT, deriving substantially all revenues from long-term lease agreements with leading gaming and experiential operators. As of December 31, 2025, VICI owns 93 experiential assets comprising 54 gaming properties and 39 other experiential properties across 26 states and Canada, spanning approximately 127 million square feet with roughly 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. The company's portfolio includes iconic Las Vegas Strip properties such as Caesars Palace Las Vegas, MGM Grand and the Venetian Resort, alongside market-leading urban, destination and regional gaming facilities.
VICI's real estate debt investment portfolio totals approximately $2.6 billion in principal balance across senior secured notes, senior secured loans, and mezzanine loans with a weighted average interest rate of 9.1 percent. The company also owns four championship golf courses near certain properties, with two located in close proximity to the Las Vegas Strip. VICI conducts its real property business through VICI Properties OP LLC and its golf course business through VICI Golf LLC, a taxable REIT subsidiary.
The company's two largest tenants, Caesars Entertainment and MGM Resorts International, represent 39 percent and 35 percent respectively of annualized rent as of year-end 2025. VICI maintains 100 percent occupancy with a weighted average lease term of approximately 39.6 years including extension options. Approximately 42 percent of full-year 2025 rent and 90 percent of long-term rent feature CPI-linked escalation provisions. The company employs 28 full-time employees and maintains investment-grade credit ratings from all three major rating agencies. VICI was added to the S&P 500 Index in June 2022, representing the shortest time from IPO to S&P 500 inclusion for any REIT. The company's website is located at www.viciproperties.com.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- NEW YORK, NY
- Fiscal year end
- December
- CIK
- 1705696
- SIC
- 6798
Financial performance, year by year
Fiscal 2017–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Vici Properties — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Vici Properties’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Vici Properties’s bonds, as funds hold them
Funds report holding 17 issues of Vici Properties’s debt, $2.60B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.07%, maturing 2026 to 2054.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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