Vici Properties
VICI Properties Inc. (NYSE: VICI) is a real estate investment trust that owns and acquires gaming, hospitality, wellness, entertainment and leisure properties, primarily leasing them to operators under long-term triple-net agreements. Tenants operate the properties and are responsible for operating costs, maintenance,… From the company’s description.
In fiscal 2025, Vici Properties reported revenue of $4.01B, up 4.1% from fiscal 2024, and net income of $2.82B. Its operating margin was 91.1%, and operations generated $2.51B in cash. Over the twelve months to Jun 30, 2026, revenue was $4.10B.
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 real estate investment trust that owns and acquires gaming, hospitality, wellness, entertainment and leisure properties, primarily leasing them to operators under long-term triple-net agreements. Tenants operate the properties and are responsible for operating costs, maintenance, insurance and property taxes; VICI also makes real estate loans and owns four golf courses. Its portfolio includes 93 experiential properties across the United States and Canada as of December 31, 2025: 54 gaming properties and 39 other experiential properties. Gaming assets include Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas; other properties include bowling centers operated by Lucky Strike and Chelsea Piers. VICI’s real property business is conducted through its operating partnership, while its golf course business operates through a taxable subsidiary. The company reports as a triple-net lease REIT, rather than describing separate reportable business segments. Its properties span approximately 127 million square feet and include about 60,300 hotel rooms. VICI generates more than $4 billion in revenue in fiscal 2025.
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.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do Vici Properties and its peers compare on margins and cash generation over ten years?”
- “Where did five years of Vici Properties's earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in Vici Properties's last four quarterly filings that the numbers alone won't show?”