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VICI Properties Inc. (VICI) company profile

VICINYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 18/3034% below fair value
$25.01+0.21 (+0.85%)

Close on Nov 13, 2026Market cap $27.54BP/E 11.5Yield 7.06%

About VICI Properties

Real Estate Investment Trusts, SIC 6798

VICI Properties Inc. is a real estate investment entity that owns, finances, and leases experiential, gaming, and hospitality properties, as well as golf courses such as Cascata Golf Course. The company structures long-term lease arrangements—primarily consisting of master leases, operating sub-leases, and finance sub-leases—and delivers financing solutions including senior secured loans, mezzanine debt, delayed-draw term loans, and preferred equity investments. Its key commercial tenants and partners include prominent gaming, entertainment, and hospitality operators such as MGM Resorts International, Caesars Entertainment Corporation, and PENN Entertainment.

The company's asset base and financial commitments span properties across the United States, including major casino assets along the Las Vegas Strip and regional venues across jurisdictions like Maryland, California, and Illinois, along with debt and credit instruments denominated in Canadian dollars and British pounds. In addition to its portfolio of entertainment real estate, the company operates dedicated corporate headquarters space and is incorporated in Maryland.

Summary of the business section of VICI Properties's latest annual report, written by StockData.

Company profile

Company

Legal name
VICI Properties Inc.
Founded
2017
Headquarters
New York, NY
Address
535 Madison Avenue, 28th Floor 10022
Phone
(646) 949-4631
Employees
152, Dec 31, 2021
Industry
Real Estate Investment Trusts
Incorporated in
Maryland
Fiscal year ends
December 31
Auditor
Deloitte & Touche LLP, New York, New York

Stock & identifiers

Ticker
VICI
Exchange
NYSE
IPO date
Jan 2, 2018
Shares outstanding
1.10B, Oct 27, 2026
Public float
$34.40B, Jun 30, 2025
Filer category
Large accelerated filer
SEC CIK
1705696
CUSIP
925652109
ISIN
US9256521090
FIGI
BBG00HVVB499
Share class FIGI
BBG00HVVB4B6
LEI
254900RKH6RY9KCJQH63
EIN
81-4177147

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Edward Baltazar PitoniakChief Executive Officer, Director1,291,210
Jeremy L. WaxmanChief Accounting Officer9,823
David Andrew KieskeChief Financial Officer417,500
John W. R. PaynePresident and COO474,365
Gabriel WassermanChief Accounting Officer41,838
Samantha Sacks GallagherGeneral Counsel and EVP368,018
Michael D. RumbolzDirector98,507
Elizabeth I. HollandDirector66,611
Diana F. CantorDirector67,191
Craig MacnabDirector82,694
Monica Howard DouglasDirector47,955
James R. AbrahamsonDirector183,171
John M. SullivanDirector5,854

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025$14.01M$11.63M$5.69M$143$138
FY2024$12.80M$9.74M$4.65M$141$134
FY2023$11.28M$12.45M$4.45M$145$123
FY2022$11.51M$19.13M$4.86M$140$108
FY2021$7.66M$11.60M$3.41M$124$143
FY2020$6.97M$9.03M$3.26M$106$92

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Executive compensation, fiscal 2025

Summary compensation table from the latest proxy statement

ExecutiveSalaryStock awardsIncentive payOtherTotalvs. prior year
Edward B. Pitoniak
Chief Executive Officer
$1.00M$8.48M$4.50M$28.28K$14.01M+9%
John W.R. Payne
President and Chief Operating Officer
$1.20M$2.49M$3.12M$18.70K$6.83M+21%
David A. Kieske
Executive Vice President, Chief Financial Officer and Treasurer
$650.00K$2.95M$1.89M$16.42K$5.50M+18%
Samantha S. Gallagher
Executive Vice President, General Counsel and Secretary
$620.00K$2.31M$1.80M$15.51K$4.74M+31%

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

IPO

From the final prospectus (Form 424B4) and the first day of trading

Offering

Type
Initial public offering
Final prospectus filed
Feb 2, 2018
Offer price
$20.00
Securities offered
60,500,000
Gross proceeds
$1.21B
Exchange
NYSE
Lock-up ends (est.)
Aug 1, 2018

“Per Share Total Initial public offering price $ 20.00 $ 1,210,000,000 Underwriting discounts and commissions to be paid by us (1) $ 1.15 $ 69,575,000 Proceeds, before expenses, to us $ 18.85 $ 1,140,425,000 (1) We refer you to “Underwriting” beginning on page 193 of this prospectus for additional information regard”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

Employees

Headcount reported in annual reports

“As of December 31, 2021, we employed approximately 152 employees, 105 of which are full-time.”

Corporate history

Events identified from SEC filings

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