VICI Properties Inc. (VICI) company profile
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
- Website
- viciproperties.com
- 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
| Name | Position | Shares owned |
|---|---|---|
| Edward Baltazar Pitoniak | Chief Executive Officer, Director | 1,291,210 |
| Jeremy L. Waxman | Chief Accounting Officer | 9,823 |
| David Andrew Kieske | Chief Financial Officer | 417,500 |
| John W. R. Payne | President and COO | 474,365 |
| Gabriel Wasserman | Chief Accounting Officer | 41,838 |
| Samantha Sacks Gallagher | General Counsel and EVP | 368,018 |
| Michael D. Rumbolz | Director | 98,507 |
| Elizabeth I. Holland | Director | 66,611 |
| Diana F. Cantor | Director | 67,191 |
| Craig Macnab | Director | 82,694 |
| Monica Howard Douglas | Director | 47,955 |
| James R. Abrahamson | Director | 183,171 |
| John M. Sullivan | Director | 5,854 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer 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
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. 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
| Date | Event | Details |
|---|---|---|
| Dec 5, 2025 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Apr 29, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 23, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Sep 8, 2021 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jul 21, 2020 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 24, 2020 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Sep 25, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 29, 2018 | Listing | Registration of securities on an exchange (Form 8-A) |
| Dec 26, 2017 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 11, 2017 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
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