VICI Properties Inc. (VICI) is a U.S.-domiciled real estate investment trust. Owns gaming, hospitality and other experiential properties leased to operating businesses, principally through long-term net leases.
Business
Experiential-property REIT
Listing
VICI · New York Stock Exchange
Reporting period
2026-06-30
Dividend schedule
Quarterly
How the business works
Property rent or mortgage-related income, less operating and financing costs, supplies cash resources. Realized gains, noncash accounting and taxable income can differ materially from cash available for dividends.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Adjusted FFO per diluted common share$0.62
Apr 1, 2026 to Jun 30, 2026
Dividend yield7.74%Current regular dividend rate divided by the 2026-10-23 closing price.Earnings yield10.23%2025 Q3 through 2026 Q2 earnings divided by the dated closing price.Trailing four-quarter earnings$2.432025 Q3 through 2026 Q2; Adjusted FFO per diluted common share.Annual dividend rate$1.84The latest regular payment rate expressed over a year. Extra dividends are excluded; future payments can change.Reported annual coverage135.00%Earnings and regular dividends from 2025 Q3 through 2026 Q2.
Dividend payment history
Date or month
Per share
Oct 8, 2026
$0.46
Jun 18, 2026 (ex-dividend)
$0.45
Mar 19, 2026 (ex-dividend)
$0.45
Dec 17, 2025 (ex-dividend)
$0.45
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Reported GAAP diluted earnings per common share; actual reporting period, not annualized$0.4800
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio. We prefer adjusted earnings for judging dividend support because they help show ongoing earning power. A comparable adjusted or recurring measure is unavailable for this period, so standard accounting (GAAP) earnings are shown.
Property rent or mortgage-related income, less operating and financing costs, supplies cash resources. Realized gains, noncash accounting and taxable income can differ materially from cash available for dividends.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
At 2026-06-30, VICI Properties Inc. reported $48.271 billion of total assets and $18.669 billion of total liabilities.
Liabilities represented 38.7% of reported assets. This broad balance-sheet measure includes more than borrowing and must not be read as a debt-to-equity ratio. Funding costs and asset losses can both reduce the earnings available to shareholders.
For 2026-04-01 to 2026-06-30, VICI Properties Inc. reported $1.059 billion of reported revenue, $526.521 million of gaap net income.
Each bar is a separately reported statement measure for the same quarter; the bars are not additive. GAAP net income is not substituted for distributable earnings or funds from operations. A maintained dividend must be assessed against the company’s relevant recurring earnings measure and financing requirements.
VICI Properties Inc. reported $0.4800 per share for 2026-04-01 to 2026-06-30, measured as Reported GAAP diluted earnings per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Income and capital are exposed to tenant concentration and the financial health of gaming and leisure operators.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Higher borrowing costs or reduced access to capital can weaken cash available to common shareholders.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
For VICI Properties Inc., follow Reported GAAP diluted earnings per common share; actual reporting period, not annualized in the next financial report, the announced cash distribution and financing costs. Key exposures to reassess: operating and investment risk, financing risk.
Fly High context
Assess recurring earning resources, credit or tenant performance and financing before interpreting the stated yield.
Public Research notes and limitations
The reported earnings figure retains its actual reporting period and is not annualized.
Final year-end tax reporting determines ordinary income, qualified dividends where applicable, capital gains and return of capital. Tax status alone does not classify every dollar paid.
Marketstack historical dividend-chart amounts are rounded to cents and are not a payment forecast.
VICI's 2025 company tax notice classifies 97.39% of common-share distributions as ordinary dividends and 2.61% as return of capital.
Total ordinary dividends
97.39%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
2.61%
Tax year: 2025. Total distributions: $1.75 per share.
Tax details and source
Total ordinary dividends (includes qualified)
97.39%
Section 199A portion (within ordinary dividends)
97.07%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-01-23
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
