Alexandria Real Estate Equities, Inc. (ARE) vs VICI Properties Inc. (VICI)
A side-by-side comparison of Alexandria Real Estate Equities, Inc. and VICI Properties Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 1, 2026. Differences are shown without an overall score or investment verdict.
ARE
Alexandria Real Estate Equities, Inc.
$51.45Real EstateAt close: Jul 31, 2026, 4:00 PM ET
VICI
VICI Properties Inc.
$26.35Real EstateAt close: Jul 31, 2026, 4:00 PM ET
Total return — ARE vs VICI
growth of $100 · dividends reinvested · last 9yARE -41.9%VICI +124.0%VICI compounded faster
ARE VICI
ARE vs VICI: by the numbers
- •VICI is the larger company ($29.01B vs $8.97B market cap).
- •VICI is profitable (67.37% net margin) while ARE runs a net loss (-35.30%).
- •VICI grew revenue faster over the past five years (22.92% vs 8.60% CAGR).
- •VICI pays the higher dividend yield (6.83% vs 6.76%).
Metrics side by side
Valuation
| Metric | ARE | VICI |
|---|---|---|
| P/E ratio | N/A | 10.21 |
| Forward P/E | 23.93 | 8.94 |
| P/S ratio | 3.34 | 7.00 |
| P/B ratio | 0.62 | 0.98 |
| PEG ratio | N/A | 5.52 |
| EV / EBITDA | 298.17 | 9.82 |
| FCF yield | 14.47% | 9.19% |
Profitability
| Metric | ARE | VICI |
|---|---|---|
| Gross margin | 68.25% | 99.15% |
| Operating margin | -42.76% | 91.05% |
| Net margin | -35.30% | 67.37% |
| ROE | -6.50% | 9.48% |
| ROIC | -4.40% | 10.00% |
Dividends
| Metric | ARE | VICI |
|---|---|---|
| Dividend yield | 6.76% | 6.83% |
| Payout ratio | N/A | 68.97% |
Growth (annualized)
| Metric | ARE | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 8.60% | 22.92% |
| EPS CAGR (5Y) | N/A | 8.20% |
| FCF CAGR (5Y) | 9.24% | 22.01% |
| Total return CAGR (5Y) | -20.43% | 2.07% |
Frequently asked
- Which has grown faster, ARE or VICI?
- Over the past five years, VICI grew revenue faster — ARE at a 8.60% CAGR versus VICI at 22.92%.
- Does ARE or VICI pay a bigger dividend?
- ARE yields 6.76% and VICI yields 6.83% based on trailing dividends and the latest price.
- Is ARE or VICI more profitable?
- VICI runs the higher net margin — ARE at -35.30% versus VICI at 67.37%.
- How have ARE and VICI total returns compared?
- Over the past 5 years, ARE delivered -4.11% and VICI delivered 2.07% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Alexandria Real Estate Equities P/E ratioVICI Properties P/E ratioAlexandria Real Estate Equities dividend yieldVICI Properties dividend yieldAlexandria Real Estate Equities ROEVICI Properties ROEAlexandria Real Estate Equities operating marginVICI Properties operating marginAlexandria Real Estate Equities revenue growthVICI Properties revenue growthAlexandria Real Estate Equities free cash flowVICI Properties free cash flow
Alexandria Real Estate Equities & VICI Properties appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 1, 2026.