AvalonBay Communities, Inc. (AVB) vs VICI Properties Inc. (VICI)
A side-by-side comparison of AvalonBay Communities, Inc. and VICI Properties Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
AVB
AvalonBay Communities, Inc.
$190.39Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
VICI
VICI Properties Inc.
$27.10Real EstateDelayed quote: Jul 28, 2026, 4:02 PM EDT
Total return — AVB vs VICI
growth of $100 · dividends reinvested · last 9yAVB +41.7%VICI +127.4%VICI compounded faster
AVB VICI
AVB vs VICI: by the numbers
- •VICI is the larger company ($28.97B vs $27.05B market cap).
- •VICI trades at the lower trailing earnings multiple (9.16 vs 23.33 P/E), one valuation lens rather than an overall verdict.
- •VICI converts more revenue to profit (76.69% vs 37.27% net margin).
- •VICI grew revenue faster over the past five years (24.66% vs 6.36% CAGR).
- •VICI pays the higher dividend yield (6.73% vs 3.76%).
Metrics side by side
Valuation
| Metric | AVB | VICI |
|---|---|---|
| P/E ratio | 23.33 | 9.16 |
| Forward P/E | 31.06 | 9.08 |
| P/S ratio | 8.62 | 7.06 |
| P/B ratio | 2.30 | 1.01 |
| PEG ratio | 5.00 | 5.52 |
| EV / EBITDA | 19.57 | 11.46 |
Profitability
| Metric | AVB | VICI |
|---|---|---|
| Gross margin | 67.92% | 99.22% |
| Operating margin | 29.15% | 98.67% |
| Net margin | 37.27% | 76.69% |
| ROE | 9.94% | 11.01% |
| ROIC | 4.31% | 8.77% |
Dividends
| Metric | AVB | VICI |
|---|---|---|
| Dividend yield | 3.76% | 6.73% |
| Payout ratio | 95.41% | 68.97% |
Growth (annualized)
| Metric | AVB | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 6.36% | 24.66% |
| EPS CAGR (5Y) | 4.67% | 8.20% |
| Total return CAGR (5Y) | -0.50% | 2.02% |
Frequently asked
- Which has the lower trailing P/E, AVB or VICI?
- VICI has the lower trailing P/E: AVB trades at 23.33 and VICI at 9.16. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AVB or VICI?
- Over the past five years, VICI grew revenue faster — AVB at a 6.36% CAGR versus VICI at 24.66%.
- Does AVB or VICI pay a bigger dividend?
- AVB yields 3.76% and VICI yields 6.73% based on trailing dividends and the latest price.
- Is AVB or VICI more profitable?
- VICI runs the higher net margin — AVB at 37.27% versus VICI at 76.69%.
- How have AVB and VICI total returns compared?
- Over the past 5 years, AVB delivered 3.88% and VICI delivered 2.02% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
AvalonBay Communities P/E ratioVICI Properties P/E ratioAvalonBay Communities dividend yieldVICI Properties dividend yieldAvalonBay Communities ROEVICI Properties ROEAvalonBay Communities operating marginVICI Properties operating marginAvalonBay Communities revenue growthVICI Properties revenue growthAvalonBay Communities free cash flowVICI Properties free cash flow
AvalonBay Communities & 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 July 28, 2026.