BlackRock Floating Rate Income Trust (BGT) vs VICI Properties Inc. (VICI)

A side-by-side comparison of BlackRock Floating Rate Income Trust and VICI Properties Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.

Compare
Different business models: BGT is classified in Financial Services; VICI is classified in Real Estate. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

Total returnBGT vs VICI

growth of $100 · dividends reinvested · last 9y
BGT +69.5% (+6.0%/yr)VICI +114.3% (+8.8%/yr)VICI compounded faster over this window
100150200250Start $1002019202120232025$170$214
BGT VICI

BGT vs VICI: by the numbers

  • VICI is the larger company ($27.34B vs $328M market cap).
  • BGT converts more revenue to profit (73.11% vs 67.50% net margin).
  • VICI grew revenue faster over the past five years (22.87% vs 1.46% CAGR).
  • BGT pays the higher dividend yield (13.17% vs 7.13%).

Metrics side by side

Valuation

MetricBGTVICI
P/E ratioN/A9.62
Forward P/EN/A8.92
P/S ratioN/A6.67
P/B ratio0.990.94
EV / EBITDAN/A12.33
FCF yieldN/A9.64%

For REITs like VICI Properties Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.

Profitability

MetricBGTVICI
Gross margin84.12%99.33%
Operating margin90.60%88.77%
Net margin73.11%67.50%
ROE7.53%9.48%
ROICN/A7.64%

Dividends

MetricBGTVICI
Dividend yield13.17%7.13%
Payout ratioN/A69.77%

VICI Properties Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.

Growth (annualized)

MetricBGTVICI
Revenue CAGR (5Y)1.46%22.87%
EPS CAGR (5Y)43.50%8.20%
FCF CAGR (5Y)N/A22.01%
Total return CAGR (5Y)6.66%2.05%

Frequently asked

Which has grown faster, BGT or VICI?
Over the past five years, VICI grew revenue faster — BGT at a 1.46% CAGR versus VICI at 22.87%.
Does BGT or VICI pay a bigger dividend?
BGT yields 13.17% and VICI yields 7.13% based on trailing dividends and the latest price.
Is BGT or VICI more profitable?
BGT runs the higher net margin — BGT at 73.11% versus VICI at 67.50%.
How have BGT and VICI total returns compared?
Over the past 5 years, BGT delivered 6.66% and VICI delivered 2.05% annualized total return. Past performance doesn't predict future results.

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 September 10, 2026.