Essex Property Trust, Inc. (ESS) vs VICI Properties Inc. (VICI)
VICI leads on 15 of 15 compared metrics.
A side-by-side comparison of Essex Property Trust, Inc. and VICI Properties Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
ESS
Essex Property Trust, Inc.
$283.75Real Estate
VICI
VICI Properties Inc.
$28.52Real Estate
Total return — ESS vs VICI
growth of $100 · last 9yESS +8.6%VICI +53.7%VICI compounded faster
ESS VICI
ESS vs VICI: by the numbers
- •VICI is the larger company ($30.71B vs $18.23B market cap).
- •VICI trades at the lower earnings multiple (9.77 vs 31.88 P/E).
- •VICI converts more revenue to profit (76.69% vs 30.17% net margin).
- •VICI grew revenue faster over the past five years (24.66% vs 5.52% CAGR).
- •VICI pays the higher dividend yield (6.25% vs 3.63%).
Which is better, ESS or VICI?
Metric tally: ESS 0 · VICI 15It depends on what you're optimizing for:
ValueVICI(lower P/E)
GrowthVICI(faster 5Y revenue CAGR)
IncomeVICI(higher dividend yield)
QualityVICI(higher ROIC)
Valuation
| Metric | ESS | VICI |
|---|---|---|
| P/E ratio | 31.88 | 9.77● |
| Forward P/E | 46.85 | 9.71● |
| P/S ratio | 9.59 | 7.53● |
| P/B ratio | 3.37 | 1.08● |
| PEG ratio | 8.66 | 5.51● |
| EV / EBITDA | 17.12 | 11.94● |
Profitability
| Metric | ESS | VICI |
|---|---|---|
| Gross margin | 69.44% | 99.22%● |
| Operating margin | 38.38% | 98.67%● |
| Net margin | 30.17% | 76.69%● |
| ROE | 10.59% | 11.01%● |
| ROIC | 6.13% | 7.92%● |
Dividends
| Metric | ESS | VICI |
|---|---|---|
| Dividend yield | 3.63% | 6.25%● |
| Payout ratio | 98.94% | 68.30% |
Growth (annualized)
| Metric | ESS | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 5.52% | 24.66%● |
| EPS CAGR (5Y) | 3.68% | 8.20%● |
| Total return CAGR (5Y) | 1.54% | 2.53%● |
Frequently asked
- Which is better, ESS or VICI?
- It depends on your goal. value: VICI (lower P/E); growth: VICI (faster 5Y revenue CAGR); income: VICI (higher dividend yield); quality: VICI (higher ROIC). Across all compared metrics, VICI leads 15 to 0.
- Is ESS or VICI cheaper?
- On trailing earnings, VICI is cheaper: ESS trades at a 31.88 P/E and VICI at 9.77.
- Which has grown faster, ESS or VICI?
- Over the past five years, VICI grew revenue faster — ESS at a 5.52% CAGR versus VICI at 24.66%.
- Does ESS or VICI pay a bigger dividend?
- ESS yields 3.63% and VICI yields 6.25% based on trailing dividends and the latest price.
- Is ESS or VICI more profitable?
- VICI runs the higher net margin — ESS at 30.17% versus VICI at 76.69%.
- Which has been the better investment, ESS or VICI?
- Over the past 5-year, ESS delivered the higher annualized total return — ESS at 6.54% versus VICI at 2.53%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Essex Property Trust P/E ratioVICI Properties P/E ratioEssex Property Trust dividend yieldVICI Properties dividend yieldEssex Property Trust ROEVICI Properties ROEEssex Property Trust operating marginVICI Properties operating marginEssex Property Trust revenue growthVICI Properties revenue growthEssex Property Trust free cash flowVICI Properties free cash flow
Essex Property Trust & 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 June 14, 2026.