Essex Property Trust, Inc. (ESS) vs VICI Properties Inc. (VICI)
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 July 30, 2026. Differences are shown without an overall score or investment verdict.
ESS
Essex Property Trust, Inc.
$282.05Real EstateDelayed quote: Jul 30, 2026, 10:59 AM EDT
VICI
VICI Properties Inc.
$26.30Real EstateDelayed quote: Jul 30, 2026, 11:00 AM EDT
Total return — ESS vs VICI
growth of $100 · dividends reinvested · last 9yESS +54.9%VICI +130.6%VICI compounded faster
ESS VICI
ESS vs VICI: by the numbers
- •VICI is the larger company ($28.11B vs $18.13B market cap).
- •VICI trades at the lower trailing earnings multiple (10.52 vs 46.16 P/E), one valuation lens rather than an overall verdict.
- •VICI converts more revenue to profit (67.37% vs 12.33% net margin).
- •VICI grew revenue faster over the past five years (22.92% vs 6.01% CAGR).
- •VICI pays the higher dividend yield (6.63% vs 3.48%).
Metrics side by side
Valuation
| Metric | ESS | VICI |
|---|---|---|
| P/E ratio | 46.16 | 10.52 |
| Forward P/E | 49.85 | 9.20 |
| P/S ratio | 9.95 | 7.20 |
| P/B ratio | 3.49 | 1.01 |
| PEG ratio | 12.54 | 5.52 |
| EV / EBITDA | 19.20 | 10.12 |
Profitability
| Metric | ESS | VICI |
|---|---|---|
| Gross margin | 70.08% | 99.15% |
| Operating margin | 43.88% | 91.05% |
| Net margin | 12.33% | 67.37% |
| ROE | 4.46% | 9.48% |
| ROIC | 10.69% | 10.00% |
Dividends
| Metric | ESS | VICI |
|---|---|---|
| Dividend yield | 3.48% | 6.63% |
| Payout ratio | 99.14% | 68.97% |
Growth (annualized)
| Metric | ESS | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 6.01% | 22.92% |
| EPS CAGR (5Y) | 3.68% | 8.20% |
| Total return CAGR (5Y) | 1.46% | 2.80% |
Frequently asked
- Which has the lower trailing P/E, ESS or VICI?
- VICI has the lower trailing P/E: ESS trades at 46.16 and VICI at 10.52. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ESS or VICI?
- Over the past five years, VICI grew revenue faster — ESS at a 6.01% CAGR versus VICI at 22.92%.
- Does ESS or VICI pay a bigger dividend?
- ESS yields 3.48% and VICI yields 6.63% based on trailing dividends and the latest price.
- Is ESS or VICI more profitable?
- VICI runs the higher net margin — ESS at 12.33% versus VICI at 67.37%.
- How have ESS and VICI total returns compared?
- Over the past 5 years, ESS delivered 5.86% and VICI delivered 2.80% annualized total return. 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 July 30, 2026.