Kimco Realty Corporation (KIM) vs VICI Properties Inc. (VICI)
A side-by-side comparison of Kimco Realty Corporation and VICI Properties Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 3, 2026. Differences are shown without an overall score or investment verdict.
Total return — KIM vs VICI
growth of $100 · dividends reinvested · last 9yKIM vs VICI: by the numbers
- •VICI is the larger company ($24.94B vs $15.00B market cap).
- •VICI converts more revenue to profit (67.50% vs 27.73% net margin).
- •VICI grew revenue faster over the past five years (22.87% vs 14.73% CAGR).
- •VICI pays the higher dividend yield (7.95% vs 4.77%).
Metrics side by side
Valuation
| Metric | KIM | VICI |
|---|---|---|
| P/E ratio | 24.99 | 8.78 |
| Forward P/E | 26.34 | 8.20 |
| PEG ratio | N/A | 1.06 |
| P/S ratio | 6.86 | 6.09 |
| P/B ratio | 1.46 | 0.85 |
| EV / EBITDA | 16.45 | 11.67 |
| FCF yield | 5.72% | 10.57% |
For REITs like Kimco Realty Corporation, 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.
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
| Metric | KIM | VICI |
|---|---|---|
| Gross margin | 54.85% | 99.33% |
| Operating margin | 35.80% | 88.77% |
| Net margin | 27.73% | 67.50% |
| ROE | 5.91% | 9.48% |
| ROIC | 3.95% | 7.64% |
Dividends
| Metric | KIM | VICI |
|---|---|---|
| Dividend yield | 4.77% | 7.95% |
| Payout ratio | 119.10% | 69.77% |
Kimco Realty Corporation'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.
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)
| Metric | KIM | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 14.73% | 22.87% |
| EPS CAGR (5Y) | -18.16% | 8.20% |
| FCF CAGR (5Y) | 5.82% | N/A |
| Total return CAGR (5Y) | 5.02% | 0.53% |
Frequently asked
- Which has grown faster, KIM or VICI?
- Over the past five years, VICI grew revenue faster — KIM at a 14.73% CAGR versus VICI at 22.87%.
- Does KIM or VICI pay a bigger dividend?
- KIM yields 4.77% and VICI yields 7.95% based on trailing dividends and the latest price.
- Is KIM or VICI more profitable?
- VICI runs the higher net margin — KIM at 27.73% versus VICI at 67.50%.
- How have KIM and VICI total returns compared?
- Over the past 5 years, KIM delivered 5.02% and VICI delivered 0.53% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Kimco Realty & 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 October 3, 2026.