Which has the lower trailing P/E, NNN or VICI?

VICI has the lower trailing P/E: NNN trades at 23.89 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, NNN or VICI?

Over the past five years, VICI grew revenue faster — NNN at a 7.06% CAGR versus VICI at 24.66%.

Does NNN or VICI pay a bigger dividend?

NNN yields 4.88% and VICI yields 6.73% based on trailing dividends and the latest price.

Is NNN or VICI more profitable?

VICI runs the higher net margin — NNN at 41.38% versus VICI at 76.69%.

How have NNN and VICI total returns compared?

Over the past 5 years, NNN delivered 4.31% and VICI delivered 2.02% annualized total return. Past performance doesn't predict future results.

NNN REIT, Inc. (NNN) vs VICI Properties Inc. (VICI)

A side-by-side comparison of NNN REIT, 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.

NNN

NNN REIT, Inc.

$9.37B

$49.23Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT

VICI

VICI Properties Inc.

$28.97B

$27.10Real EstateDelayed quote: Jul 28, 2026, 4:02 PM EDT

Total return — NNN vs VICI

growth of $100 · dividends reinvested · last 9y

NNN +82.6%VICI +127.4%VICI compounded faster

NNN VICI

NNN vs VICI: by the numbers

•VICI is the larger company ($28.97B vs $9.37B market cap).
•VICI trades at the lower trailing earnings multiple (9.16 vs 23.89 P/E), one valuation lens rather than an overall verdict.
•VICI converts more revenue to profit (76.69% vs 41.38% net margin).
•VICI grew revenue faster over the past five years (24.66% vs 7.06% CAGR).
•VICI pays the higher dividend yield (6.73% vs 4.88%).

Metrics side by side

Valuation

Metric	NNN	VICI
P/E ratio	23.89	9.16
Forward P/E	24.30	9.08
P/S ratio	9.96	7.06
P/B ratio	2.12	1.01
PEG ratio	2.14	5.52
EV / EBITDA	16.38	11.46

Profitability

Metric	NNN	VICI
Gross margin	38.00%	99.22%
Operating margin	63.13%	98.67%
Net margin	41.38%	76.69%
ROE	8.81%	11.01%
ROIC	6.39%	8.77%

Dividends

Metric	NNN	VICI
Dividend yield	4.88%	6.73%
Payout ratio	115.94%	68.97%

Growth (annualized)

Metric	NNN	VICI
Revenue CAGR (5Y)	7.06%	24.66%
EPS CAGR (5Y)	11.15%	8.20%
Total return CAGR (5Y)	5.52%	2.02%

Frequently asked

Which has the lower trailing P/E, NNN or VICI?: VICI has the lower trailing P/E: NNN trades at 23.89 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, NNN or VICI?: Over the past five years, VICI grew revenue faster — NNN at a 7.06% CAGR versus VICI at 24.66%.
Does NNN or VICI pay a bigger dividend?: NNN yields 4.88% and VICI yields 6.73% based on trailing dividends and the latest price.
Is NNN or VICI more profitable?: VICI runs the higher net margin — NNN at 41.38% versus VICI at 76.69%.
How have NNN and VICI total returns compared?: Over the past 5 years, NNN delivered 4.31% and VICI delivered 2.02% annualized total return. Past performance doesn't predict future results.

Go deeper

Full NNN analysis Full VICI analysis Interactive comparison tool

Dig into the metrics

NNN REIT P/E ratio VICI Properties P/E ratio NNN REIT dividend yield VICI Properties dividend yield NNN REIT ROE VICI Properties ROE NNN REIT operating margin VICI Properties operating margin NNN REIT revenue growth VICI Properties revenue growth NNN REIT free cash flow VICI Properties free cash flow

NNN REIT & VICI Properties appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Fastest Revenue Growth Stocks Highest Operating Margin Stocks

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.