Is SPG or VICI cheaper?

On trailing earnings, VICI is cheaper: SPG trades at a 15.26 P/E and VICI at 9.77.

Which has grown faster, SPG or VICI?

Over the past five years, VICI grew revenue faster — SPG at a 8.15% CAGR versus VICI at 24.66%.

Does SPG or VICI pay a bigger dividend?

SPG yields 4.02% and VICI yields 6.25% based on trailing dividends and the latest price.

Is SPG or VICI more profitable?

VICI runs the higher net margin — SPG at 70.40% versus VICI at 76.69%.

Which has been the better investment, SPG or VICI?

Over the past 5-year, SPG delivered the higher annualized total return — SPG at 6.24% versus VICI at 2.53%. Past performance doesn't predict future results.

Simon Property Group, Inc. (SPG) vs VICI Properties Inc. (VICI)

VICI leads on 12 of 17 compared metrics.

A side-by-side comparison of Simon Property Group, Inc. and VICI Properties Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

SPG

Simon Property Group, Inc.

Total return — SPG vs VICI

growth of $100 · last 9y

SPG +33.2%VICI +54.2%VICI compounded faster

SPG VICI

SPG vs VICI: by the numbers

•SPG is the larger company ($71.03B vs $30.71B market cap).
•VICI trades at the lower earnings multiple (9.77 vs 15.26 P/E).
•VICI converts more revenue to profit (76.69% vs 70.40% net margin).
•VICI grew revenue faster over the past five years (24.66% vs 8.15% CAGR).
•VICI pays the higher dividend yield (6.25% vs 4.02%).

Which is better, SPG or VICI?

Metric tally: SPG 5 · VICI 12

It depends on what you're optimizing for:

ValueVICI(lower P/E)

GrowthVICI(faster 5Y revenue CAGR)

IncomeVICI(higher dividend yield)

QualitySPG(higher ROIC)

Valuation

Metric	SPG	VICI
P/E ratio	15.26	9.77●
Forward P/E	31.77	9.71●
P/S ratio	10.68	7.53●
P/B ratio	14.61	1.08●
PEG ratio	0.14●	5.51
EV / EBITDA	12.90	11.94●
FCF yield	4.60%	8.37%●

Profitability

Metric	SPG	VICI
Gross margin	85.24%	99.22%●
Operating margin	48.28%	98.67%●
Net margin	70.40%	76.69%●
ROE	96.34%●	11.01%
ROIC	8.55%●	7.92%

Dividends

Metric	SPG	VICI
Dividend yield	4.02%	6.25%●
Payout ratio	62.23%	68.30%

Growth (annualized)

Metric	SPG	VICI
Revenue CAGR (5Y)	8.15%	24.66%●
EPS CAGR (5Y)	31.55%●	8.20%
FCF CAGR (5Y)	9.48%	23.10%●
Total return CAGR (5Y)	16.57%●	2.53%

Frequently asked

Which is better, SPG or VICI?: It depends on your goal. value: VICI (lower P/E); growth: VICI (faster 5Y revenue CAGR); income: VICI (higher dividend yield); quality: SPG (higher ROIC). Across all compared metrics, VICI leads 12 to 5.
Is SPG or VICI cheaper?: On trailing earnings, VICI is cheaper: SPG trades at a 15.26 P/E and VICI at 9.77.
Which has grown faster, SPG or VICI?: Over the past five years, VICI grew revenue faster — SPG at a 8.15% CAGR versus VICI at 24.66%.
Does SPG or VICI pay a bigger dividend?: SPG yields 4.02% and VICI yields 6.25% based on trailing dividends and the latest price.
Is SPG or VICI more profitable?: VICI runs the higher net margin — SPG at 70.40% versus VICI at 76.69%.
Which has been the better investment, SPG or VICI?: Over the past 5-year, SPG delivered the higher annualized total return — SPG at 6.24% versus VICI at 2.53%. Past performance doesn't predict future results.

Go deeper

Full SPG analysis Full VICI analysis Interactive comparison tool

Dig into the metrics

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

Simon Property & VICI Properties appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest ROE 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 June 13, 2026.