Terreno Realty Corporation (TRNO) vs VICI Properties Inc. (VICI)
VICI leads on 13 of 17 compared metrics.
A side-by-side comparison of Terreno Realty Corporation 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).
TRNO
Terreno Realty Corporation
$67.27Real Estate
VICI
VICI Properties Inc.
$28.52Real Estate
Total return — TRNO vs VICI
growth of $100 · last 9yTRNO +83.0%VICI +53.7%TRNO compounded faster
TRNO VICI
TRNO vs VICI: by the numbers
- •VICI is the larger company ($30.71B vs $7.15B market cap).
- •VICI trades at the lower earnings multiple (9.77 vs 16.49 P/E).
- •TRNO converts more revenue to profit (86.52% vs 76.69% net margin).
- •VICI grew revenue faster over the past five years (24.66% vs 20.57% CAGR).
- •VICI pays the higher dividend yield (6.25% vs 3.05%).
Which is better, TRNO or VICI?
Metric tally: TRNO 4 · VICI 13It 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 | TRNO | VICI |
|---|---|---|
| P/E ratio | 16.49 | 9.77● |
| Forward P/E | 40.04 | 9.71● |
| P/S ratio | 14.43 | 7.53● |
| P/B ratio | 1.65 | 1.08● |
| PEG ratio | 0.14● | 5.51 |
| EV / EBITDA | 13.82 | 11.94● |
| FCF yield | 2.87% | 8.37%● |
Profitability
| Metric | TRNO | VICI |
|---|---|---|
| Gross margin | 63.89% | 99.22%● |
| Operating margin | 40.81% | 98.67%● |
| Net margin | 86.52%● | 76.69% |
| ROE | 9.88% | 11.01%● |
| ROIC | 3.66% | 7.92%● |
Dividends
| Metric | TRNO | VICI |
|---|---|---|
| Dividend yield | 3.05% | 6.25%● |
| Payout ratio | 52.16% | 68.30% |
Growth (annualized)
| Metric | TRNO | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 20.57% | 24.66%● |
| EPS CAGR (5Y) | 35.52%● | 8.20% |
| FCF CAGR (5Y) | 22.41% | 23.10%● |
| Total return CAGR (5Y) | 3.07%● | 2.53% |
Frequently asked
- Which is better, TRNO 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 13 to 4.
- Is TRNO or VICI cheaper?
- On trailing earnings, VICI is cheaper: TRNO trades at a 16.49 P/E and VICI at 9.77.
- Which has grown faster, TRNO or VICI?
- Over the past five years, VICI grew revenue faster — TRNO at a 20.57% CAGR versus VICI at 24.66%.
- Does TRNO or VICI pay a bigger dividend?
- TRNO yields 3.05% and VICI yields 6.25% based on trailing dividends and the latest price.
- Is TRNO or VICI more profitable?
- TRNO runs the higher net margin — TRNO at 86.52% versus VICI at 76.69%.
- Which has been the better investment, TRNO or VICI?
- Over the past 5-year, TRNO delivered the higher annualized total return — TRNO at 13.47% versus VICI at 2.53%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Terreno Realty P/E ratioVICI Properties P/E ratioTerreno Realty dividend yieldVICI Properties dividend yieldTerreno Realty ROEVICI Properties ROETerreno Realty operating marginVICI Properties operating marginTerreno Realty revenue growthVICI Properties revenue growthTerreno Realty free cash flowVICI Properties free cash flow
Terreno 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 June 13, 2026.