VICI Properties Inc. (VICI) vs Ventas, Inc. (VTR)
A side-by-side comparison of VICI Properties Inc. and Ventas, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
Total return — VICI vs VTR
growth of $100 · dividends reinvested · last 9yVICI vs VTR: by the numbers
- •VTR is the larger company ($43.75B vs $27.34B market cap).
- •VICI converts more revenue to profit (67.50% vs 4.13% net margin).
- •VICI grew revenue faster over the past five years (22.87% vs 11.91% CAGR).
- •VICI pays the higher dividend yield (7.13% vs 2.24%).
Metrics side by side
Valuation
| Metric | VICI | VTR |
|---|---|---|
| P/E ratio | 9.62 | 166.63 |
| Forward P/E | 8.92 | 154.38 |
| P/S ratio | 6.67 | 6.79 |
| P/B ratio | 0.94 | 2.99 |
| EV / EBITDA | 12.33 | 24.66 |
| FCF yield | 9.64% | N/A |
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.
For REITs like Ventas, 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 | VICI | VTR |
|---|---|---|
| Gross margin | 99.33% | -2.58% |
| Operating margin | 88.77% | 12.94% |
| Net margin | 67.50% | 4.13% |
| ROE | 9.48% | 1.82% |
| ROIC | 7.64% | 2.81% |
Dividends
| Metric | VICI | VTR |
|---|---|---|
| Dividend yield | 7.13% | 2.24% |
| Payout ratio | 69.77% | 370.37% |
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.
Ventas, 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 | VICI | VTR |
|---|---|---|
| Revenue CAGR (5Y) | 22.87% | 11.91% |
| EPS CAGR (5Y) | 8.20% | -14.16% |
| FCF CAGR (5Y) | 22.01% | 0.22% |
| Total return CAGR (5Y) | 2.05% | 13.45% |
Frequently asked
- Which has grown faster, VICI or VTR?
- Over the past five years, VICI grew revenue faster — VICI at a 22.87% CAGR versus VTR at 11.91%.
- Does VICI or VTR pay a bigger dividend?
- VICI yields 7.13% and VTR yields 2.24% based on trailing dividends and the latest price.
- Is VICI or VTR more profitable?
- VICI runs the higher net margin — VICI at 67.50% versus VTR at 4.13%.
- How have VICI and VTR total returns compared?
- Over the past 5 years, VICI delivered 2.05% and VTR delivered 13.45% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
VICI Properties & Ventas 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 September 10, 2026.