NYSE: VICI · Diversified REITs
VICI Properties (VICI) fair value and price range
As of 1 Oct 2026, Faircurve's model values VICI Properties (VICI) at $32.26 a share. The stock last closed at $22.65, which puts the model's fair value 42.4% above the price. No verdict is shown for VICI on this run. The fair value and its range are shown for reference.
Revalued . Price is the close of 2 Oct 2026. VICI Properties Inc.
Faircurve Insights · 1 Oct 2026
VICI Properties Inc. (VICI) functions as a specialised real estate investment trust dedicated to experiential properties.
Faircurve's model on 1 Oct 2026 found a fair value of $32.26 a share. This fair value moved -0.8% since the previous run, which gave $32.52 on 26 Sep 2026. The calibrated range over 63 trading days is $27.07 to $39.34 and held the price 60% of the time at this horizon, built from the fair value. The model’s evidence grade is High.
The business scores on quality against comparable companies, which include W. P. Carey Inc. (WPC), Essential Properties Realty Trust, Inc. (EPRT), and Rithm Capital Corp. (RITM). The stock has moved around its last 8 earnings reports with a median size of 2.1%.
Written from the figures on this page for the 1 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give VICI?
The calibrated range for VICI over 63 trading days is $27.07 to $39.34. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is below this range. For names with fair value 30%+ above price, the calibrated range has held the price 29% of the time over 63 trading days, and 71% ended below it; the typical move was +5.7%.
The model's own range is $29.47 to $35.47.
How does VICI compare with similar companies?
The companies in diversified reits closest to VICI Properties in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| WPC W. P. Carey Inc. | $64.52 | $48.79 | -24.4% | Low evidence grade |
| EPRT Essential Properties Realty Trust, Inc. | $25.90 | $22.32 | -13.8% | No verdict on this run |
| RITM Rithm Capital Corp. | $8.71 | $15.60 | +79.1% | Gap wider than 60% |
| BNL Broadstone Net Lease, Inc. | $18.56 | $18.37 | -1.0% | No verdict on this run |
| GNL Global Net Lease, Inc. | $8.25 | $8.71 | +5.6% | No verdict on this run |
| AAT American Assets Trust, Inc. | $21.55 | $22.66 | +5.2% | Low evidence grade |
| SAFE Safehold Inc. | $12.06 | $17.17 | +42.4% | No verdict on this run |
| JBGS JBG SMITH Properties | $10.56 | $5.73 | -45.7% | Low evidence grade |
When does VICI report earnings, and how has the stock reacted?
VICI Properties's next earnings report is scheduled for 29 Oct 2026. Companies can move their dates.
How VICI moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 2.1%.
| Report date | Two session move |
|---|---|
| 29 Jul 2026 | -2.9% |
| 29 Apr 2026 | +1.9% |
| 25 Feb 2026 | -1.7% |
| 30 Oct 2025 | +1.0% |
| 30 Jul 2025 | -0.8% |
| 30 Apr 2025 | -2.3% |
| 20 Feb 2025 | +2.6% |
| 31 Oct 2024 | -3.0% |
VICI Properties at a glance
VICI Properties functions as a specialized real estate investment trust dedicated to experiential properties.
- Market value
- $25.9B
- Sector
- Real Estate
- Industry
- Diversified REITs
- Beta to the US market
- 0.04
- First valued by Faircurve
- 4 Jul 2026
How the fair value is worked out: the model values VICI Properties three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for VICI was $32.52. As of 1 Oct 2026 it is $32.26, a change of -0.8%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about VICI Properties's valuation
Is VICI Properties stock undervalued or overvalued?
Faircurve's model puts VICI's fair value at $32.26 a share against a last close of $22.65, as of 1 Oct 2026. No verdict is shown for VICI on this run. The fair value and its range are shown for reference.
What is VICI's fair value?
$32.26 a share as of 1 Oct 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $29.47 to $35.47.
What price range does the model give VICI?
$27.07 to $39.34 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does VICI Properties report earnings next?
The next report is scheduled for 29 Oct 2026. Companies can move their dates.
How much has VICI moved on past earnings reports?
Across its last 8 reports the median two session move was 2.1%, ignoring direction. The largest was -3.0% around the report of 31 Oct 2024.
How confident is the model in this valuation?
The model's evidence grade for VICI is high. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.