VICI Properties (MEX:VICI) Interest Coverage: 5.23 (As of Mar. 2026) — 44% Above Median


MEX:VICI VICI Properties Inc MEX:VICI
64 GF Score
Price MXN473.00
GF Value MXN570.17
Valuation Modestly Undervalued
! 3 Warning Signs
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What is VICI Properties Interest Coverage?

VICI Properties MEX:VICI 64 Interest Coverage is 5.23 as of Mar. 2026, which is 44% above its 10-year median of 3.62. GuruFocus rates MEX:VICI with a GF Score™ of 64/100 and a GF Value™ of MXN570.17 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 701 REITs companies, VICI Properties ranks better than 64.05% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. VICI Properties's Operating Income for the three months ended in Mar. 2026 was MXN19,746 Mil. VICI Properties's Interest Expense for the three months ended in Mar. 2026 was MXN-3,775 Mil. VICI Properties's interest coverage for the quarter that ended in Mar. 2026 was 5.23. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for VICI Properties's Interest Coverage or its related term are showing as below:

MEX:VICI' s Interest Coverage Range Over the Past 10 Years
Min: 1   Med: 3.62   Max: 4.73
Current: 4.73


MEX:VICI's Interest Coverage is ranked better than
64.05% of 701 companies
in the REITs industry
Industry Median: 3.12 vs MEX:VICI: 4.73

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


VICI Properties  (MEX:VICI) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


VICI Properties Interest Coverage Related Terms


VICI Properties Interest Coverage Historical Data

* Premium members only.

The historical data trend for VICI Properties's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

VICI Properties Interest Coverage Chart

VICI Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.68 3.02 4.09 4.29 4.33

VICI Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.61 5.15 4.68 3.87 5.23

MEX:VICI vs WPC, BNL, GNL: Interest Coverage Comparison

For the REIT - Diversified subindustry, VICI Properties's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


VICI Properties Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, VICI Properties's Interest Coverage distribution charts can be found below:

* The bar in red indicates where VICI Properties's Interest Coverage falls into.


MEX:VICI
64GF Score
VICI Properties Inc MEX:VICI
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VICI Properties Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

VICI Properties's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, VICI Properties's Interest Expense was MXN-15,190 Mil. Its Operating Income was MXN65,816 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN318,516 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*65816.253/-15189.861
=4.33

VICI Properties's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, VICI Properties's Interest Expense was MXN-3,775 Mil. Its Operating Income was MXN19,746 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN319,209 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*19745.536/-3775.362
=5.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 5.23 mean?
VICI Properties (MEX:VICI) has a Interest Coverage of 5.23 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on VICI Properties and its competitors. This is 44% above median its historical median of 3.62. Over the past decade, VICI Properties' Interest Coverage has ranged from 1.00 to 4.73. According to the industry distribution chart, VICI Properties ranks #252 out of 701 companies in the REITs industry, placing it in the top 35.9%.
Is VICI Properties' Interest Coverage too high?
VICI Properties' current Interest Coverage of 5.23 is 44% above median its 10-year median of 3.62. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 4.73. The REITs industry median Interest Coverage is 3.12. VICI Properties' value of 5.23 is 67.6% above this industry median. Based on the distribution chart, VICI Properties ranks #252 out of 701 companies in the REITs industry, which is above the industry midpoint. Overall, VICI Properties has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VICI Properties' Interest Coverage compare to WPC and BNL?
According to the REITs industry distribution chart, VICI Properties ranks #252 out of 701 companies for Interest Coverage. This puts VICI Properties in the upper half of its industry. The industry median Interest Coverage is 3.12. VICI Properties' value of 5.23 is 67.6% above this benchmark. Historically, VICI Properties' own Interest Coverage has ranged from 1.00 to 4.73 over the past decade. While the company's 10-year median is 3.62 vs. the industry median of 3.12, VICI Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VICI Properties's current Interest Coverage of 5.23 is 67.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on VICI Properties and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VICI Properties's current Interest Coverage is 5.23, which is 44% above median its own 10-year median of 3.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VICI Properties stock overvalued right now?
Based on GuruFocus' analysis, VICI Properties (MEX:VICI) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN570.17, compared to a current price of MXN473.00 — trading 17% below its estimated fair value. The current Interest Coverage is 5.23, which is 44% above median its 10-year median of 3.62 and 67.6% above the REITs industry median of 3.12. VICI Properties' overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For VICI Properties (MEX:VICI), the current Interest Coverage is 5.23 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is VICI Properties (MEX:VICI) Overvalued in 2026?

Based on GuruFocus' analysis, VICI Properties stock appears to be undervalued. The current stock price of MXN473.00 is trading 17% below its estimated GF Value™ of MXN570.17. GuruFocus considers VICI Properties to be Modestly Undervalued.

Key valuation signals for MEX:VICI:

  • Interest Coverage: 5.23 (44% above median its 10-year median of 3.62)
  • GF Value™: MXN570.17 vs. price of MXN473.00 (17% below fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 67.6% above the REITs median (#252 of 701)

No single metric tells the full story. See the MEX:VICI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VICI Properties Business Description

Industry Real EstateREITs
Other Exchanges VICI:USA1KN:Germany
Address 535 Madison Avenue, 20th Floor, New York, NY, USA, 10022
VICI Properties Inc is a real estate investment trust based in the United States. It engaged in the business of owning and acquiring gaming, hospitality, wellness, entertainment and leisure destinations, subject to long-term triple net leases. It own nearly 93 experiential assets across a geographically portfolio consisting of nearly 54 gaming properties and nearly 39 other experiential properties across the United States and Canada, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas.
64GF Score

Get the complete analysis for MEX:VICI

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN473.00
Price
MXN570.17
GF Value