VICI (VICI Properties) Total Operating Expense: $19 Mil (TTM As of Mar. 2026)

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VICI VICI Properties Inc VICI
82 GF Score
Price $26.28
GF Value $32.89
Valuation Modestly Undervalued
! 3 Warning Signs
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What is VICI Properties Total Operating Expense?

VICI Properties VICI -0.45% 82 Total Operating Expense is $19 Mil as of Mar. 2026. GuruFocus rates VICI with a GF Score™ of 82/100 and a GF Value™ of $32.89 (Modestly Undervalued). The stock has 3 warning signs investors should review.

VICI Properties's Total Operating Expense for the three months ended in Mar. 2026 was $-83 Mil. VICI Properties's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $19 Mil.

VICI Properties Total Operating Expense Related Terms

VICI Properties Total Operating Expense Historical Data

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The historical data trend for VICI Properties's Total Operating Expense 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.

VICI Properties Total Operating Expense Chart

VICI Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.47 945.65 240.05 277.38 324.09

VICI Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 222.33 -107.16 16.68 192.25 -82.93
VICI
82GF Score
VICI Properties Inc VICI
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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VICI Properties Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $19 Mil.

* 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.

What does a Total Operating Expense of $19 Mil mean?
VICI Properties (VICI) has a Total Operating Expense of $19 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on VICI Properties and its competitors.
Is VICI Properties' Total Operating Expense too high?
VICI Properties' current Total Operating Expense is $19 Mil. Overall, VICI Properties has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VICI Properties' Total Operating Expense compare to WPC and BNL?
VICI Properties' Total Operating Expense of $19 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a REITs company?
A good Total Operating Expense depends on the REITs industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on VICI Properties and its competitors. VICI Properties's current Total Operating Expense is $19 Mil. 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 (VICI) is currently considered Modestly Undervalued. The stock's GF Value™ is $32.89, compared to a current price of $26.28 — trading 20.1% below its estimated fair value. The current Total Operating Expense is $19 Mil. VICI Properties' overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For VICI Properties (VICI), the current Total Operating Expense is $19 Mil 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 (VICI) Overvalued in 2026?

Based on GuruFocus' analysis, VICI Properties stock appears to be undervalued. The current stock price of $26.28 is trading 20.1% below its estimated GF Value™ of $32.89. GuruFocus considers VICI Properties to be Modestly Undervalued.

Key valuation signals for VICI:

  • Total Operating Expense: $19 Mil
  • GF Value™: $32.89 vs. price of $26.28 (20.1% below fair value)
  • GF Score™: 82/100 with 3 warning signs

No single metric tells the full story. See the 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:Mexico1KN: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.
82GF Score

Get the complete analysis for VICI

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

$26.28
Price
$32.89
GF Value