Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
VICI PropertiesVICI +1.56%81 5-Year Yield-on-Cost % is 9.48 as of Jul. 26, 2026, which is 35% above its 10-year median of 7.03. GuruFocus rates VICI with a GF Score™ of 81/100 and a GF Value™ of $32.93 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 872 REITs companies, VICI Properties ranks better than 64.79% on this metric.
VICI Properties's yield on cost for the quarter that ended in Mar. 2026 was 9.48.
The historical rank and industry rank for VICI Properties's 5-Year Yield-on-Cost % or its related term are showing as below:
VICI'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.07 Med: 7.03 Max: 13.41
Current: 9.48
During the past 12 years, VICI Properties's highest Yield on Cost was 13.41. The lowest was 1.07. And the median was 7.03.
VICI's 5-Year Yield-on-Cost % is ranked better than 64.79% of 872
companies
in the REITs industry
Industry Median: 7.31
vs VICI: 9.48
VICI Properties (NYSE:VICI) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
VICI Properties 5-Year Yield-on-Cost % Related Terms
VICI vs WPC, BNL, GNL: 5-Year Yield-on-Cost % Comparison
For the REIT - Diversified subindustry, VICI Properties's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, VICI Properties's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where VICI Properties's 5-Year Yield-on-Cost % falls into.
VICI Properties 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of VICI Properties is calculated as
VICI Properties (VICI) has a 5-Year Yield-on-Cost % of 9.48 as of Jul. 26, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on VICI Properties and its competitors. This is 35% above median its historical median of 7.03. Over the past decade, VICI Properties' 5-Year Yield-on-Cost % has ranged from 1.07 to 13.41. According to the industry distribution chart, VICI Properties ranks #307 out of 872 companies in the REITs industry, placing it in the top 35.2%.
Is VICI Properties' 5-Year Yield-on-Cost % too high?
VICI Properties' current 5-Year Yield-on-Cost % of 9.48 is 35% above median its 10-year median of 7.03. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 13.41. The REITs industry median 5-Year Yield-on-Cost % is 7.31. VICI Properties' value of 9.48 is 29.7% above this industry median. Based on the distribution chart, VICI Properties ranks #307 out of 872 companies in the REITs industry, which is above the industry midpoint. Overall, VICI Properties has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VICI Properties' 5-Year Yield-on-Cost % compare to WPC and BNL?
According to the REITs industry distribution chart, VICI Properties ranks #307 out of 872 companies for 5-Year Yield-on-Cost %. This puts VICI Properties in the upper half of its industry. The industry median 5-Year Yield-on-Cost % is 7.31. VICI Properties' value of 9.48 is 29.7% above this benchmark. Historically, VICI Properties' own 5-Year Yield-on-Cost % has ranged from 1.07 to 13.41 over the past decade. While the company's 10-year median is 7.03 vs. the industry median of 7.31, 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.31, based on 872 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VICI Properties's current 5-Year Yield-on-Cost % of 9.48 is 29.7% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on VICI Properties and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VICI Properties's current 5-Year Yield-on-Cost % is 9.48, which is 35% above median its own 10-year median of 7.03. 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 $32.93, compared to a current price of $26.73 — trading 18.8% below its estimated fair value. The current 5-Year Yield-on-Cost % is 9.48, which is 35% above median its 10-year median of 7.03 and 29.7% above the REITs industry median of 7.31. VICI Properties' overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For VICI Properties (VICI), the current 5-Year Yield-on-Cost % is 9.48 as of Jul. 26, 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 $26.73 is trading 18.8% below its estimated GF Value™ of $32.93.
GuruFocus considers VICI Properties to be Modestly Undervalued.
Key valuation signals for VICI:
5-Year Yield-on-Cost %: 9.48 (35% above median its 10-year median of 7.03)
GF Value™: $32.93 vs. price of $26.73 (18.8% below fair value)
Industry Position: 29.7% above the REITs median (#307 of 872)
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 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.
81GF Score
Get the complete analysis for VICI
5-Year Yield-on-Cost % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
VICI has been successfully added to your 
