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Stock Comparison

VICI vs WPC

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
VICI
VICI Properties Inc.

REIT - Diversified

Real EstateNYSE • US
Market Cap$30.22B
5Y Perf.+44.1%
WPC
W. P. Carey Inc.

REIT - Diversified

Real EstateNYSE • US
Market Cap$16.05B
5Y Perf.+24.8%

VICI vs WPC — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
VICI logoVICI
WPC logoWPC
IndustryREIT - DiversifiedREIT - Diversified
Market Cap$30.22B$16.05B
Revenue (TTM)$4.05B$1.99B
Net Income (TTM)$3.10B$517M
Gross Margin99.2%68.2%
Operating Margin98.7%43.3%
Forward P/E9.9x29.0x
Total Debt$0.00$8.72B
Cash & Equiv.$563M$155M

VICI vs WPCLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

VICI
WPC
StockMay 20May 26Return
VICI Properties Inc. (VICI)100144.1+44.1%
W. P. Carey Inc. (WPC)100124.8+24.8%

Price return only. Dividends and distributions are not included.

Quick Verdict: VICI vs WPC

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: VICI leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. W. P. Carey Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
VICI
VICI Properties Inc.
The Real Estate Income Play

VICI carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 8 yrs, beta 0.22, yield 6.2%
  • Rev growth 4.1%, EPS growth 2.0%, 3Y rev CAGR 15.5%
  • 116.1% 10Y total return vs WPC's 85.7%
Best for: income & stability and growth exposure
WPC
W. P. Carey Inc.
The Real Estate Income Play

WPC is the clearest fit if your priority is sleep-well-at-night.

  • Lower volatility, beta 0.02, current ratio 0.18x
  • 8.9% FFO/revenue growth vs VICI's 4.1%
  • Beta 0.02 vs VICI's 0.22
Best for: sleep-well-at-night
See the full category breakdown
CategoryWinnerWhy
GrowthWPC logoWPC8.9% FFO/revenue growth vs VICI's 4.1%
ValueVICI logoVICILower P/E (9.9x vs 29.0x)
Quality / MarginsVICI logoVICI76.7% margin vs WPC's 26.0%
Stability / SafetyWPC logoWPCBeta 0.02 vs VICI's 0.22
DividendsVICI logoVICI6.2% yield, 8-year raise streak, vs WPC's 4.9%
Momentum (1Y)WPC logoWPC+24.9% vs VICI's -5.8%
Efficiency (ROA)VICI logoVICI6.7% ROA vs WPC's 2.9%, ROIC 7.6% vs 3.5%

VICI vs WPC — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

VICIVICI Properties Inc.
FY 2021
Real Property Business Segment
100.0%$1.5B
WPCW. P. Carey Inc.
FY 2025
Owned Real Estate
99.2%$1.7B
Investment Management
0.5%$9M
Management Service
0.3%$5M

VICI vs WPC — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLVICILAGGINGWPC

Income & Cash Flow (Last 12 Months)

VICI leads this category, winning 5 of 6 comparable metrics.

VICI is the larger business by revenue, generating $4.0B annually — 2.0x WPC's $2.0B. VICI is the more profitable business, keeping 76.7% of every revenue dollar as net income compared to WPC's 26.0%. On growth, WPC holds the edge at +10.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricVICI logoVICIVICI Properties I…WPC logoWPCW. P. Carey Inc.
RevenueTrailing 12 months$4.0B$2.0B
EBITDAEarnings before interest/tax$4.0B$1.4B
Net IncomeAfter-tax profit$3.1B$517M
Free Cash FlowCash after capex$2.5B$1.1B
Gross MarginGross profit ÷ Revenue+99.2%+68.2%
Operating MarginEBIT ÷ Revenue+98.7%+43.3%
Net MarginNet income ÷ Revenue+76.7%+26.0%
FCF MarginFCF ÷ Revenue+63.0%+56.8%
Rev. Growth (YoY)Latest quarter vs prior year+3.5%+10.6%
EPS Growth (YoY)Latest quarter vs prior year+60.8%+40.4%
VICI leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

VICI leads this category, winning 6 of 6 comparable metrics.

At 10.8x trailing earnings, VICI trades at a 69% valuation discount to WPC's 34.7x P/E. On an enterprise value basis, VICI's 8.1x EV/EBITDA is more attractive than WPC's 19.2x.

MetricVICI logoVICIVICI Properties I…WPC logoWPCW. P. Carey Inc.
Market CapShares × price$30.2B$16.0B
Enterprise ValueMkt cap + debt − cash$29.7B$24.6B
Trailing P/EPrice ÷ TTM EPS10.83x34.68x
Forward P/EPrice ÷ next-FY EPS est.9.89x28.99x
PEG RatioP/E ÷ EPS growth rate1.30x
EV / EBITDAEnterprise value multiple8.12x19.17x
Price / SalesMarket cap ÷ Revenue7.54x9.35x
Price / BookPrice ÷ Book value/share1.06x1.99x
Price / FCFMarket cap ÷ FCF12.05x14.71x
VICI leads this category, winning 6 of 6 comparable metrics.

Profitability & Efficiency

VICI leads this category, winning 7 of 8 comparable metrics.

VICI delivers a 11.0% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $6 for WPC. On the Piotroski fundamental quality scale (0–9), WPC scores 5/9 vs VICI's 4/9, reflecting solid financial health.

MetricVICI logoVICIVICI Properties I…WPC logoWPCW. P. Carey Inc.
ROE (TTM)Return on equity+11.0%+6.3%
ROA (TTM)Return on assets+6.7%+2.9%
ROICReturn on invested capital+7.6%+3.5%
ROCEReturn on capital employed+8.0%+4.6%
Piotroski ScoreFundamental quality 0–945
Debt / EquityFinancial leverage1.07x
Net DebtTotal debt minus cash-$563M$8.6B
Cash & Equiv.Liquid assets$563M$155M
Total DebtShort + long-term debt$0$8.7B
Interest CoverageEBIT ÷ Interest expense4.45x2.73x
VICI leads this category, winning 7 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

WPC leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in WPC five years ago would be worth $12,731 today (with dividends reinvested), compared to $11,644 for VICI. Over the past 12 months, WPC leads with a +24.9% total return vs VICI's -5.8%. The 3-year compound annual growth rate (CAGR) favors WPC at 5.5% vs VICI's 0.6% — a key indicator of consistent wealth creation.

MetricVICI logoVICIVICI Properties I…WPC logoWPCW. P. Carey Inc.
YTD ReturnYear-to-date+2.0%+14.3%
1-Year ReturnPast 12 months-5.8%+24.9%
3-Year ReturnCumulative with dividends+1.8%+17.4%
5-Year ReturnCumulative with dividends+16.4%+27.3%
10-Year ReturnCumulative with dividends+116.1%+85.7%
CAGR (3Y)Annualised 3-year return+0.6%+5.5%
WPC leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

WPC leads this category, winning 2 of 2 comparable metrics.

WPC is the less volatile stock with a 0.02 beta — it tends to amplify market swings less than VICI's 0.22 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WPC currently trades 96.7% from its 52-week high vs VICI's 83.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricVICI logoVICIVICI Properties I…WPC logoWPCW. P. Carey Inc.
Beta (5Y)Sensitivity to S&P 5000.22x0.02x
52-Week HighHighest price in past year$34.01$75.69
52-Week LowLowest price in past year$26.55$59.34
% of 52W HighCurrent price vs 52-week peak+83.1%+96.7%
RSI (14)Momentum oscillator 0–10046.353.3
Avg Volume (50D)Average daily shares traded7.7M1.1M
WPC leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

VICI leads this category, winning 2 of 2 comparable metrics.

Wall Street rates VICI as "Buy" and WPC as "Hold". Consensus price targets imply 13.2% upside for VICI (target: $32) vs 0.0% for WPC (target: $73). For income investors, VICI offers the higher dividend yield at 6.17% vs WPC's 4.88%.

MetricVICI logoVICIVICI Properties I…WPC logoWPCW. P. Carey Inc.
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$32.00$73.20
# AnalystsCovering analysts2620
Dividend YieldAnnual dividend ÷ price+6.2%+4.9%
Dividend StreakConsecutive years of raises81
Dividend / ShareAnnual DPS$1.74$3.57
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
VICI leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

VICI leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). WPC leads in 2 (Total Returns, Risk & Volatility).

Best OverallVICI Properties Inc. (VICI)Leads 4 of 6 categories
Loading custom metrics...

VICI vs WPC: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is VICI or WPC a better buy right now?

For growth investors, W.

P. Carey Inc. (WPC) is the stronger pick with 8. 9% revenue growth year-over-year, versus 4. 1% for VICI Properties Inc. (VICI). VICI Properties Inc. (VICI) offers the better valuation at 10. 8x trailing P/E (9. 9x forward), making it the more compelling value choice. Analysts rate VICI Properties Inc. (VICI) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — VICI or WPC?

On trailing P/E, VICI Properties Inc.

(VICI) is the cheapest at 10. 8x versus W. P. Carey Inc. at 34. 7x. On forward P/E, VICI Properties Inc. is actually cheaper at 9. 9x.

03

Which is the better long-term investment — VICI or WPC?

Over the past 5 years, W.

P. Carey Inc. (WPC) delivered a total return of +27. 3%, compared to +16. 4% for VICI Properties Inc. (VICI). Over 10 years, the gap is even starker: VICI returned +116. 1% versus WPC's +85. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — VICI or WPC?

By beta (market sensitivity over 5 years), W.

P. Carey Inc. (WPC) is the lower-risk stock at 0. 02β versus VICI Properties Inc. 's 0. 22β — meaning VICI is approximately 830% more volatile than WPC relative to the S&P 500.

05

Which is growing faster — VICI or WPC?

By revenue growth (latest reported year), W.

P. Carey Inc. (WPC) is pulling ahead at 8. 9% versus 4. 1% for VICI Properties Inc. (VICI). On earnings-per-share growth, the picture is similar: VICI Properties Inc. grew EPS 2. 0% year-over-year, compared to 1. 0% for W. P. Carey Inc.. Over a 3-year CAGR, VICI leads at 15. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — VICI or WPC?

VICI Properties Inc.

(VICI) is the more profitable company, earning 69. 3% net margin versus 27. 2% for W. P. Carey Inc. — meaning it keeps 69. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VICI leads at 91. 1% versus 44. 4% for WPC. At the gross margin level — before operating expenses — VICI leads at 99. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is VICI or WPC more undervalued right now?

On forward earnings alone, VICI Properties Inc.

(VICI) trades at 9. 9x forward P/E versus 29. 0x for W. P. Carey Inc. — 19. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for VICI: 13. 2% to $32. 00.

08

Which pays a better dividend — VICI or WPC?

All stocks in this comparison pay dividends.

VICI Properties Inc. (VICI) offers the highest yield at 6. 2%, versus 4. 9% for W. P. Carey Inc. (WPC).

09

Is VICI or WPC better for a retirement portfolio?

For long-horizon retirement investors, W.

P. Carey Inc. (WPC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 02), 4. 9% yield). Both have compounded well over 10 years (WPC: +85. 7%, VICI: +116. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between VICI and WPC?

Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: VICI is a mid-cap deep-value stock; WPC is a mid-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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Stocks Like

VICI

Dividend Mega-Cap Quality

  • Sector: Real Estate
  • Market Cap > $100B
  • Net Margin > 46%
  • Dividend Yield > 2.4%
Run This Screen
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WPC

Dividend Mega-Cap Quality

  • Sector: Real Estate
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 15%
Run This Screen
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Beat Both

Find stocks that outperform VICI and WPC on the metrics below

Revenue Growth>
%
(VICI: 3.5% · WPC: 10.6%)
Net Margin>
%
(VICI: 76.7% · WPC: 26.0%)
P/E Ratio<
x
(VICI: 10.8x · WPC: 34.7x)

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