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WPC vs VICI
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Diversified
WPC vs VICI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Diversified | REIT - Diversified |
| Market Cap | $16.05B | $30.22B |
| Revenue (TTM) | $1.99B | $4.05B |
| Net Income (TTM) | $517M | $3.10B |
| Gross Margin | 68.2% | 99.2% |
| Operating Margin | 43.3% | 98.7% |
| Forward P/E | 29.0x | 9.9x |
| Total Debt | $8.72B | $0.00 |
| Cash & Equiv. | $155M | $563M |
WPC vs VICI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| W. P. Carey Inc. (WPC) | 100 | 124.8 | +24.8% |
| VICI Properties Inc. (VICI) | 100 | 144.1 | +44.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WPC vs VICI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
WPC is the clearest fit if your priority is growth exposure and sleep-well-at-night.
- Rev growth 8.9%, EPS growth 1.0%, 3Y rev CAGR 5.2%
- Lower volatility, beta 0.02, current ratio 0.18x
- 8.9% FFO/revenue growth vs VICI's 4.1%
VICI carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 8 yrs, beta 0.22, yield 6.2%
- 116.1% 10Y total return vs WPC's 85.7%
- Beta 0.22, yield 6.2%, current ratio 2.55x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.9% FFO/revenue growth vs VICI's 4.1% | |
| Value | Lower P/E (9.9x vs 29.0x) | |
| Quality / Margins | 76.7% margin vs WPC's 26.0% | |
| Stability / Safety | Beta 0.02 vs VICI's 0.22 | |
| Dividends | 6.2% yield, 8-year raise streak, vs WPC's 4.9% | |
| Momentum (1Y) | +24.9% vs VICI's -5.8% | |
| Efficiency (ROA) | 6.7% ROA vs WPC's 2.9%, ROIC 7.6% vs 3.5% |
WPC vs VICI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
WPC vs VICI — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
VICI leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
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.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.0B | $4.0B |
| EBITDAEarnings before interest/tax | $1.4B | $4.0B |
| Net IncomeAfter-tax profit | $517M | $3.1B |
| Free Cash FlowCash after capex | $1.1B | $2.5B |
| Gross MarginGross profit ÷ Revenue | +68.2% | +99.2% |
| Operating MarginEBIT ÷ Revenue | +43.3% | +98.7% |
| Net MarginNet income ÷ Revenue | +26.0% | +76.7% |
| FCF MarginFCF ÷ Revenue | +56.8% | +63.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +10.6% | +3.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +40.4% | +60.8% |
Valuation Metrics
VICI leads this category, winning 6 of 6 comparable metrics.
Valuation 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.
| Metric | ||
|---|---|---|
| Market CapShares × price | $16.0B | $30.2B |
| Enterprise ValueMkt cap + debt − cash | $24.6B | $29.7B |
| Trailing P/EPrice ÷ TTM EPS | 34.68x | 10.83x |
| Forward P/EPrice ÷ next-FY EPS est. | 28.99x | 9.89x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.30x |
| EV / EBITDAEnterprise value multiple | 19.17x | 8.12x |
| Price / SalesMarket cap ÷ Revenue | 9.35x | 7.54x |
| Price / BookPrice ÷ Book value/share | 1.99x | 1.06x |
| Price / FCFMarket cap ÷ FCF | 14.71x | 12.05x |
Profitability & Efficiency
VICI leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
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.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +6.3% | +11.0% |
| ROA (TTM)Return on assets | +2.9% | +6.7% |
| ROICReturn on invested capital | +3.5% | +7.6% |
| ROCEReturn on capital employed | +4.6% | +8.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | 1.07x | — |
| Net DebtTotal debt minus cash | $8.6B | -$563M |
| Cash & Equiv.Liquid assets | $155M | $563M |
| Total DebtShort + long-term debt | $8.7B | $0 |
| Interest CoverageEBIT ÷ Interest expense | 2.73x | 4.45x |
Total Returns (Dividends Reinvested)
WPC leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
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.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +14.3% | +2.0% |
| 1-Year ReturnPast 12 months | +24.9% | -5.8% |
| 3-Year ReturnCumulative with dividends | +17.4% | +1.8% |
| 5-Year ReturnCumulative with dividends | +27.3% | +16.4% |
| 10-Year ReturnCumulative with dividends | +85.7% | +116.1% |
| CAGR (3Y)Annualised 3-year return | +5.5% | +0.6% |
Risk & Volatility
WPC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
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.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.02x | 0.22x |
| 52-Week HighHighest price in past year | $75.69 | $34.01 |
| 52-Week LowLowest price in past year | $59.34 | $26.55 |
| % of 52W HighCurrent price vs 52-week peak | +96.7% | +83.1% |
| RSI (14)Momentum oscillator 0–100 | 53.3 | 46.3 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 7.7M |
Analyst Outlook
VICI leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates WPC as "Hold" and VICI as "Buy". 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%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $73.20 | $32.00 |
| # AnalystsCovering analysts | 20 | 26 |
| Dividend YieldAnnual dividend ÷ price | +4.9% | +6.2% |
| Dividend StreakConsecutive years of raises | 1 | 8 |
| Dividend / ShareAnnual DPS | $3.57 | $1.74 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
VICI leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). WPC leads in 2 (Total Returns, Risk & Volatility).
WPC vs VICI: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is WPC or VICI 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.
02Which has the better valuation — WPC or VICI?
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.
03Which is the better long-term investment — WPC or VICI?
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.
04Which is safer — WPC or VICI?
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.
05Which is growing faster — WPC or VICI?
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.
06Which has better profit margins — WPC or VICI?
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.
07Is WPC or VICI 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.
08Which pays a better dividend — WPC or VICI?
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).
09Is WPC or VICI 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.
10What are the main differences between WPC and VICI?
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: WPC is a mid-cap income-oriented stock; VICI is a mid-cap deep-value 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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