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VICI Properties (VICI Properties) ROE % : 12.10% (As of Dec. 2023)


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What is VICI Properties ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. VICI Properties's annualized net income for the quarter that ended in Dec. 2023 was $2,991 Mil. VICI Properties's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $24,710 Mil. Therefore, VICI Properties's annualized ROE % for the quarter that ended in Dec. 2023 was 12.10%.

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

VICI' s ROE % Range Over the Past 10 Years
Min: 1.79   Med: 9.1   Max: 10.65
Current: 10.62

During the past 10 years, VICI Properties's highest ROE % was 10.65%. The lowest was 1.79%. And the median was 9.10%.

VICI's ROE % is ranked better than
80% of 800 companies
in the REITs industry
Industry Median: 4.195 vs VICI: 10.62

VICI Properties ROE % Historical Data

The historical data trend for VICI Properties's ROE % 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.

* Premium members only.

VICI Properties ROE % Chart

VICI Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.39 10.26 9.42 6.57 10.65

VICI Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % 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 11.07 9.17 11.75 9.30 12.10

Competitive Comparison of VICI Properties's ROE %

For the REIT - Diversified subindustry, VICI Properties's ROE %, along with its competitors' market caps and ROE % 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's ROE % Distribution in the REITs Industry

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

* The bar in red indicates where VICI Properties's ROE % falls into.



VICI Properties ROE % Calculation

VICI Properties's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=2513.54/( (21933.637+25255.931)/ 2 )
=2513.54/23594.784
=10.65 %

VICI Properties's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=2991.076/( (24164.951+25255.931)/ 2 )
=2991.076/24710.441
=12.10 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


VICI Properties  (NYSE:VICI) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=2991.076/24710.441
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2991.076 / 3727.46)*(3727.46 / 43445.995)*(43445.995 / 24710.441)
=Net Margin %*Asset Turnover*Equity Multiplier
=80.24 %*0.0858*1.7582
=ROA %*Equity Multiplier
=6.88 %*1.7582
=12.10 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=2991.076/24710.441
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (2991.076 / 2999.8) * (2999.8 / 3807.28) * (3807.28 / 3727.46) * (3727.46 / 43445.995) * (43445.995 / 24710.441)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9971 * 0.7879 * 102.14 % * 0.0858 * 1.7582
=12.10 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


VICI Properties ROE % Related Terms

Thank you for viewing the detailed overview of VICI Properties's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


VICI Properties (VICI Properties) Business Description

Traded in Other Exchanges
Address
535 Madison Avenue, 20th Floor, New York, NY, USA, 10022
VICI Properties Inc is a real estate investment trust based in the US. It acts as an owner, acquirer, and developer of real estate assets across gaming, hospitality, entertainment and leisure destinations. The company's operating segments are real property business and golf course business. The Real property business segment consists of the leased real property whereas the Golf course business segment consists of several golf courses. Its golf courses include the Cascata golf course, the Rio Secco golf course, the Grand Bear golf course and the Chariot Run golf course.
Executives
Michael D Rumbolz director 3201 WEST COUNTY ROAD 42, SUITE 106, BURNSVILLE MN 55306
Gabriel Wasserman officer: Chief Accounting Officer 430 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
Samantha Sacks Gallagher officer: See Remarks C/O VICI PROPERTIES INC., 535 MADISON AVE 20TH FL, NEW YORK NY 10022
Payne John W R director, officer: President and COO 535 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
James R Abrahamson director C/O MARCUS CORP, 100 EAST WISCONSIN AVE, SUITE 1900, MILWAUKEE WI 53202-4125
Edward Baltazar Pitoniak director, officer: Chief Executive Officer C/O VICI PROPERTIES INC., 535 MADISON AVENUE 20TH FL, NEW YORK NY 10022
David Andrew Kieske officer: Chief Financial Officer C/O VICI PROPERTIES INC., 535 MADISON AVENUE 20TH FL, NEW YORK NY 10022
Monica Howard Douglas director 535 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Diana F Cantor director 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Eugene I Davis director 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Kenneth J. Kuick officer: Chief Accounting Officer 520 ZANG ST., UNIT D, BROOMFIELD CO 80021
Eric L Hausler director C/O TRUMP ENTERTAINMENT RESORTS, 1000 BOARDWALK, ATLANTIC CITY NJ 08401
Elizabeth I Holland director 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Craig Macnab director C/O JDN PEALTY CORP, 359 EAST PACES FERRY RD, ATLANTA GA 30305
Mary Elizabeth Higgins director, officer: Chief Financial Officer 3525 E. POST ROAD #120, LAS VEGAS NV 89120