Empire State Realty (ESRT) vs VICI Properties (VICI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
VICI Properties (VICI) has outperformed Empire State Realty (ESRT) over the past year, losing 26.1% versus a loss of 37.3%. Over five years, VICI leads with a -23.9% price change compared with -57.6% for ESRT. VICI Properties is the larger company by market cap ($25.19 billion vs $1.42 billion), about 17.8 times the size.
On valuation, VICI Properties trades at a lower forward P/E (7.7x vs 77.2x for Empire State Realty). VICI Properties offers the higher dividend yield (7.87% vs 3.02%). VICI Properties converts more of its revenue into profit, with a net margin of 69.3% versus 9.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ESRT | VICI |
|---|---|---|
| Share price | $4.63 | $22.88 |
| Market cap | $1.42B | $25.19B |
| 1-day change | +1.09% | +0.39% |
| YTD return | -28.99% | -18.63% |
| 1-year return | -37.26% | -26.15% |
| 5-year return | -57.60% | -23.91% |
| P/E ratio (TTM) | 231.50 | 8.90 |
| Forward P/E | 77.17 | 7.65 |
| EPS (TTM) | $0.02 | $2.57 |
| Dividend yield | 3.02% | 7.87% |
| Annual dividend | $0.14 | $1.80 |
| Revenue (latest FY) | $768.27M | $4.01B |
| Revenue growth (YoY) | +0.05% | +4.08% |
| Net income (latest FY) | $72.98M | $2.78B |
| Gross margin | — | 99.33% |
| Operating margin | 17.66% | — |
| Net margin | 9.50% | 69.28% |
| 52-week high | $8.04 | $31.69 |
| 52-week low | $3.93 | $22.43 |
| Distance from 52-week high | -42.41% | -27.80% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +16.63% | +38.02% |
| Average volume | 3.23M | 9.64M |
| Shares outstanding | 172.17M | 1.10B |
| Employees | 642 | 28 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- VICI Properties is about 17.8 times larger than Empire State Realty by market value ($25.19B vs $1.42B).
- VICI has outperformed ESRT by 11.1 percentage points over the past year.
- Empire State Realty trades at a higher earnings multiple (231.5x vs 8.9x trailing P/E).
- VICI Properties offers a meaningfully higher dividend yield (7.87% vs 3.02%).
- VICI Properties is more profitable, keeping 69.3 cents of every revenue dollar as net income versus 9.5 cents for Empire State Realty.
About Empire State Realty
ESRT stock →Empire State Realty Trust, Inc. is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets.
Real Estate · Real Estate Investment Trusts · 642 employees
About VICI Properties
VICI stock →VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.
Real Estate · Real Estate Investment Trusts · 28 employees
ESRT vs VICI FAQ
Which is bigger, Empire State Realty or VICI Properties?
VICI Properties (VICI) is larger, with a market capitalization of $25.19B compared with $1.42B for Empire State Realty (ESRT).
Which stock has performed better over the past year, ESRT or VICI?
VICI returned -26.15% over the past 12 months, compared with -37.26% for ESRT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ESRT or VICI?
VICI has the lower trailing P/E at 8.9, versus 231.5 for ESRT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Empire State Realty or VICI Properties?
VICI Properties has the higher yield at 7.87%, compared with 3.02% for Empire State Realty.
Are Empire State Realty and VICI Properties in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.