Data as of the October 19, 2026 close. Every figure on this page is checked against at least two independent sources, or two separate SEC filings, before it is published. How we verify data.
VICI Properties (VICI) and Gaming and Leisure Properties (GLPI) are both gaming REITs, classed as Gaming Net Lease on REIT Rankings. Here is how they compare on verified numbers as of the October 19, 2026 close, from dividends and debt to rate sensitivity and returns this year.
| Measure | VICI Properties (VICI) | Gaming and Leisure Properties (GLPI) |
|---|---|---|
| Share price | $23.10 | $38.82 |
| Market cap | $25.4B | $11.3B |
| Dividend yield | 7.97% | 8.45% |
| Annual dividend per share | $1.84† | $3.28 |
| Pays | Quarterly | Quarterly |
| Consecutive years of dividend increases | 6 | n/a |
| Dividend growth per year, 2020 to 2025 | 7.1% | n/a |
| Dividend increase in 2026 (confirmed in filings) | Not yet confirmed | +5.1% |
| Liabilities to assets | 38.7% (June 30) | 62.0% (June 30) |
| Revenue growth, latest quarter vs a year earlier | +5.7% | n/a |
| Price change year to date | -17.9% | -13.1% |
| Price change since Sept. 15 | -6.7% | -4.4% |
| 52-week range (closing) | $22.53 to $31.42 | $37.59 to $49.82 |
| Typical move per 0.25-point rise in the 10-year yield | -3.5% | -3.2% |
| REIT Rankings grade | B 82 | B 76 |
| Third-quarter 2026 results | Not yet filed; page updates when it is | Not yet filed; page updates when it is |
† The current dividend rate is above the per-share dividend in the latest 10-Q, consistent with a recent increase. The prior rate is confirmed by the filing; the new rate comes from payment records and is confirmed when the next 10-Q is filed.
Who Leads on Each Measure
| Measure | Leader |
|---|---|
| Higher dividend yield | Gaming and Leisure Properties |
| Lower leverage | VICI Properties |
| Less sensitive to rising rates | Gaming and Leisure Properties |
| Better price change this year | Gaming and Leisure Properties |
| Higher REIT Rankings grade | VICI Properties |
Where They Differ
Gaming and Leisure Properties pays the higher yield, 8.45% against 7.97% for VICI Properties. Gaming and Leisure Properties carries more leverage, with liabilities equal to 62.0% of assets against 38.7%. Over the past year VICI Properties has been more sensitive to Treasury yields, typically moving -3.5% for each 0.25-point rise in the 10-year yield against -3.2% for Gaming and Leisure Properties. This year VICI Properties shares have moved -17.9% and Gaming and Leisure Properties shares -13.1%.
Read the full profiles for portfolio, tenant and balance sheet detail: VICI Properties and Gaming and Leisure Properties.
How These Numbers Are Checked
Prices, returns and 52-week ranges are computed separately from Nasdaq and Cboe records and must agree. Dividend rates are checked against the per-share dividends in each company’s latest 10-Q, growth streaks against their 10-K filings, and leverage and revenue come from the balance sheets and income statements filed with the SEC. Third-quarter results replace the latest-quarter figures as soon as each company files. How we verify data.
Frequently Asked Questions
Which pays a higher dividend, VICI or GLPI?
VICI Properties yields 7.97% and pays $1.84 a share a year (quarterly); Gaming and Leisure Properties yields 8.45% and pays $3.28 (quarterly), as of October 19, 2026.
Which has raised its dividend longer, VICI or GLPI?
VICI Properties: 6 consecutive years of increases; Gaming and Leisure Properties: streak not yet verified. Five-year dividend growth: 7.1% for VICI Properties and n/a for Gaming and Leisure Properties.
Which has more debt, VICI or GLPI?
On the latest balance sheets, VICI Properties’s liabilities equal 38.7% of total assets and Gaming and Leisure Properties’s equal 62.0%. Book leverage is one measure; debt maturities and interest coverage matter too.
Which is more sensitive to interest rates, VICI or GLPI?
Over the past year, VICI Properties has typically moved -3.5% and Gaming and Leisure Properties -3.2% for each 0.25-point rise in the 10-year Treasury yield. Since September 15, 2026, VICI Properties has moved -6.7% and Gaming and Leisure Properties -4.4%.
Is VICI or GLPI the better investment?
REIT Rankings does not make buy, sell or hold calls. On our grades, which measure dividend safety, balance sheet, portfolio, growth and valuation, VICI Properties scores 82 and Gaming and Leisure Properties scores 76, so VICI Properties rates higher on business quality. Which suits you depends on whether you value current yield, dividend growth or lower rate risk more.
Related Pages
Best Gaming REITs · Realty Income vs. VICI Properties · All REIT comparisons
REIT Rankings publishes data and grades, not investment advice. Nothing on this page is a recommendation to buy, sell or hold any security. Do your own research or consult a licensed advisor.
Why buy the REIT when you can own the asset?
Net lease REITs typically yield 4.5% to 6.5%. Direct ownership of a single-tenant NNN property leased to the same investment-grade tenants historically trades at 6% to 7.5% cap rates, plus depreciation benefits and 1031 exchange eligibility that REIT shareholders never receive. For investors with $1 million or more, the after-tax gap is large.
See the $2M After-Tax Comparison