BNL vs. VICI: A Head-to-Head Stock Comparison

Updated on August 19, 2025

Here’s a clear look at BNL and VICI, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Both BNL and VICI are Real Estate Investment Trusts (REITs). These entities are required to distribute the majority of their taxable income to shareholders, often resulting in higher dividend yields.

Symbol	BNL	VICI
Company Name	Broadstone Net Lease, Inc.	VICI Properties Inc.
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Diversified REITs	Specialized REITs
Market Capitalization	3.31 billion USD	35.19 billion USD
Exchange	NYSE	NYSE
Listing Date	September 17, 2020	January 2, 2018
Security Type	REIT	REIT

Historical Performance

This chart compares the performance of BNL and VICI by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

BNL vs. VICI: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	BNL	VICI
5-Day Price Return	-0.71%	-0.03%
13-Week Price Return	2.83%	4.70%
26-Week Price Return	5.95%	9.53%
52-Week Price Return	-1.59%	5.36%
Month-to-Date Return	3.08%	1.23%
Year-to-Date Return	5.55%	12.98%
10-Day Avg. Volume	1.64M	7.14M
3-Month Avg. Volume	1.60M	6.48M
3-Month Volatility	17.85%	16.46%
Beta	1.03	0.76

Profitability

Return on Equity (TTM)

BNL

3.34%

Diversified REITs Industry

Max: 6.83%
Q3: 6.09%
Median: 5.03%
Q1: 3.60%
Min: 1.04%

BNL’s Return on Equity of 3.34% is in the lower quartile for the Diversified REITs industry. This indicates a less efficient generation of profit from its equity base when compared to its competitors.

VICI

10.37%

Specialized REITs Industry

Max: 37.66%
Q3: 20.19%
Median: 8.96%
Q1: 6.32%
Min: -1.71%

VICI’s Return on Equity of 10.37% is on par with the norm for the Specialized REITs industry, indicating its profitability relative to shareholder equity is typical for the sector.

BNL vs. VICI: A comparison of their Return on Equity (TTM) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Net Profit Margin (TTM)

BNL

22.37%

Diversified REITs Industry

Max: 74.45%
Q3: 47.03%
Median: 29.55%
Q1: 5.81%
Min: -25.03%

In the Diversified REITs industry, Net Profit Margin is often not the primary profitability metric.

VICI

70.20%

Specialized REITs Industry

Max: 67.81%
Q3: 40.70%
Median: 25.91%
Q1: 11.01%
Min: 1.95%

In the Specialized REITs industry, Net Profit Margin is often not the primary profitability metric.

BNL vs. VICI: A comparison of their Net Profit Margin (TTM) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Operating Profit Margin (TTM)

BNL

38.48%

Diversified REITs Industry

Max: 77.33%
Q3: 62.47%
Median: 45.87%
Q1: 21.58%
Min: 3.72%

In the Diversified REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

VICI

92.51%

Specialized REITs Industry

Max: 107.13%
Q3: 55.10%
Median: 41.03%
Q1: 17.97%
Min: 5.94%

In the Specialized REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

BNL vs. VICI: A comparison of their Operating Profit Margin (TTM) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Profitability at a Glance

Symbol	BNL	VICI
Return on Equity (TTM)	3.34%	10.37%
Return on Assets (TTM)	1.88%	6.06%
Net Profit Margin (TTM)	22.37%	70.20%
Operating Profit Margin (TTM)	38.48%	92.51%
Gross Profit Margin (TTM)	86.56%	99.32%

Financial Strength

Current Ratio (MRQ)

BNL

1.62

Diversified REITs Industry

Max: 2.37
Q3: 1.58
Median: 0.64
Q1: 0.30
Min: 0.09

BNL’s Current Ratio of 1.62 is in the upper quartile for the Diversified REITs industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

VICI

0.30

Specialized REITs Industry

Max: 1.74
Q3: 1.13
Median: 0.59
Q1: 0.35
Min: 0.09

VICI’s Current Ratio of 0.30 falls into the lower quartile for the Specialized REITs industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

BNL vs. VICI: A comparison of their Current Ratio (MRQ) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Debt-to-Equity Ratio (MRQ)

BNL

0.73

Diversified REITs Industry

Max: 1.15
Q3: 0.88
Median: 0.69
Q1: 0.55
Min: 0.18

BNL’s Debt-to-Equity Ratio of 0.73 is typical for the Diversified REITs industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

VICI

0.66

Specialized REITs Industry

Max: 4.54
Q3: 3.26
Median: 1.09
Q1: 0.58
Min: 0.16

VICI’s Debt-to-Equity Ratio of 0.66 is typical for the Specialized REITs industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

BNL vs. VICI: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Interest Coverage Ratio (TTM)

BNL

3.54

Diversified REITs Industry

Max: 11.29
Q3: 5.53
Median: 2.13
Q1: 1.00
Min: 0.40

BNL’s Interest Coverage Ratio of 3.54 is positioned comfortably within the norm for the Diversified REITs industry, indicating a standard and healthy capacity to cover its interest payments.

VICI

4.37

Specialized REITs Industry

Max: 5.24
Q3: 4.05
Median: 2.99
Q1: 2.10
Min: 1.28

VICI’s Interest Coverage Ratio of 4.37 is in the upper quartile for the Specialized REITs industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.

BNL vs. VICI: A comparison of their Interest Coverage Ratio (TTM) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Financial Strength at a Glance

Symbol	BNL	VICI
Current Ratio (MRQ)	1.62	0.30
Quick Ratio (MRQ)	1.62	0.30
Debt-to-Equity Ratio (MRQ)	0.73	0.66
Interest Coverage Ratio (TTM)	3.54	4.37

Growth

Revenue Growth

BNL vs. VICI: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

BNL vs. VICI: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

BNL

6.97%

Diversified REITs Industry

Max: 7.62%
Q3: 6.47%
Median: 5.27%
Q1: 4.51%
Min: 2.20%

With a Dividend Yield of 6.97%, BNL offers a more attractive income stream than most of its peers in the Diversified REITs industry, signaling a strong commitment to shareholder returns.

VICI

5.14%

Specialized REITs Industry

Max: 7.06%
Q3: 5.09%
Median: 4.51%
Q1: 3.18%
Min: 1.78%

With a Dividend Yield of 5.14%, VICI offers a more attractive income stream than most of its peers in the Specialized REITs industry, signaling a strong commitment to shareholder returns.

BNL vs. VICI: A comparison of their Dividend Yield (TTM) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Dividend Payout Ratio (TTM)

BNL

222.17%

Diversified REITs Industry

Max: 227.63%
Q3: 177.91%
Median: 95.61%
Q1: 65.09%
Min: 49.88%

BNL’s Dividend Payout Ratio of 222.17% is in the upper quartile for the Diversified REITs industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

VICI

65.35%

Specialized REITs Industry

Max: 295.93%
Q3: 182.11%
Median: 119.31%
Q1: 65.42%
Min: 43.86%

VICI’s Dividend Payout Ratio of 65.35% is in the lower quartile for the Specialized REITs industry. This suggests a conservative dividend policy, with a strategic focus on reinvesting profits for future growth.

BNL vs. VICI: A comparison of their Dividend Payout Ratio (TTM) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Dividend at a Glance

Symbol	BNL	VICI
Dividend Yield (TTM)	6.97%	5.14%
Dividend Payout Ratio (TTM)	222.17%	65.35%

Valuation

Price-to-Earnings Ratio (TTM)

BNL

31.88

Diversified REITs Industry

Max: 33.15
Q3: 27.78
Median: 21.77
Q1: 11.55
Min: 10.44

The P/E Ratio is often not the primary metric for valuation in the Diversified REITs industry.

VICI

12.72

Specialized REITs Industry

Max: 85.59
Q3: 64.69
Median: 29.09
Q1: 18.22
Min: 8.79

The P/E Ratio is often not the primary metric for valuation in the Specialized REITs industry.

BNL vs. VICI: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Price-to-Sales Ratio (TTM)

BNL

7.13

Diversified REITs Industry

Max: 13.25
Q3: 9.09
Median: 7.48
Q1: 4.24
Min: 1.63

BNL’s P/S Ratio of 7.13 aligns with the market consensus for the Diversified REITs industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

VICI

8.93

Specialized REITs Industry

Max: 14.35
Q3: 9.60
Median: 8.74
Q1: 5.61
Min: 1.63

VICI’s P/S Ratio of 8.93 aligns with the market consensus for the Specialized REITs industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

BNL vs. VICI: A comparison of their Price-to-Sales Ratio (TTM) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Price-to-Book Ratio (MRQ)

BNL

1.04

Diversified REITs Industry

Max: 1.65
Q3: 1.09
Median: 0.76
Q1: 0.65
Min: 0.49

BNL’s P/B Ratio of 1.04 is within the conventional range for the Diversified REITs industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

VICI

1.27

Specialized REITs Industry

Max: 11.33
Q3: 5.68
Median: 2.69
Q1: 1.81
Min: 0.71

VICI’s P/B Ratio of 1.27 is in the lower quartile for the Specialized REITs industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

BNL vs. VICI: A comparison of their Price-to-Book Ratio (MRQ) against their respective Diversified REITs and Specialized REITs industry benchmarks.

Valuation at a Glance

Symbol	BNL	VICI
Price-to-Earnings Ratio (TTM)	31.88	12.72
Price-to-Sales Ratio (TTM)	7.13	8.93
Price-to-Book Ratio (MRQ)	1.04	1.27
Price-to-Free Cash Flow Ratio (TTM)	46.24	16.31