DLR vs. VICI: Digital Realty Trust vs. VICI Properties Stock Comparison

Company Profile

Digital Realty Trust (DLR) and VICI Properties (VICI) both belong to the Specialized REITs industry, though DLR is classified under Data Center REITs while VICI falls under Other Specialized REITs.

Both Digital Realty Trust (DLR) and VICI Properties (VICI) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Both Digital Realty Trust (DLR) at 3.34% and VICI Properties (VICI) at 8.28% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Neither Digital Realty Trust (DLR) in Equity Real Estate Investment Trusts (REITs) nor VICI Properties (VICI) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for Digital Realty Trust (DLR) in Equity Real Estate Investment Trusts (REITs) and VICI Properties (VICI) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Digital Realty Trust (DLR) at 10.04% sits in the top revenue growth quartile, while VICI Properties (VICI) at 4.08% is closer to the peer norm — faster top-line expansion for DLR.

EPS growth isn't a meaningful figure for either Digital Realty Trust (DLR) in Equity Real Estate Investment Trusts (REITs) or VICI Properties (VICI) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

VICI Properties (VICI) at 20.26 carries current ratio above its industry’s typical mid-range, while Digital Realty Trust (DLR) at 0.58 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

Both Digital Realty Trust (DLR) at 0.69 and VICI Properties (VICI) at 0.61 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

Financial Strength Metrics

Dividends

VICI Properties (VICI) at 7.18% offers top-quartile income, while Digital Realty Trust (DLR) at 2.79% sits in the bottom quartile — a wide gap in cash returned to shareholders.

An earnings-based payout ratio fits neither Digital Realty Trust (DLR) in Equity Real Estate Investment Trusts (REITs) nor VICI Properties (VICI) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either Digital Realty Trust (DLR) in Equity Real Estate Investment Trusts (REITs) or VICI Properties (VICI) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

VICI Properties (VICI) at 6.57 is priced about in line with its industry on P/S ratio, while Digital Realty Trust (DLR) at 9.47 sits in the pricier quartile — DLR costs more per dollar of sales.

VICI Properties (VICI) at 0.94 sits in the lower P/B ratio quartile against book while Digital Realty Trust (DLR) at 2.39 is valued near its industry’s middle — VICI is cheaper on assets, though weigh it against ROE and asset quality.

Valuation Metrics