• VICI Properties average return on tangible equity for 2023 was 8.95, a 63.62% increase from 2022.
• VICI Properties average return on tangible equity for 2022 was 5.47, a 51.42% increase from 2021.
• VICI Properties average return on tangible equity for 2021 was 11.26, a 59.26% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.