NLCP vs. VICI

Last updated Apr 1, 2026

Compare and contrast key facts about NewLake Capital Partners, Inc. (NLCP) and VICI Properties Inc. (VICI).

Performance

NLCP vs. VICI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NewLake Capital Partners, Inc. (NLCP) and VICI Properties Inc. (VICI). The values are adjusted to include any dividend payments, if applicable.

NLCP vs. VICI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NLCP NewLake Capital Partners, Inc.	-6.61%	2.42%	19.43%	11.85%	-39.27%	-2.96%
VICI VICI Properties Inc.	-1.26%	1.90%	-3.07%	3.58%	13.01%	5.34%

Fundamentals

Market Cap NLCP : $303.12M VICI : $29.19B
EPS NLCP : $1.25 VICI : $2.61
PE Ratio NLCP : 11.51 VICI : 10.48
PEG Ratio NLCP : 0.38 VICI : 0.59
PS Ratio NLCP : 5.93 VICI : 7.26
PB Ratio NLCP : 0.78 VICI : 1.05
Total Revenue (TTM) NLCP : $51.07M VICI : $4.01B
Gross Profit (TTM) NLCP : $41.21M VICI : $2.98B
EBITDA (TTM) NLCP : $42.77M VICI : $2.85B

Returns By Period

In the year-to-date period, NLCP achieves a -6.61% return, which is significantly lower than VICI's -1.26% return.

NLCP

• 1D: 0.63%
• 1M: -2.79%
• YTD: -6.61%
• 6M: 15.30%
• 1Y: 13.34%
• 3Y*: 17.12%
• 5Y*: —
• 10Y*: —

VICI

• 1D: 0.77%
• 1M: -8.09%
• YTD: -1.26%
• 6M: -13.48%
• 1Y: -11.11%
• 3Y*: -0.30%
• 5Y*: 4.30%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NLCP vs. VICI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NLCP

NLCP Risk / Return Rank: 57
NLCP Sharpe Ratio Rank: 60
NLCP Sortino Ratio Rank: 53
NLCP Omega Ratio Rank: 53
NLCP Calmar Ratio Rank: 58
NLCP Martin Ratio Rank: 58

VICI

VICI Risk / Return Rank: 19
VICI Sharpe Ratio Rank: 15
VICI Sortino Ratio Rank: 15
VICI Omega Ratio Rank: 16
VICI Calmar Ratio Rank: 25
VICI Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NLCP vs. VICI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NewLake Capital Partners, Inc. (NLCP) and VICI Properties Inc. (VICI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NLCP	VICI	Difference
Sharpe ratio Return per unit of total volatility	0.51	-0.62	+1.13
Sortino ratio Return per unit of downside risk	0.92	-0.79	+1.71
Omega ratio Gain probability vs. loss probability	1.12	0.91	+0.21
Calmar ratio Return relative to maximum drawdown	0.71	-0.53	+1.24
Martin ratio Return relative to average drawdown	1.60	-1.04	+2.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NLCP vs. VICI - Sharpe Ratio Comparison

The current NLCP Sharpe Ratio is 0.51, which is higher than the VICI Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of NLCP and VICI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NLCP	VICI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	-0.62	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	0.35	-0.55

Correlation

The correlation between NLCP and VICI is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NLCP vs. VICI - Dividend Comparison

NLCP's dividend yield for the trailing twelve months is around 11.91%, more than VICI's 6.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NLCP NewLake Capital Partners, Inc.	11.91%	10.80%	9.71%	9.81%	8.99%	1.50%	0.00%	0.00%	0.00%
VICI VICI Properties Inc.	6.52%	6.28%	5.80%	5.05%	4.63%	4.58%	4.92%	4.58%	5.31%

Drawdowns

NLCP vs. VICI - Drawdown Comparison

The maximum NLCP drawdown since its inception was -58.59%, roughly equal to the maximum VICI drawdown of -60.21%. Use the drawdown chart below to compare losses from any high point for NLCP and VICI.

Drawdown Indicators

	NLCP	VICI	Difference
Max Drawdown Largest peak-to-trough decline	-58.59%	-60.21%	+1.62%
Max Drawdown (1Y) Largest decline over 1 year	-14.78%	-17.88%	+3.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.61%	—
Current Drawdown Current decline from peak	-29.36%	-15.69%	-13.67%
Average Drawdown Average peak-to-trough decline	-33.94%	-8.07%	-25.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.57%	9.07%	-2.50%

Volatility

NLCP vs. VICI - Volatility Comparison

NewLake Capital Partners, Inc. (NLCP) and VICI Properties Inc. (VICI) have volatilities of 6.86% and 6.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NLCP	VICI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	6.75%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	16.44%	12.15%	+4.29%
Volatility (1Y) Calculated over the trailing 1-year period	26.16%	18.12%	+8.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.99%	21.14%	+8.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.99%	29.50%	+0.49%

Financials

NLCP vs. VICI - Profitability Comparison

The chart below illustrates the profitability comparison between NewLake Capital Partners, Inc. and VICI Properties Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NLCP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NewLake Capital Partners, Inc. reported a gross profit of 11.09M and revenue of 12.34M. Therefore, the gross margin over that period was 89.9%.

VICI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, VICI Properties Inc. reported a gross profit of 0.00 and revenue of 1.01B. Therefore, the gross margin over that period was 0.0%.

NLCP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NewLake Capital Partners, Inc. reported an operating income of 6.28M and revenue of 12.34M, resulting in an operating margin of 50.9%.

VICI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, VICI Properties Inc. reported an operating income of 0.00 and revenue of 1.01B, resulting in an operating margin of 0.0%.

NLCP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NewLake Capital Partners, Inc. reported a net income of 6.04M and revenue of 12.34M, resulting in a net margin of 48.9%.

VICI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, VICI Properties Inc. reported a net income of 604.77M and revenue of 1.01B, resulting in a net margin of 60.2%.