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ERP Operating Ltd Partnership vs Vici Properties: VRMK and VICI compared
ERP Operating Ltd Partnership is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $1.1B for Vici Properties (Q2 2026). ERP Operating Ltd Partnership is growing faster (+56% against +6% a year earlier). Vici Properties is more profitable, with an operating margin of 50.5% against -72.4%.
Where the money goes: VRMK and VICI
ERP Operating Ltd Partnership (VRMK) · Q3 2026
ERP Operating Ltd Partnership, Q3 2026: revenue $1.2B (+56% year over year), operating margin -72.4%, net loss $747M. The chart follows the revenue to costs, profit and cash.
Vici Properties (VICI) · Q2 2026
Vici Properties, Q2 2026: revenue $1.1B (+6% year over year), operating margin 50.5%, net earnings $527M, operating cash flow $728M. The chart follows the revenue to costs, profit and cash.
| ERP Operating Ltd Partnership (VRMK) | Vici Properties (VICI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.2B | $1.1B |
| Revenue growth, Y/Y | +56% | +6% |
| Operating margin | -72.4% | 50.5% |
| Net earnings | −$747M | $527M |
| Net margin | -62.5% | 49.7% |
| Operating cash flow | — | $728M |
| Free cash flow | — | $728M |
| Market value | — | $27.0B |
| P/E | — | 11.4× |
| Analysts’ mean target | — | $29.61 |
Questions
Which is bigger, ERP Operating Ltd Partnership or Vici Properties?
ERP Operating Ltd Partnership is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $1.1B for Vici Properties (Q2 2026).
Is ERP Operating Ltd Partnership or Vici Properties growing faster?
ERP Operating Ltd Partnership is growing faster (+56% against +6% a year earlier).
Which is more profitable, ERP Operating Ltd Partnership or Vici Properties?
Vici Properties is more profitable, with an operating margin of 50.5% against -72.4%.
More: ERP Operating Ltd Partnership earnings · how ERP Operating Ltd Partnership makes money · Vici Properties earnings · how Vici Properties makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed Jul 29, 2026). Fiscal quarters can end on different dates. Not investment advice.