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    MGM Growth Properties LLC

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    $MGP
    Real Estate Investment Trusts
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    MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGP, together with its joint venture, currently owns a portfolio of properties, consisting of 12 premier destination resorts in Las Vegas and elsewhere across the United States, MGM Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. As of December 31, 2019, our destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries.

    IPO Year: 2016

    Exchange: NYSE

    Website: mgmgrowthproperties.com

    Peers

    $MGPI
    $VICI

    Recent Analyst Ratings for MGM Growth Properties LLC

    DatePrice TargetRatingAnalyst
    12/6/2021Outperform → Neutral
    Macquarie
    12/6/2021$43.00Outperform → Neutral
    Macquarie
    9/28/2021Overweight → Sector Weight
    Keybanc
    8/9/2021Buy → Hold
    Truist
    See more ratings

    MGM Growth Properties LLC Press Releases

    Fastest customizable press release news feed in the world

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    • Land & Buildings Issues Presentation Highlighting Opportunity to Unlock Substantial Real Estate Value at Six Flags

       Believes a REIT Conversion or Sale of the Company's Real Estate Could Result in 100% Upside to Current Share Price Over Next 18 Months Given the Deep Discount SIX is Currently Trading At L&B Has Had Constructive Discussions with Management and Believes the 2022 Repositioning Strategy Should Lead to Higher Attendance and Strong EBITDA Growth in 2023 Confident Multiple Parties Would Be Interested in Sale-Leaseback Transaction of Six Flags Parks at a Premium Valuation and That a Six Flags REIT Would Trade at Superior Valuation to SIX Shares Today Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings", "L&B," "us" or "we"), an approximately 3% sharehol

      12/21/22 7:00:00 AM ET
      $EPR
      $GLPI
      $HST
      $MAR
      Real Estate Investment Trusts
      Real Estate
      Hotels/Resorts
      Consumer Discretionary
    • MGM RESORTS INTERNATIONAL ANNOUNCES THE CLOSING OF STRATEGIC TRANSACTIONS WITH MGM GROWTH PROPERTIES AND VICI PROPERTIES INC.

      LAS VEGAS, April 29, 2022 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") today announced the closing of the previously announced transactions with VICI Properties Inc. ("VICI") (NYSE:VICI) and MGM Growth Properties LLC ("MGP") (NYSE:MGP) whereby VICI redeemed a majority of the MGP operating partnership units held by MGM Resorts for $43 per unit, or approximately $4.4 billion in cash and acquired 100% of the outstanding class A shares of MGP in a stock-for-stock transaction. "Our partnership with MGP over the last six years has provided si

      4/29/22 4:15:00 PM ET
      $MGM
      $MGP
      $VICI
      Hotels/Resorts
      Consumer Discretionary
      Real Estate Investment Trusts
      Consumer Services
    • VICI Properties Inc. Completes $17.2 Billion Strategic Acquisition of MGM Growth Properties LLC

      – Adds 15 Marquee Assets Expanding Real Estate Portfolio to 43 Class-A Properties – – Increases Annual Rent by Over $1.0 Billion – – Diversifies Tenant Base to Eight Best-In-Class Operators – – Closes on $5.0 Billion of Investment Grade Senior Unsecured Notes – – Settles the Exchange Offer and Consent Solicitation for Notes Originally Issued by MGP – VICI Properties Inc. (NYSE:VICI) ("VICI," "VICI Properties" or the "Company"), an experiential real estate investment trust, today announced it has closed on the previously announced acquisition of MGM Growth Properties LLC (NYSE:MGP) ("MGP"). Upon completion of the merger, VICI will have an estimated enterprise value of approximately $44.

      4/29/22 4:15:00 PM ET
      $MGM
      $MGP
      $VICI
      Hotels/Resorts
      Consumer Discretionary
      Real Estate Investment Trusts
      Consumer Services
    • MGM GROWTH PROPERTIES REPORTS FIRST QUARTER FINANCIAL RESULTS

      LAS VEGAS, April 21, 2022 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE:MGP) today reported financial results for the quarter ended March 31, 2022. Net income attributable to MGP Class A shareholders for the quarter was $69.4 million, or $0.44 per dilutive share. Financial highlights for the first quarter of 2022: Consolidated rental revenue of $195.1 million;Consolidated net income of $116.5 million, or $0.43 per diluted Operating Partnership unit;Consolidated Funds From Operations(1) ("FFO") of $191.4 million, or $0.71 per diluted Operating Partnership unit;Consolidated Adjusted Funds From Operations(2) ("AFFO") of $184.6 million, or $0.69 per diluted Operating P

      4/21/22 8:45:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM GROWTH PROPERTIES INCREASES QUARTERLY DIVIDEND TO AN ANNUALIZED RATE OF $2.12 PER SHARE

      LAS VEGAS, March 15, 2022 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.53 per Class A common share for the first quarter.  On an annualized basis, the dividend of $2.12 represents an increase of $0.02 per share.  This is the 16th dividend increase since MGP's initial public offering in April 2016.  The dividend will be payable on April 14, 2022 to shareholders of record as of the close of business on March 31, 2022.   About MGM Growth Properties LLC  MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership a

      3/15/22 9:00:00 AM ET
      $MGP
      Real Estate Investment Trusts
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    • MGM Growth Properties Reports Fourth Quarter And Full Year Financial Results

      LAS VEGAS, Feb. 10, 2022 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE:MGP) today reported financial results for the quarter and year ended December 31, 2021. Net income attributable to MGP Class A shareholders for the quarter was $52.0 million, or $0.33 per dilutive share, and for the year ended December 31, 2021 was $205.5 million, or $1.36 per dilutive share. Financial highlights for the fourth quarter of 2021: Consolidated rental revenue of $193.0 million; Consolidated net income of $87.0 million, or $0.32 per diluted Operating Partnership unit; Consolidated Funds From Operations(1) ("FFO") of $160.2 million, or $0.60 per diluted Operating Partnership unit; Co

      2/10/22 8:45:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM GROWTH PROPERTIES LLC ANNOUNCES TAX TREATMENT OF 2021 DISTRIBUTIONS

      LAS VEGAS, Jan. 20, 2022 /PRNewswire/ -- MGM Growth Properties LLC (NYSE:MGP) (the "Company") today announced the 2021 tax treatment of its Class A common share distributions as described below. 2021 Tax Information - Class A Common Share Box 1a Box 1b Box 2a Box 3 Box 5 Record Date Payable Date Type of Distribution Total Distribution Per Share Total Taxable Distribution Ordinary Dividends Qualified Dividends Capital Gain Distribution Nondividend Distributions Section 199A Dividends 2020 Distribution 2022 Distribution 12/31/2020 1/15/2021 Cash $0.487500 $0.487500 $0.395395 $0.000000 $0.000000 $0.092105 $0.395395 N/A N/A 3/31/2021 4/15/2021 Cash $0.495000 $0.495000 $0.401478 $0.000000 $0.00

      1/20/22 7:57:00 PM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM GROWTH PROPERTIES INCREASES QUARTERLY DIVIDEND TO AN ANNUALIZED RATE OF $2.10 PER SHARE

      LAS VEGAS, Dec. 15, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.525 per Class A common share for the fourth quarter.  On an annualized basis, the dividend of $2.10 represents an increase of $0.02 per share.  This is the 15th dividend increase since MGP's initial public offering in April 2016.  The dividend will be payable on January 14, 2022 to shareholders of record as of the close of business on December 31, 2021.   About MGM Growth Properties LLC  MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, owner

      12/15/21 9:00:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties Reports Third Quarter Financial Results

      LAS VEGAS, Nov. 3, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE:MGP) today reported financial results for the quarter ended September 30, 2021. Net income attributable to MGP Class A shareholders for the quarter was $50.0 million, or $0.32 per dilutive share. Financial highlights for the third quarter of 2021: Consolidated rental revenue of $188.3 million; Consolidated net income of $83.1 million, or $0.31 per diluted Operating Partnership unit; Consolidated Funds From Operations(1) ("FFO") of $151.5 million, or $0.56 per diluted Operating Partnership unit; Consolidated Adjusted Funds From Operations(2) ("AFFO") of $175.1 million, or $0.65 per diluted Operat

      11/3/21 8:45:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • VICI Properties Stockholders Approve Issuance of Common Stock for Acquisition of MGM Growth Properties LLC

      VICI Properties Inc. (NYSE:VICI) ("VICI Properties" or the "Company") announced today that VICI Properties stockholders approved the proposal to issue VICI common stock in connection with the closing of the previously announced strategic acquisition of MGM Growth Properties LLC (NYSE:MGP) ("MGP"). At the VICI Properties Special Meeting of Stockholders held today, more than 99.9% of the votes cast were voted in favor of the issuance of new shares of VICI common stock to MGP Class A stockholders as consideration in the merger, which votes represented approximately 90% of the outstanding shares of VICI common stock. The transaction is subject to customary closing conditions and regulatory ap

      10/29/21 4:15:00 PM ET
      $MGP
      $VICI
      Real Estate Investment Trusts
      Consumer Services
      Real Estate

    MGM Growth Properties LLC Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • MGM Growth Properties downgraded by Macquarie

      Macquarie downgraded MGM Growth Properties from Outperform to Neutral

      12/6/21 8:40:10 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties downgraded by Macquarie with a new price target

      Macquarie downgraded MGM Growth Properties from Outperform to Neutral and set a new price target of $43.00

      12/6/21 8:14:56 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties downgraded by Keybanc

      Keybanc downgraded MGM Growth Properties from Overweight to Sector Weight

      9/28/21 4:34:55 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties downgraded by Truist

      Truist downgraded MGM Growth Properties from Buy to Hold

      8/9/21 7:21:18 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • Wolfe Research initiated coverage on MGM Growth Properties with a new price target

      Wolfe Research initiated coverage of MGM Growth Properties with a rating of Peer Perform and set a new price target of $43.00

      6/15/21 7:00:02 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties downgraded by BofA Securities with a new price target

      BofA Securities downgraded MGM Growth Properties from Buy to Underperform and set a new price target of $38.00

      5/4/21 7:52:58 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • Morgan Stanley reiterated coverage on MGM Growth Properties with a new price target

      Morgan Stanley reiterated coverage of MGM Growth Properties with a rating of Equal-Weight and set a new price target of $38.00 from $34.00 previously

      5/4/21 7:49:41 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • KeyBanc Capital Markets initiated coverage on MGM Growth Properties with a new price target

      KeyBanc Capital Markets initiated coverage of MGM Growth Properties with a rating of Overweight and set a new price target of $39.00

      3/15/21 6:52:02 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • KeyBanc initiated coverage on MGM Growth Properties

      KeyBanc initiated coverage of MGM Growth Properties with a rating of Overweight

      3/15/21 7:48:10 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • Morgan Stanley reiterated coverage on MGM Growth Properties with a new price target

      Morgan Stanley reiterated coverage of MGM Growth Properties with a rating of Equal Weight and set a new price target of $34.00 from $31.00 previously

      2/25/21 10:44:18 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services

    MGM Growth Properties LLC SEC Filings

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    MGM Growth Properties LLC Large Ownership Changes

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    MGM Growth Properties LLC Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    • SEC Form 15-12B filed by MGM Growth Properties LLC

      15-12B - MGM Growth Properties LLC (0001656936) (Filer)

      5/9/22 4:22:59 PM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • SEC Form POSASR filed by MGM Growth Properties LLC

      POSASR - MGM Growth Properties LLC (0001656936) (Filer)

      4/29/22 5:20:48 PM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • SEC Form S-8 POS filed by MGM Growth Properties LLC

      S-8 POS - MGM Growth Properties LLC (0001656936) (Filer)

      4/29/22 5:23:06 PM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • SEC Form 25-NSE filed by MGM Growth Properties LLC

      25-NSE - MGM Growth Properties LLC (0001656936) (Subject)

      4/29/22 10:34:10 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • SEC Form 10-K filed by MGM Growth Properties LLC

      10-K - MGM Growth Properties LLC (0001656936) (Filer)

      2/16/22 9:04:43 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • SEC Form 10-Q filed by MGM Growth Properties LLC

      10-Q - MGM Growth Properties LLC (0001656936) (Filer)

      11/3/21 9:07:24 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties LLC filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - MGM Growth Properties LLC (0001656936) (Filer)

      11/3/21 8:55:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties LLC filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

      8-K - MGM Growth Properties LLC (0001656936) (Filer)

      10/29/21 5:24:09 PM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties LLC filed SEC Form 8-K: Other Events

      8-K - MGM Growth Properties LLC (0001656936) (Filer)

      10/22/21 5:02:09 PM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties LLC filed SEC Form 8-K: Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Financial Statements and Exhibits

      8-K - MGM Growth Properties LLC (0001656936) (Filer)

      9/27/21 5:01:04 PM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • SEC Form SC 13G filed by MGM Growth Properties LLC

      SC 13G - MGM Growth Properties LLC (0001656936) (Subject)

      2/11/22 2:48:43 PM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • SEC Form SC 13G/A filed by MGM Growth Properties LLC (Amendment)

      SC 13G/A - MGM Growth Properties LLC (0001656936) (Subject)

      2/11/22 12:22:48 PM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • SEC Form SC 13G filed by MGM Growth Properties LLC

      SC 13G - MGM Growth Properties LLC (0001656936) (Subject)

      2/10/22 3:46:45 PM ET
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      Consumer Services
    • SEC Form SC 13G/A filed by MGM Growth Properties LLC (Amendment)

      SC 13G/A - MGM Growth Properties LLC (0001656936) (Subject)

      2/10/22 8:27:52 AM ET
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    • SEC Form SC 13G/A filed

      SC 13G/A - MGM Growth Properties LLC (0001656936) (Subject)

      2/16/21 3:46:32 PM ET
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    • SEC Form SC 13G/A filed

      SC 13G/A - MGM Growth Properties LLC (0001656936) (Subject)

      2/12/21 7:32:06 AM ET
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    • SEC Form SC 13G/A filed

      SC 13G/A - MGM Growth Properties LLC (0001656936) (Subject)

      2/12/21 7:17:29 AM ET
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    • SEC Form SC 13G/A filed

      SC 13G/A - MGM Growth Properties LLC (0001656936) (Subject)

      2/12/21 7:16:58 AM ET
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    • SEC Form SC 13G/A filed

      SC 13G/A - MGM Growth Properties LLC (0001656936) (Subject)

      2/12/21 7:05:28 AM ET
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    • SEC Form SC 13G filed

      SC 13G - MGM Growth Properties LLC (0001656936) (Subject)

      2/11/21 10:53:45 AM ET
      $MGP
      Real Estate Investment Trusts
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    • SEC Form 4: Stewart James C. was granted 32,075 units of Class A Common Shares, covered exercise/tax liability with 12,621 units of Class A Common Shares and returned 263,266 units of Class A Common Shares to the company, closing all direct ownership in the company to cover withholding tax

      4 - MGM Growth Properties LLC (0001656936) (Issuer)

      5/2/22 8:34:03 PM ET
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      Real Estate Investment Trusts
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    • SEC Form 4: Chien Andy H was granted 16,037 units of Class A Common Shares, covered exercise/tax liability with 6,311 units of Class A Common Shares and returned 115,887 units of Class A Common Shares to the company, closing all direct ownership in the company to cover taxes

      4 - MGM Growth Properties LLC (0001656936) (Issuer)

      5/2/22 8:31:19 PM ET
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    • SEC Form 4: Roberts Thomas A returned 5,228 units of Class A Common Shares to the company, closing all direct ownership in the company (withholding obligation)

      4 - MGM Growth Properties LLC (0001656936) (Issuer)

      5/2/22 8:29:50 PM ET
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    • SEC Form 4: Mcmanus John returned 27,582 units of Class A Common Shares to the company, closing all direct ownership in the company (tax liability)

      4 - MGM Growth Properties LLC (0001656936) (Issuer)

      5/2/22 8:28:01 PM ET
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    • SEC Form 4: Irving Charles returned 1,000 units of Class A Common Shares to the company, closing all direct ownership in the company (tax withholding)

      4 - MGM Growth Properties LLC (0001656936) (Issuer)

      5/2/22 8:26:35 PM ET
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    • SEC Form 4 filed by Coleman Kathryn to satisfy tax liability

      4 - MGM Growth Properties LLC (0001656936) (Issuer)

      5/2/22 8:24:51 PM ET
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    • SEC Form 4 filed by Taylor Daniel J (withholding tax)

      4 - MGM Growth Properties LLC (0001656936) (Issuer)

      5/2/22 8:22:32 PM ET
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    • SEC Form 4: Sanders Corey Ian returned 235,741 units of Class A Common Shares to the company, closing all direct ownership in the company to cover withholding tax

      4 - MGM Growth Properties LLC (0001656936) (Issuer)

      5/2/22 8:09:15 PM ET
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    • SEC Form 4 filed by Salem Paul J to satisfy tax liability

      4 - MGM Growth Properties LLC (0001656936) (Issuer)

      5/2/22 8:08:01 PM ET
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    • SEC Form 4: Stewart James C. converted options into 4,578 units of Class A Common Shares and covered exercise/tax liability with 1,803 units of Class A Common Shares, increasing direct ownership by 1% to 241,785 units

      4 - MGM Growth Properties LLC (0001656936) (Issuer)

      4/26/22 8:15:45 PM ET
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    MGM Growth Properties LLC Financials

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    • MGM GROWTH PROPERTIES REPORTS FIRST QUARTER FINANCIAL RESULTS

      LAS VEGAS, April 21, 2022 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE:MGP) today reported financial results for the quarter ended March 31, 2022. Net income attributable to MGP Class A shareholders for the quarter was $69.4 million, or $0.44 per dilutive share. Financial highlights for the first quarter of 2022: Consolidated rental revenue of $195.1 million;Consolidated net income of $116.5 million, or $0.43 per diluted Operating Partnership unit;Consolidated Funds From Operations(1) ("FFO") of $191.4 million, or $0.71 per diluted Operating Partnership unit;Consolidated Adjusted Funds From Operations(2) ("AFFO") of $184.6 million, or $0.69 per diluted Operating P

      4/21/22 8:45:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties Reports Fourth Quarter And Full Year Financial Results

      LAS VEGAS, Feb. 10, 2022 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE:MGP) today reported financial results for the quarter and year ended December 31, 2021. Net income attributable to MGP Class A shareholders for the quarter was $52.0 million, or $0.33 per dilutive share, and for the year ended December 31, 2021 was $205.5 million, or $1.36 per dilutive share. Financial highlights for the fourth quarter of 2021: Consolidated rental revenue of $193.0 million; Consolidated net income of $87.0 million, or $0.32 per diluted Operating Partnership unit; Consolidated Funds From Operations(1) ("FFO") of $160.2 million, or $0.60 per diluted Operating Partnership unit; Co

      2/10/22 8:45:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM GROWTH PROPERTIES LLC ANNOUNCES TAX TREATMENT OF 2021 DISTRIBUTIONS

      LAS VEGAS, Jan. 20, 2022 /PRNewswire/ -- MGM Growth Properties LLC (NYSE:MGP) (the "Company") today announced the 2021 tax treatment of its Class A common share distributions as described below. 2021 Tax Information - Class A Common Share Box 1a Box 1b Box 2a Box 3 Box 5 Record Date Payable Date Type of Distribution Total Distribution Per Share Total Taxable Distribution Ordinary Dividends Qualified Dividends Capital Gain Distribution Nondividend Distributions Section 199A Dividends 2020 Distribution 2022 Distribution 12/31/2020 1/15/2021 Cash $0.487500 $0.487500 $0.395395 $0.000000 $0.000000 $0.092105 $0.395395 N/A N/A 3/31/2021 4/15/2021 Cash $0.495000 $0.495000 $0.401478 $0.000000 $0.00

      1/20/22 7:57:00 PM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties Reports Third Quarter Financial Results

      LAS VEGAS, Nov. 3, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE:MGP) today reported financial results for the quarter ended September 30, 2021. Net income attributable to MGP Class A shareholders for the quarter was $50.0 million, or $0.32 per dilutive share. Financial highlights for the third quarter of 2021: Consolidated rental revenue of $188.3 million; Consolidated net income of $83.1 million, or $0.31 per diluted Operating Partnership unit; Consolidated Funds From Operations(1) ("FFO") of $151.5 million, or $0.56 per diluted Operating Partnership unit; Consolidated Adjusted Funds From Operations(2) ("AFFO") of $175.1 million, or $0.65 per diluted Operat

      11/3/21 8:45:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties Reports Second Quarter Financial Results

      LAS VEGAS, Aug. 6, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE:MGP) today reported financial results for the quarter ended June 30, 2021. Net income attributable to MGP Class A shareholders for the quarter was $43.9 million, or $0.28 per dilutive share. Financial highlights for the second quarter of 2021: Consolidated rental revenue of $188.3 million; Consolidated net income of $73.7 million, or $0.28 per diluted Operating Partnership unit; Consolidated Funds From Operations(1) ("FFO") of $142.0 million, or $0.53 per diluted Operating Partnership unit; Consolidated Adjusted Funds From Operations(2) ("AFFO") of $171.8 million, or $0.65 per diluted Operating

      8/6/21 8:45:00 AM ET
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      Real Estate Investment Trusts
      Consumer Services
    • MGM Resorts International Announces Transformational Agreements With MGM Growth Properties And VICI

      LAS VEGAS, Aug. 4, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts" or the "Company") (NYSE:MGM) today announced that it has entered into a definitive agreement with VICI Properties Inc. ("VICI") (NYSE:VICI) and MGM Growth Properties LLC ("MGP") (NYSE:MGP) whereby VICI would redeem a majority of MGP operating partnership units held by MGM Resorts for $43 per unit, or approximately $4.4 billion in cash, and acquire 100% of the outstanding class A shares of MGP in a stock-for-stock transaction. "In 2016 we started on our journey to become asset light and this annou

      8/4/21 7:00:00 AM ET
      $MGM
      $MGP
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      Hotels/Resorts
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      Consumer Services
    • VICI Properties Inc. Announces $17.2 Billion Strategic Acquisition of MGM Growth Properties LLC

      -     Creates America's Largest Owner of Experiential Real Estate with an Enterprise Value of Approximately $45 Billion   - -     Transaction Expected to be Accretive to AFFO per Share Immediately Upon Closing    - -     Positions Balance Sheet for Investment Grade Status   - -      Significantly Diversifies Tenant Base While Enhancing Portfolio Quality, Size and Scale to Drive Future Growth and Value Creation    - -       VICI Announces 9.1% Dividend Increase   - -     Conference Call to Discuss Transaction to be Held at 8:00am ET    - VICI Properties Inc. (NYSE:VICI) ("VICI Properties" or "VICI"), MGM Growth Properties LLC (NYSE:MGP) ("MGP") and MGM Resorts International (NYSE:MGM)

      8/4/21 7:00:00 AM ET
      $MGM
      $MGP
      $VICI
      Hotels/Resorts
      Consumer Discretionary
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties Reports Fourth Quarter And Full Year Financial Results

      LAS VEGAS, Feb. 16, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter and year ended December 31, 2020. Net income attributable to MGP Class A shareholders for the quarter was $41.5 million, or $0.31 per dilutive share, and for the year ended December 31, 2020 was $76.1 million, or $0.59 per dilutive share. Financial highlights for the fourth quarter of 2020: Consolidated rental revenue of $188.3 million; Consolidated net income of $91.3 million, or $0.31 per diluted Operating Partnership unit; Consolidated Funds From Operations(1) ("FFO") of $160.1 million, or $0.54 per diluted Operating Partnership un

      2/16/21 8:45:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties LLC Announces Tax Treatment Of 2020 Distributions

      LAS VEGAS, Jan. 20, 2021 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) (the "Company") today announced the 2020 tax treatment of its Class A common share distributions as described below. 2020 Tax Information - Class A Common Share Box 1a Box 1b Box 2a Box 3 Box 5 Record Date Payable Date Type of Distribution Total Distribution Per Share Total Taxable Distribution Ordinary Dividends Qualified Dividends Capital Gain Distribution Nondividend Distributions Section 199A Dividends 2019 Distribution 2021 Distribution 12/31/2019 1/15/2020 Cash $0.470000 $0.470000 $0.358594 $0.000000 $0.000000 $0.111406 $0.358594 N/A N/A 3/31/2020

      1/20/21 9:15:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services
    • MGM Growth Properties Announces Quarterly Dividend

      LAS VEGAS, Dec. 15, 2020 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.4875 per Class A common share for the fourth quarter (which represents a dividend of $1.95 on an annualized basis). The dividend will be payable on January 15, 2021 to shareholders of record as of the close of business on December 31, 2020.   About MGM Growth Properties LLC  MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include c

      12/15/20 9:00:00 AM ET
      $MGP
      Real Estate Investment Trusts
      Consumer Services