MGP - Earnings announcements

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

-     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)