MGM Growth Properties (MGP) Reports Q2 EPS of $0.12
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August 4, 2016 8:15 AM EDT
LAS VEGAS, Aug. 4, 2016 /PRNewswire/ --Â MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended June 30, 2016.
Key highlights include:
Diluted earnings per share for the second quarter of 2016 was $0.83, including $0.57 related to a gain on CityCenter's sale of The Shops at Crystals ("Crystals"), compared to diluted earnings per share of $0.17 in the prior year quarter;
Operating income was $769 million and included a $406 million gain related to the sale of Crystals;
Adjusted Property EBITDA surpassed $500 million for the...
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August 4, 2016 8:15 AM EDT
LAS VEGAS, Aug. 4, 2016 /PRNewswire/ --Â MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended June 30, 2016. Net income available to MGP Class A shareholders for the quarter was $7 million or $0.12 per dilutive share.
The Company's combined results of operations for the second quarter includes the period prior to the IPO on April 25, 2016 and the period after the IPO beginning on April 25, 2016 through June 30, 2016.
Financial highlights for the second quarter of 2016:
Rental revenue was $101 million;
Net income...
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