MGM Growth Properties (MGP) Misses Q3 FFO by 1c; Revs Strong
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November 7, 2016 7:42 AM EST
LAS VEGAS, Nov. 7, 2016 /PRNewswire/ --Â MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended September 30, 2016. Net income available to MGP Class A shareholders for the quarter was $10.6 million, or $0.18 per dilutive share.
Financial highlights for the third quarter of 2016:
Rental revenue was $154.8 million;
Net income was $42.7 million;
Funds From Operations(1) ("FFO") was $98.4 million, or $0.42 per diluted Operating Partnership unit;
Adjusted Funds From Operations(2) ("AFFO") was $111.1 million, or $0.48 per diluted Operating Partnership unit;
Adjusted EBITDA(3) was $151.3...
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November 7, 2016 7:40 AM EST
LAS VEGAS, Nov. 7, 2016 /PRNewswire/ --Â MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended September 30, 2016.
 Key highlights include:
Diluted earnings per share for the third quarter of 2016 of $0.93, including $0.60 related to a $430 million gain on Borgata acquisition and a $0.20 charge related to the NV Energy exit, compared to diluted earnings per share of $0.12 in the prior year quarter;
Net revenues of $1.9 billion at the Company's domestic resorts, a 16% increase over the prior year quarter, and an 8%...
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