MGM Growth Properties (MGP) Misses Q3 FFO by 1c; Revs Strong
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
MGM Growth Properties LLC Reports Third Quarter Results
November 7, 2016 7:42 AM ESTLAS 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... MoreMGM Resorts International Reports Third Quarter Financial And Operating Results
November 7, 2016 7:40 AM ESTLAS 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%... More