MGM Growth Properties (MGP) Reports Q2 AFFO of 50c

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Go back to MGM Growth Properties (MGP) Reports Q2 AFFO of 50c

MGM Growth Properties LLC Reports Second Quarter Financial Results

August 8, 2017 8:40 AM EDT

LAS VEGAS, Aug. 8, 2017 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended June 30, 2017. Net income attributable to MGP Class A shareholders for the quarter was $10.7 million, or $0.18 per dilutive share.

Financial highlights for the second quarter of 2017:

Rental revenue was $163.2 million; Net income was $43.9 million, or $0.18 per diluted Operating Partnership unit; Funds From Operations(1) ("FFO") was $114.7 million, or $0.47 per diluted Operating Partnership unit; Adjusted Funds From Operations(2) ("AFFO") was $121.7 million, or $0.50 per diluted Operating... More