MGM Growth Properties (MGP) Reports Q3 FFO of 49c
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MGM Growth Properties LLC Reports Third Quarter Financial Results
November 8, 2017 7:45 AM ESTLAS VEGAS, Nov. 8, 2017 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended September 30, 2017. Net income attributable to MGP Class A shareholders for the quarter was $11.0 million, or $0.18 per dilutive share.
Financial highlights for the third quarter of 2017:
Rental revenue was $163.2 million; Net income was $43.7 million, or $0.18 per diluted Operating Partnership unit; Funds From Operations(1) ("FFO") was $114.0 million, or $0.46 per diluted Operating Partnership unit; Adjusted Funds From Operations(2) ("AFFO") was $121.7 million, or $0.49 per diluted Operating Partnership unit;... More