MGM Growth Properties (MGP) Reports Q4 FFO of 44c

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Go back to MGM Growth Properties (MGP) Reports Q4 FFO of 44c

MGM Growth Properties LLC Reports Fourth Quarter And Full Year Financial Results

February 20, 2018 7:45 AM EST

LAS VEGAS, Feb. 20, 2018 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter and year ended December 31, 2017. Net income attributable to MGP Class A shareholders for the quarter was $8.7 million, or $0.12 per dilutive share and the year ended December 31, 2017 was $41.8 million, or $0.67 per dilutive share.

Financial highlights for the fourth quarter of 2017:

Rental revenue was $185.6 million; Net income was $31.7 million, or $0.12 per diluted Operating Partnership unit; Funds From Operations(1) ("FFO") was $116.5 million, or $0.44 per diluted Operating Partnership unit;... More