MGM Growth Properties (MGP) Reports Q2 FFO of $0.49
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MGM Growth Properties LLC Reports Second Quarter Financial Results
August 7, 2018 8:45 AM EDTLAS VEGAS, Aug. 7, 2018 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended June 30, 2018. Net income attributable to MGP Class A shareholders for the quarter was $13.1 million, or $0.18 per dilutive share.
Financial highlights for the second quarter of 2018:
Rental revenue was $186.6 million; Net income was $48.1 million, or $0.18 per diluted Operating Partnership unit; Funds From Operations(1) ("FFO") was $130.0 million, or $0.49 per diluted Operating Partnership unit; Adjusted Funds From Operations(2) ("AFFO") was $145.6 million, or $0.55 per diluted Operating Partnership... More