MGM Growth Properties (MGP) Reports Q2 FFO of $0.49

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/30/2026

1. NOW
2. GOOGL
3. MSFT
4. FTNT
5. EBAY
6. CMG
7. TENB
8. BIIB
9. KLAC
10. CART

Go back to MGM Growth Properties (MGP) Reports Q2 FFO of $0.49

MGM Growth Properties LLC Reports Second Quarter Financial Results

August 7, 2018 8:45 AM EDT

LAS 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