MGM Growth Properties (MGP) Reports In-Line Q3 EPS, Revenues Miss

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MGM Growth Properties LLC Reports Third Quarter Financial Results

November 1, 2018 8:45 AM EDT

LAS VEGAS, Nov. 1, 2018 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended September 30, 2018 for its real estate investment trust ("REIT") operations and its taxable REIT subsidiary ("TRS") operations. Net income attributable to MGP Class A shareholders for the quarter was $19.5 million, or $0.27 per diluted share.

Financial highlights for the third quarter of 2018:

Rental revenue was $186.6 million; Consolidated net income was $69.9 million, or $0.26 per diluted Operating Partnership unit; which consisted of $57.7 million of... More