MGM Growth Properties (MGP) Reports In-Line Q4 EPS, Revenues Beat
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MGM Growth Properties Reports Fourth Quarter And Full Year Financial Results
February 14, 2019 8:45 AM ESTLAS VEGAS, Feb. 14, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter and year ended December 31, 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 $18.6 million, or $0.26 per dilutive share and for the year ended December 31, 2018 was $67.1 million, or $0.94 per dilutive share.
Financial highlights for the fourth quarter of 2018:
Rental revenue was $186.6 million; Consolidated net income was $68.6 million,... More