MGM Growth Properties Reports First Quarter Financial Results

Go back to MGM Growth Properties Reports First Quarter Financial Results

MGM Growth Properties (MGP) Misses Q1 EPS by 2c, Revenues Miss

April 30, 2019 8:48 AM EDT

MGM Growth Properties (NYSE: MGP) reported Q1 EPS of $0.24, $0.02 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $271.26 million versus the consensus estimate of $287.33 million.

Rental revenue was $196.9 million;Consolidated net income was $66.4 million, or $0.23 per diluted Operating Partnership unit; which consisted of $53.6 million of net... More