MGM Growth Properties Reports Fourth Quarter And Full Year Financial Results
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MGM Growth Properties (MGP) Misses Q4 EPS by 2c, Revenues Miss
February 14, 2020 8:53 AM ESTMGM Growth Properties (NYSE: MGP) reported Q4 EPS of $0.25, $0.02 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $225.89 million versus the consensus estimate of $229.38 million.
Financial highlights for the fourth quarter of 2019:
Rental revenue was $219.8 million;Consolidated net income was $72.9 million, or $0.24 per diluted Operating Partnership unit;Funds From Operations(1) ("FFO") was $144.0 million, or $0.47 per diluted Operating Partnership unit;Adjusted Funds From Operations(2) ("AFFO") was $177.5 million, or $0.58 per... More