MGM Growth Properties (MGP) Misses Q4 EPS by 2c, Revenues Miss

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MGM Growth Properties Reports Fourth Quarter And Full Year Financial Results

February 14, 2020 8:45 AM EST

LAS VEGAS, Feb. 14, 2020 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter and year ended December 31, 2019. Net income attributable to MGP Class A shareholders for the quarter was $25.9 million, or $0.25 per dilutive share, and for the year ended December 31, 2019 was $90.3 million, or $0.97 per dilutive share.

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... More