MGM Growth Properties (MGP) Reports Q1 FFO of $0.56
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MGM Growth Properties Reports First Quarter Financial Results
May 5, 2020 8:45 AM EDTLAS VEGAS, May 5, 2020 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended March 31, 2020. Net loss attributable to MGP's Class A shareholders for the quarter was $49.7 million, or $0.40 per diluted share.
Other financial highlights for the first quarter of 2020 included:
Rental revenue of $203.5 million; Consolidated net loss of $125.3 million, or $0.39 per diluted Operating Partnership unit; which includes $193.7 million of Property transactions, net relating to the MGP BREIT Venture transaction; Funds From Operations(1) ("FFO") of $137.1 million, or $0.42 per... More