MGM Growth Properties (MGP) Reports Q4 FFO of $0.57
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MGM Growth Properties Reports Fourth Quarter And Full Year Financial Results
February 16, 2021 8:45 AM ESTLAS VEGAS, Feb. 16, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter and year ended December 31, 2020. Net income attributable to MGP Class A shareholders for the quarter was $41.5 million, or $0.31 per dilutive share, and for the year ended December 31, 2020 was $76.1 million, or $0.59 per dilutive share.
Financial highlights for the fourth quarter of 2020:
Consolidated rental revenue of $188.3 million; Consolidated net income of $91.3 million, or $0.31 per diluted Operating Partnership unit; Consolidated Funds From Operations(1) ("FFO") of $160.1 million, or $0.54 per diluted... More