MGM Growth Properties (MGP) Reports Q2 EPS of $0.28

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Go back to MGM Growth Properties (MGP) Reports Q2 EPS of $0.28

MGM Growth Properties Reports Second Quarter Financial Results

August 6, 2021 8:45 AM EDT

LAS VEGAS, Aug. 6, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended June 30, 2021. Net income attributable to MGP Class A shareholders for the quarter was $43.9 million, or $0.28 per dilutive share.

Financial highlights for the second quarter of 2021:

Consolidated rental revenue of $188.3 million; Consolidated net income of $73.7 million, or $0.28 per diluted Operating Partnership unit; Consolidated Funds From Operations(1) ("FFO") of $142.0 million, or $0.53 per diluted Operating Partnership unit; Consolidated Adjusted Funds From Operations(2) ("AFFO") of $171.8 million, or $0.65... More