MGM Growth Properties is a publicly traded REIT engaged in the acquisition, ownership, and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. The Company's portfolio consists of premier destination resorts operated by MGM Resorts International, including casino resorts, and The Park in Las Vegas. MGM Growth Properties has six large-scale entertainment and gaming-related properties located on the Las Vegas Strip including Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor and Excalibur, and The Park, a dining and entertainment complex located between New York-New York and Monte Carlo. Outside of Las Vegas, the Company owns three casino resort properties including MGM Grand Detroit in Detroit, Michigan and Beau Rivage and Gold Strike Tunica, both of which are located in Mississippi.

Type
Public
HQ
Las Vegas, US
Founded
2015
MGM Growth Properties was founded in 2015 and is headquartered in Las Vegas, US
Report incorrect company information

MGM Growth Properties Office Locations

MGM Growth Properties has an office in Las Vegas
Las Vegas, US (HQ)
3950 S Las Vegas Blvd
Show all (1)
Report incorrect company information

MGM Growth Properties Financials and Metrics

MGM Growth Properties Revenue

MGM Growth Properties's revenue was reported to be $467.55 m in FY, 2016
USD

Revenue (Q1, 2018)

215.8 m

Net income (Q1, 2018)

58.2 m

EBIT (Q1, 2018)

109.8 m

Market capitalization (18-Jul-2018)

8.2 b

Closing share price (18-Jul-2018)

30.7

Cash (31-Mar-2018)

280.1 m
MGM Growth Properties's current market capitalization is $8.2 b.
Annual
USDFY, 2016

Revenue

467.5 m

Net Income

35.3 m
Quarterly
USDQ1, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

183.9 m184.5 m215.8 m

General and administrative expense

2.7 m2.7 m3.9 m

Operating expense total

2.7 m2.7 m3.9 m

Depreciation and amortization

69 m
Annual
USDFY, 2016

Accounts Receivable

1.9 m

Inventories

350.3 k

Accounts Payable

2.2 m
Quarterly
USDQ1, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

5 k368.3 m376.8 m280.1 m

PP&E

7.9 b

Total Assets

5 k9.4 b9.4 b10.3 b

Total Liabilities

5 k3.9 b3.9 b4.3 b
Annual
USDFY, 2016

Inventories

141.4 k

Accounts Payable

1.2 m
Quarterly
USDQ1, 2016Q1, 2017Q1, 2018

Net Income

(68 m)46.7 m58.2 m

Depreciation and Amortization

51.5 m61.7 m69 m

Cash From Operating Activities

(15.6 m)145.2 m

Cash From Investing Activities

(111.2 m)(177 k)
USDY, 2018

Financial Leverage

1.7 x
Show all financial metrics

MGM Growth Properties Operating Metrics

MGM Growth Properties's Rooms was reported to be 27.2 k in FY, 2016.
FY, 2016

Rooms

27.23 k
Show all operating metrics

MGM Growth Properties Revenue Breakdown

Embed Graph

MGM Growth Properties revenue breakdown by business segment: 10.3% from Tenant Reimbursements and Other and 89.7% from Rental Revenue

Report incorrect company information

MGM Growth Properties Online and Social Media Presence

Embed Graph
Report incorrect company information

MGM Growth Properties News and Updates

MGM Growth Properties LLC Completes Increase and Extension of Term Loan A and Revolver Through Amended Credit Facilities

LAS VEGAS, June 15, 2018 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) (the "Company") today announced that it has successfully amended its operating partnership's credit agreement to provide for a $750 million increase and extension of the revolving facility to $1,350 million due...

MGM Growth Properties to buy Hard Rock gaming facility for $1.06 bln

April 5 (Reuters) - U.S. resorts owner MGM Growth Properties LLC said on Thursday it would buy Hard Rock Rocksino Northfield Park, a gaming facility in Northfield, Ohio, for about $1.06 billion from Milstein Entertainment LLC.
Report incorrect company information

MGM Growth Properties Company Life and Culture

Report incorrect company information