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
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MGM Growth Properties Office Locations

MGM Growth Properties has an office in Las Vegas
Las Vegas, US (HQ)
3950 S Las Vegas Blvd
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MGM Growth Properties Financials and Metrics

MGM Growth Properties Financials

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

Revenue (Q2, 2017)

184.5 m

Net income (Q2, 2017)

43.9 m

EBIT (Q2, 2017)

90.2 m

Market capitalization (25-Apr-2018)

1.7 b

Cash (30-Jun-2017)

376.8 m
MGM Growth Properties's current market capitalization is $1.7 b.
Annual
USDFY, 2016

Revenue

467.5 m

Net Income

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

Revenue

183.9 m184.5 m

General and administrative expense

2.7 m2.7 m

Operating expense total

2.7 m2.7 m

EBIT

92 m90.2 m
Annual
USDFY, 2016

Accounts Receivable

1.9 m

Inventories

350.3 k

Accounts Payable

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

Cash

5 k368.3 m376.8 m

PP&E

7.9 b

Total Assets

5 k9.4 b9.4 b

Total Liabilities

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

Inventories

141.4 k

Accounts Payable

1.2 m
Quarterly
USDQ1, 2016Q1, 2017

Net Income

(68 m)46.7 m

Depreciation and Amortization

51.5 m61.7 m

Cash From Operating Activities

(15.6 m)

Cash From Investing Activities

(111.2 m)
USDY, 2017

Financial Leverage

1.7 x
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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
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MGM Growth Properties News and Updates

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.
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