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.

TypePublic
HQLas Vegas, US
Founded2015
Websitemgmgrowthproperties.com
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 Revenue

MGM Growth Properties's revenue was reported to be $765.70 m in FY, 2017
USD

Revenue (Q2, 2018)

436.2m

Net income (Q2, 2018)

106.2m

EBIT (Q2, 2018)

210.3m

Market capitalization (18-Jan-2019)

7.8b

Closing stock price (18-Jan-2019)

29.2

Cash (30-Jun-2018)

289.9m
MGM Growth Properties's current market capitalization is $7.8 b.
Annual
USDFY, 2016FY, 2017

Revenue

467.5m765.7m

General and administrative expense

9.9m12.2m

Operating expense total

9.9m12.2m

Depreciation and amortization

220.7m260.5m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

110.9m172.5m183.9m184.5m182.8m215.8m436.2m

General and administrative expense

4.4m2.7m2.7m2.7m2.9m3.9m6.7m

Operating expense total

4.4m2.7m2.7m2.7m2.9m3.9m6.7m

Depreciation and amortization

51.5m53.1m54.3m60.2m68.7m69.0m136.5m
Annual
USDFY, 2016FY, 2017

Cash

259.7m

Accounts Receivable

1.9m

Inventories

350.3k

Total Assets

10.4b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

5.0k338.0m340.3m368.3m376.8m1.1b280.1m289.9m

PP&E

7.9b

Total Assets

5.0k8.2b9.5b9.4b9.4b10.1b10.3b10.3b

Total Liabilities

5.0k3.2b3.9b3.9b3.9b4.3b4.3b4.3b
Annual
USDFY, 2016FY, 2017

Net Income

166.0m

Depreciation and Amortization

260.5m

Inventories

141.4k

Accounts Payable

1.2m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(68.0m)(58.3m)(15.7m)46.7m90.6m134.3m58.2m106.2m

Depreciation and Amortization

51.5m104.6m158.9m61.7m121.9m190.6m69.0m136.5m

Cash From Operating Activities

(15.6m)62.3m182.4m230.7m363.9m145.2mwdxefcqufszuzezftuxetqsqxt284.3m

Cash From Investing Activities

(111.2m)(139.0m)(139.0m)(177.0k)(190.0k)
USDY, 2018

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 Revenue Breakdown

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

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MGM Growth Properties Online and Social Media Presence

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MGM Growth Properties News and Updates

MGM Growth Properties LLC Announces Tax Treatment Of 2018 Distributions

LAS VEGAS, Jan. 16, 2019 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) (the "Company") today announced the 2018 tax treatment of its Class A common share distributions as described below. 2018 Tax Information - Class A Common Share Box 1a Box 1b Box 2a Box 3 Box 5 Record Date...

MGM Growth Properties Receives BB+ Credit Rating From Fitch Ratings

LAS VEGAS, Nov. 27, 2018 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) today announced that it received a BB+ issuer default rating for MGM Growth Properties LLC and its Operating Partnership (collectively, "MGP") from Fitch Ratings. Fitch Ratings also assigned ratings of BBB- to...

MGM Growth Properties LLC Reports Third Quarter Financial Results

LAS VEGAS, Nov. 1, 2018 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended September 30, 2018 for its real estate investment trust ("REIT") operations and its taxable REIT subsidiary ("TRS") operations. Net ...

MGM Growth Properties LLC Announces Third Quarter 2018 Earnings Release Date

LAS VEGAS, Oct. 4, 2018 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the third quarter 2018 before the market opens on Thursday, November 1, 2018. MGP will host a conference call that day at 12:30 p.m. Eastern Time, which will include a...

MGM Growth Properties LLC Reports Second Quarter Financial Results

LAS VEGAS, Aug. 7, 2018 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended June 30, 2018. Net income attributable to MGP Class A shareholders for the quarter was $13.1 million, or $0.18 per dilutive share....

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...
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MGM Growth Properties Company Life and Culture

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MGM Growth Properties Frequently Asked Questions

  • When was MGM Growth Properties founded?

    MGM Growth Properties was founded in 2015.

  • What is MGM Growth Properties revenue?

    Latest MGM Growth Properties annual revenue is $765.7 m.

  • Who are MGM Growth Properties competitors?

    Competitors of MGM Growth Properties include Host Hotels & Resorts, Pennsylvania Real Estate Investment Trust and BBX Capital Corporation.

  • Where is MGM Growth Properties headquarters?

    MGM Growth Properties headquarters is located at 3950 S Las Vegas Blvd, Las Vegas.

  • Where are MGM Growth Properties offices?

    MGM Growth Properties has an office in Las Vegas.

  • How many offices does MGM Growth Properties have?

    MGM Growth Properties has 1 office.