MGM Growth Properties LLC (MGP)


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April 28, 2022


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About the Company

MGM Growth Properties LLC is one of the leading real estate investment trusts 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. MGP currently owns a portfolio of properties, consisting of 11 premier destination resorts in Las Vegas and elsewhere across the United States , MGM Northfield Park in Northfield, OH , Empire Resort Casino in Yonkers, NY , as well as a retail and entertainment district, The Park in Las Vegas. As of December 31, 2018 , its destination resorts, the Park, and MGM Northfield Park collectively comprise approximately 27,400 hotel rooms, 2.7 million convention square footage, 150 retail outlets, 300 food and beverage outlets and 20 entertainment venues. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries.

Sector

Finance and Insurance

Industry

Other Financial Vehicles

Employees

3

Exchange

NEW YORK STOCK EXCHANGE INC.

Website

www.mgmgrowthproperties.com

$50M

Total Revenue

3

Employees

$83M

Market Capitalization

15.03

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest $MGP News

MGM Resorts reportedly exploring sale of Springfield casino

8d ago, source: The Boston Globe

MGM won the license to operate in Springfield after Massachusetts authorized casino gambling. The casino, which opened in ...

MGM National Harbor battles for lower tax assessment

1mon ago, source: The Business Journals

The casino resort sits on land owned by National Harbor Grand LLC, an affiliate of National ... to a real estate investment trust called MGM Growth Properties LP (NYSE: MGP).

MGM Resorts explores sale of Northfield Park Casino

8d ago, source: Crain's Cleveland Business

The real estate at both casinos is owned by Vici Properties Inc., a New York-based real estate investment trust that acquired MGM Growth Properties, MGM’s REIT affiliate, almost two years ago. A Vici ...

Beat the S&P 500 With This Cash-Gushing Dividend Stock

6d ago, source: Nasdaq

As the rental income of its properties increases, so does their intrinsic value. Vici has made several acquisitions, including the Venetian Resort and rival REIT MGM Growth Properties, that have ...

VICI Properties: A Value Grab in an Overpriced Market

11d ago, source: Yahoo Finance

The gaming REIT sector was created in 2013 with the development of Gaming and Leisure Properties Inc. (NASDAQ:GLPI), the first entrant into the space. The second entrant, MGM Growth Properties ...

MGM Resorts rallies after Mizuho says shares are undervalued

2d ago, source: Seeking Alpha

Mizuho thinks MGM (MGM) should command a higher trading multiple due to the growth opportunities with the Marriott ...

Breaking Down MGM Resorts Intl: 7 Analysts Share Their Views

2d ago, source:

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $55.29, along with a high estimate of $61.00 and a low estimate of $45.00. Marking an ...

MGM RESORTS INTERNATIONAL REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2023 RESULTS

1mon ago, source: Morningstar

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...

MGM Resorts reportedly exploring sale of Springfield casino

8d ago, source: The Boston Globe

The real estate at both casinos is owned by Vici Properties Inc., a New York-based real estate investment trust that acquired MGM Growth Properties, MGM’s REIT affiliate, almost two years ago.

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