MGP - MGM Growth Properties LLC

NYSE - Nasdaq Real Time Price. Currency in USD
29.26
-0.10 (-0.34%)
As of 11:20AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close29.36
Open29.41
Bid29.24 x 800
Ask29.29 x 800
Day's Range29.04 - 29.35
52 Week Range25.50 - 33.30
Volume43,672
Avg. Volume694,270
Market Cap8.559B
Beta (3Y Monthly)0.53
PE Ratio (TTM)29.11
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.82 (6.27%)
Ex-Dividend Date2019-06-27
1y Target EstN/A
Trade prices are not sourced from all markets
All
News
Press Releases
  • PR Newswire

    MGM Growth Properties Reports Second Quarter Financial Results

    LAS VEGAS , Aug. 6, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended June 30, 2019. Net income ...

  • PR Newswire

    MGM Growth Properties Announces Second Quarter 2019 Earnings Release Date

    LAS VEGAS , July 8, 2019 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the second quarter 2019 before the market opens on Tuesday, August 6, 2019 . MGP will ...

  • PR Newswire

    MGM Growth Properties Increases Quarterly Dividend To An Annualized Rate Of $1.87 Per Share

    LAS VEGAS, June 14, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (MGP) today announced that its board of directors declared a quarterly cash dividend of $0.4675 per Class A common share for the second quarter. On an annualized basis, the dividend of $1.87 represents an increase of $0.01 per share.  This is the 8th dividend increase since MGP's initial public offering in April 2016. MGM Growth Properties LLC (MGP) is one of the leading publicly traded 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.

  • PR Newswire

    MGM Growth Properties Reports First Quarter Financial Results

    LAS VEGAS , April 30, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended March 31, 2019 for its ...

  • PR Newswire

    MGM Growth Properties LLC Announces First Quarter 2019 Earnings Release Date

    LAS VEGAS , April 9, 2019 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the first quarter 2019 before the market opens on Tuesday, April 30, 2019 . MGP will ...

  • PR Newswire

    MGM Resorts International And MGM Growth Properties Complete Transaction For MGM Northfield Park

    LAS VEGAS , April 1, 2019 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (NYSE: MGM) and MGM Growth Properties LLC ("MGP") (NYSE: MGP) announced today that they have completed ...

  • PR Newswire

    MGM Growth Properties Increases Quarterly Dividend To An Annualized Rate Of $1.86 Per Share

    LAS VEGAS , March 15, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.465 per Class A common ...

  • PR Newswire

    MGM Growth Properties And MGM Resorts International Complete Transaction For Park MGM And NoMad Las Vegas Improvements And Amend Terms Of Northfield Park Transaction

    LAS VEGAS, March 7, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (MGP) and MGM Resorts International ("MGM Resorts") (MGM) announced today that they have completed the previously announced transaction relating to the investments made to reposition Park MGM and NoMad Las Vegas for total consideration of $637.5 million.  MGP and MGM Resorts agreed that 5% of the consideration, approximately $31.9 million, would be paid through the issuance of operating partnership units to MGM Resorts and the remaining $605.6 million would be paid in cash. As part of the transaction, the annual rent under the existing Master Lease between MGP and MGM Resorts was increased by $50 million.  Consistent with the Master Lease terms, 90 percent of the increased rent will be contractually fixed to grow at two percent per year until 2022, and thereafter will continue to grow provided a tenant revenue-to-rent ratio is met.  The remaining 10 percent is payable in percentage rent.

  • GlobeNewswire

    Factors of Influence in 2019, Key Indicators and Opportunity within Edison International, Host Hotels & Resorts, Mondelez International, CACI International, MGM Growth Properties, and Chemed — New Research Emphasizes Economic Growth

    NEW YORK, March 04, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • PR Newswire

    MGM Growth Properties Reports Fourth Quarter And Full Year Financial Results

    LAS VEGAS , Feb. 14, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter and year ended December 31, ...

  • PR Newswire

    MGM Growth Properties Announces Closing Of Upsized Public Offering Of Class A Shares And Exercise Of Over-Allotment Option

    LAS VEGAS, Jan. 31, 2019 /PRNewswire/ -- MGM Growth Properties LLC (MGP) (the "Company") today announced that it has closed its previously announced underwritten follow-on public offering of 19,550,000 Class A shares (the "shares"), which includes 2,550,000 shares sold pursuant to the exercise in full by the underwriters of their over-allotment option, at a public offering price of $29.25 per share for expected net proceeds of approximately $548.3 million.  The 17,000,000 Class A shares prior to the exercise of the over-allotment option was increased from the originally announced offering size of 14,500,000 Class A shares. "We are pleased to have achieved another successful follow-on offering," said James Stewart, CEO of MGP.

  • PR Newswire

    MGM Resorts International And MGM Growth Properties Complete Transaction To Acquire Empire City Casino In Yonkers, New York

    LAS VEGAS, Jan. 29, 2019 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (MGM) and MGM Growth Properties LLC ("MGP") (MGP) announced today that they have completed the transactions for the acquisition of Empire City Casino in Yonkers, New York ("Empire City"). Following MGM Resorts' acquisition of Empire City for approximately $850 million, MGP acquired the developed real property from MGM Resorts for approximately $625 million and leased it back to a subsidiary of MGM Resorts that will operate the property.

  • PR Newswire

    MGM Growth Properties LLC Announces Pricing Of Upsized Public Offering Of 17,000,000 Class A Shares

    LAS VEGAS, Jan. 28, 2019 /PRNewswire/ -- MGM Growth Properties LLC (MGP) (the "Company") today announced that it has priced its previously announced underwritten follow-on public offering of 17,000,000 Class A shares (the "shares") at a public offering price of $29.25 per share for expected net proceeds of $476.7 million. As part of the offering, the Company also granted the underwriters a 30-day overallotment option to purchase up to an additional 2,550,000 Class A shares.  If the underwriters exercise their overallotment option to purchase additional shares in full, the expected net proceeds of the offering would be approximately $548.3 million.  The 17,000,000 Class A shares represented an increase of 2,500,000 Class A shares from the original offering size of 14,500,000 Class A shares.  The offering is expected to close on January 31, 2019, subject to customary closing conditions.

  • PR Newswire

    MGM Growth Properties LLC Announces Commencement Of Public Offering Of 14,500,000 Class A Shares

    LAS VEGAS, Jan. 28, 2019 /PRNewswire/ -- MGM Growth Properties LLC (MGP) (the "Company") today announced that it has commenced an underwritten public offering of 14,500,000 Class A shares (the "shares"). As part of the offering, the Company also intends to grant the underwriters a 30-day overallotment option to purchase up to an additional 2,175,000 shares. The Company plans to use the net proceeds of the offering in part to repay revolver draws, with the balance for general corporate purposes, including the acquisition of real property associated with Empire City Casino's race track and casino (the "Empire City Transaction") from MGM Resorts International ("MGM") and payment of consideration to MGM for renovations undertaken by MGM regarding the Park MGM and NoMad Las Vegas property (the "Park MGM Lease Transaction").

  • PR Newswire

    MGM Growth Properties Operating Partnership LP Announces Closing Of Upsized $750 Million Senior Notes Offering

    "We are very pleased with the strong reception our Company has received in the debt capital markets, which allowed us to upsize the transaction to $750 million," said James Stewart, Chief Executive Officer of MGM Growth Properties LLC. "This transaction will provide liquidity for future potential acquisitions and improves our debt maturity profile.

  • PR Newswire

    MGM Growth Properties Operating Partnership LP Announces Pricing Of Upsized $750 Million Senior Notes Offering

    LAS VEGAS, Jan. 22, 2019 /PRNewswire/ -- MGM Growth Properties Operating Partnership LP and MGP Finance Co-Issuer, Inc. (together, the "Issuers"), consolidated subsidiaries of MGM Growth Properties LLC (MGP) (the "Company"), have priced $750 million in aggregate principal amount of 5.750% senior notes due 2027 (the "notes") at par.  The $750 million aggregate principal amount of the notes represented an increase of $250 million from the original offering size of $500 million.  The offering is expected to close on January 25, 2019, subject to customary closing conditions. The Issuers plan to use the net proceeds of the offering (i) to repay revolver draws, which were primarily related to payments for acquisitions completed in 2018 or expected to be completed in early 2019, (ii) for working capital and general corporate purposes, which may include additional acquisitions and (iii) to pay fees and expenses related to the offering.

  • PR Newswire

    MGM Growth Properties Operating Partnership LP Announces Proposed Private Offering

    The notes proposed to be offered will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States or to any U.S. persons absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes will be offered only to "qualified institutional buyers" under Rule 144A of the Securities Act or, outside the United States, to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act. This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any offer, solicitation or sale of any notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.  The Company gives no assurance that the proposed offering can be completed on any terms or at all.

  • PR Newswire

    /C O R R E C T I O N -- MGM Growth Properties/

    In the news release, MGM Growth Properties LLC Announces Tax Treatment Of 2018 Distributions, issued 16-Jan-2019 by MGM Growth Properties over PR Newswire, we are advised by the company that in the "Record ...

  • GlobeNewswire

    Report: Exploring Fundamental Drivers Behind SkyWest, Pacific Biosciences of California, Lennar, Regeneron Pharmaceuticals, MGM Growth Properties, and Cincinnati Bell — New Horizons, Emerging Trends, and Upcoming Developments

    NEW YORK, Jan. 17, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • PR Newswire

    MGM Growth Properties LLC Announces Fourth Quarter And Full Year 2018 Earnings Release Date

    LAS VEGAS , Jan. 16, 2019 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the fourth quarter and full year 2018 before the market opens on Thursday, February ...

  • PR Newswire

    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. ...

  • PR Newswire

    MGM Resorts International And MGM Growth Properties Announce Transaction On Park MGM And NoMad Las Vegas

    MGM Growth Properties to Pay Consideration of $637.5 million to MGM Resorts Master Lease Rent to Increase by $50 million LAS VEGAS , Dec. 20, 2018 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") ...

  • PR Newswire

    MGM Growth Properties Increases Quarterly Dividend To An Annualized Rate Of $1.79 Per Share

    LAS VEGAS, Dec. 14, 2018 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (MGP) today announced that its board of directors declared a quarterly cash dividend of $0.4475 per Class A common share for the fourth quarter. On an annualized basis, the dividend of $1.79 represents an increase of $0.11 per share year to date, for a total increase of approximately 6.5%.  This is the 6th dividend increase since MGP's initial public offering in April 2016. MGM Growth Properties LLC (MGP) is one of the leading publicly traded 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.

  • PR Newswire

    MGM Growth Properties Receives BB+ Credit Rating From Fitch Ratings

    LAS VEGAS, Nov. 27, 2018 /PRNewswire/ -- MGM Growth Properties LLC (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 MGP's senior secured credit facility and BB+ to MGP's senior unsecured notes. "The key drivers of our ratings as indicated by Fitch Ratings include MGP's stable cash flows, high quality assets, and conservative financial policy," said Andy Chien, CFO of MGM Growth Properties.

  • GlobeNewswire

    Recent Analysis Shows MGM Growth Properties, LaSalle Hotel Properties, Hanesbrands, Independence Realty Trust, Jernigan Capital, and Norbord Market Influences — Renewed Outlook, Key Drivers of Growth

    NEW YORK, Nov. 07, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.