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MGM Growth Properties LLC (MGP.N)

MGP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MGM Growth Properties To Acquire Empire City Casino In Yonkers
Tuesday, 29 May 2018 08:30am EDT 

May 29 (Reuters) - MGM Growth Properties LLC ::TOTAL CONSIDERATION OF $850 MILLION FOR REAL ESTATE AND OPERATIONS.MGM RESORTS INTERNATIONAL AND MGM GROWTH PROPERTIES LLC ANNOUNCE TRANSACTIONS TO ACQUIRE EMPIRE CITY CASINO IN YONKERS, NEW YORK.MGP TO PAY CONSIDERATION OF $625 MILLION TO MGM RESORTS FOR DEVELOPED REAL ESTATE ASSETS.TRANSACTION EXPECTED TO BE ACCRETIVE FOR BOTH MGM RESORTS AND MGP.SUBSEQUENT TO EMPIRE CITY DEAL, MGM RESORTS, MGP AGREED MGM RESORTS WILL SELL DEVELOPED REAL PROPERTY TO MGP FOR ABOUT $625 MILLION.EXPECTS TO FUND DEAL WITH CASH, BORROWINGS, ISSUANCE OF OPERATING PARTNERSHIP UNITS TO UNIT OF MGM RESORTS.MGM RESORTS BELIEVE DEAL WILL BE VALUE-ACCRETIVE WITHIN FIRST YEAR OF CLOSE.  Full Article

MGM Growth Properties Reports Q1 Adjusted FFO Per Share $0.53
Thursday, 26 Apr 2018 08:40am EDT 

April 26 (Reuters) - MGM Growth Properties LLC ::REPORTS FIRST QUARTER FINANCIAL RESULTS.Q1 ADJUSTED FFO PER SHARE $0.53.Q1 FFO PER SHARE $0.49.QTRLY REVENUE WAS $215.8 MILLION VERSUS $183.9 MILLION.Q1 REVENUE VIEW $214.5 MILLION -- THOMSON REUTERS I/B/E/S.Q1 FFO PER SHARE VIEW $0.53 -- THOMSON REUTERS I/B/E/S.  Full Article

MGM Growth Properties To Acquire Hard Rock Rocksino Northfield Park For About $1.06 Bln
Thursday, 5 Apr 2018 08:30am EDT 

April 5 (Reuters) - MGM Growth Properties LLC ::MGM GROWTH PROPERTIES LLC ANNOUNCES AGREEMENT TO ACQUIRE THE HARD ROCK ROCKSINO NORTHFIELD PARK.DEAL FOR APPROXIMATELY $1.06 BILLION.‍MGP PLANS TO FUND PURCHASE PRICE WITH A COMBINATION OF CASH ON HAND AND DEBT​.PARTY OPERATOR.MEMBERSHIP INTEREST PURCHASE DEAL WILL BE FOR 100% OF OUTSTANDING LIMITED LIABILITY CO INTERESTS IN NORTHFIELD PARK ASSOCIATES.MGP INTENDS TO RETAIN OWNERSHIP OF REAL ESTATE, ANTICIPATING $50 TO $60 MILLION OF ANNUAL RENT.  Full Article

MGM Growth Properties Reports Q4 FFO Per Share Of $0.44
Tuesday, 20 Feb 2018 07:45am EST 

Feb 20 (Reuters) - MGM Growth Properties Llc ::REPORTS FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS.Q4 ADJUSTED FFO PER SHARE $0.52.Q4 FFO PER SHARE $0.44.QTRLY REVENUES $214.5 MILLION VERSUS $184.1 MILLION.Q4 FFO PER SHARE VIEW $0.51 -- THOMSON REUTERS I/B/E/S.Q4 REVENUE VIEW $208.6 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

MGM Growth Properties LLC Announces Proposal To Combine With VICI Properties
Tuesday, 16 Jan 2018 09:00am EST 

Jan 16 (Reuters) - MGM Growth Properties Llc ::PRESS RELEASE - MGM GROWTH PROPERTIES LLC ANNOUNCES PROPOSAL TO COMBINE WITH VICI PROPERTIES INC..MGM GROWTH PROPERTIES LLC - CONSIDERATION WOULD BE IN FORM OF MGP SHARES, WITH EXCHANGE RATIO FIXED AT SIGNING OF A DEFINITIVE AGREEMENT.MGM GROWTH PROPERTIES - PROPOSING TO BUY 100% OF VICI'S OUTSTANDING COMMON STOCK FOR $19.50 PER SHARE.MGM GROWTH PROPERTIES LLC - UPON COMPLETION OF DEAL, VICI SHAREHOLDERS WOULD OWN ABOUT 43% OF COMBINED CO.MGM GROWTH PROPERTIES LLC - ITS OFFER IS NOT CONTINGENT ON ANY FINANCING CONDITION.MGM GROWTH PROPERTIES LLC - BELIEVES THAT A COMBINATION WITH VICI WOULD BE ACCRETIVE TO AFFO.  Full Article

MGM Growth Properties Operating Partnership LP Announces Launch Of Exchange Offer
Friday, 5 Jan 2018 04:30pm EST 

Jan 5 (Reuters) - MGM Growth Properties Llc ::MGM GROWTH PROPERTIES OPERATING PARTNERSHIP LP ANNOUNCES LAUNCH OF EXCHANGE OFFER FOR ITS 4.500% SENIOR NOTES DUE 2028.MGM GROWTH - UNITS ‍COMMENCED OFFER TO EXCHANGE ANY, ALL THEIR OUTSTANDING $350 MILLION 4.500% SENIOR NOTES DUE 2028 FOR NEW 4.500% SENIOR NOTES DUE 2028​.  Full Article

MGM Growth Properties Announces Increased Quarterly Dividend
Friday, 15 Dec 2017 08:45am EST 

Dec 15 (Reuters) - Mgm Growth Properties Llc ::MGM GROWTH PROPERTIES LLC ANNOUNCES INCREASED QUARTERLY DIVIDEND.MGM GROWTH PROPERTIES LLC - MGM GROWTH PROPERTIES OPERATING PARTNERSHIP LP DECLARED DISTRIBUTION OF $0.42/UNIT FOR Q4.MGM GROWTH PROPERTIES LLC - CO'S BOARD DECLARED A QUARTERLY CASH DIVIDEND OF $0.42 PER CLASS A COMMON SHARE FOR Q4.  Full Article

MGM Growth Properties Q3 FFO per share $0.46
Wednesday, 8 Nov 2017 07:45am EST 

Nov 8 (Reuters) - MGM Growth Properties LLC :MGM Growth Properties LLC reports third quarter financial results.Q3 adjusted FFO per share $0.49.Q3 FFO per share $0.46.  Full Article

MGM Growth Properties Operating Partnership LP announces pricing of $350 million senior notes offering
Thursday, 7 Sep 2017 04:27pm EDT 

Sept 7 (Reuters) - MGM Growth Properties LLC :MGM Growth Properties Operating Partnership LP announces pricing of $350 million senior notes offering.MGM Growth Properties LLC - units ‍have priced $350 million in aggregate principal amount of 4.500% senior notes due 2028​.MGM Growth Properties LLC - ‍priced $350 million in aggregate principal amount of 4.500% senior notes due 2028 in a private placement at par​.  Full Article

MGM Growth Properties announces proposed private offering
Thursday, 7 Sep 2017 08:06am EDT 

Sept 7 (Reuters) - MGM Growth Properties Llc :MGM Growth Properties Operating Partnership LP announces proposed private offering.MGM Growth Properties LLC - co, units announced that issuers propose to offer $350 million in aggregate principal amount of senior notes due 2027​.MGM Growth Properties- net proceeds of offering to pay MGM Resorts International portion of $1,187.5 million purchase price for long-term leasehold interest.  Full Article

BRIEF-MGM Growth Properties Reports Q4 FFO Per Share Of $0.44

* Q4 REVENUE VIEW $208.6 MILLION -- THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage: