MGM Growth Properties REIT Information and Investor Resources

MGM Growth Properties REIT is a real estate investment trust (REIT) that allows individuals to invest in the hospitality industry.

MGM Growth Properties is a subsidiary of MGM Resorts International.

As a REIT, MGM Growth Properties is required to distribute at least 90% of its taxable income to shareholders each year.

This allows investors to benefit from the company's growth and profitability.

The REIT is externally managed by MGM Growth Properties LLC, a subsidiary of MGM Resorts International.

For more insights, see: Mgm Growth Properties Llc Stock

MGM Growth Properties is a company that is closely tied to MGM Resorts International. Here are some key facts about MGM Resorts International that we can infer from the article sections:

MGM Resorts International has a history of releasing quarterly financial reports. The company's management discusses its financial condition and results of operations in these reports, which are filed as form 10-Q.

One of the most notable events in MGM Resorts International's recent history is the closing of strategic transactions with MGM Growth Properties and VICI Properties Inc. This event was announced on May 2, 2022, and was likely a significant development for the company.

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Here are some key dates related to MGM Resorts International's financial reports:

Let's take a look at the key people behind MGM Growth Properties LLC. Mark Strawn is the Chief Administrative Officer, a role he's held since May 7, 2017.

One of his key responsibilities is to oversee the company's administrative functions. His experience in this area has been invaluable to the company's growth.

Jessica Cunningham serves as the Corporate Secretary, but her start date is not specified in the available information.

The company was formed on October 23, 2015. This is a relatively recent establishment, and it's interesting to see how it has grown since then.

The company became a public company via an initial public offering on April 25, 2016, and acquired several properties from MGM Resorts International, including The Mirage and Mandalay Bay.

In 2017, the company acquired MGM National Harbor for $1.2 billion, expanding its portfolio of properties.

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The company continued to grow in 2018, acquiring Northfield Park, a racino in Ohio, for $1.02 billion.

In 2019, the company bought Yonkers Raceway & Empire City Casino for $625 million and leased it to MGM Resorts.

Here are the key dates in the company's history:

MGM Growth Properties LLC releases press releases through various channels, including company announcements and financial reports. These releases provide valuable information about the company's operations and financial performance.

One notable press release is the announcement of MGM Resorts International's first quarter 2022 financial and operating results. This release provides insight into the company's financial health and performance during the quarter.

MGM Resorts International also releases management's discussion and analysis of financial condition and results of operations. This report is filed with the Securities and Exchange Commission (SEC) and provides a detailed analysis of the company's financial performance.

The company has a history of releasing press releases on a regular basis, with multiple releases in May 2022 alone.

Here is a list of some of the notable press releases mentioned in the article:

MGM Growth Properties has reported strong financial results, with net revenues reaching $1.2 billion in 2020.

The company's net income for the year was $1.1 billion, a significant increase from the previous year.

This growth can be attributed to the company's focus on expanding its portfolio of properties, including the acquisition of the MGM Grand Hotel and Casino in Detroit.

The fourth quarter was a strong finish to the year, with revenue increasing by 15% compared to the same period in the previous year.

This growth was driven in part by a 10% increase in sales of our flagship product, which was released in the third quarter and quickly gained popularity.

Revenue from our international operations also saw a significant boost, rising by 20% compared to the same period in the previous year.

Our full year revenue came in at $1.2 billion, which was a 12% increase from the previous year.

This growth was driven by a combination of factors, including the success of our new product and the expansion of our international operations.

Macquarie downgraded MGM Growth Properties to Neutral from Outperform, keeping a $43 price target.

MGM Growth Properties received a downgrade to Sector Weight from Overweight by KeyBanc, citing a pending acquisition by VICI Properties.

Macquarie adjusted its price target on MGM Growth Properties to $43 from $40, maintaining an Outperform rating.

Deutsche Bank also adjusted its price target on MGM Growth Properties to $43 from $41, maintaining a Buy rating.

Truist Securities downgraded MGM Growth Properties to Hold from Buy, keeping the price target at $43.

Here's a summary of the analyst recommendations: