Company

MGM Growth Properties LLC

Headquarters: Las Vegas, NV, United States

Founded: October 23, 2015

show_chart NYSE: MGP

Market Cap

$6.09 Billion

USD as of April 1, 2022

history Market Cap History

MGM Growth Properties LLC market capitalization over time

Evolution of MGM Growth Properties LLC market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of MGM Growth Properties LLC

Detailed Description

MGM Growth Properties LLC (NYSE: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. MGP, together with its joint venture, currently owns a portfolio of properties, consisting of 12 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, 2019, our destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage. 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.

Wikipedia Introduction

MGM Growth Properties LLC is a real estate investment trust based in Summerlin South, Nevada, that invests in large-scale casino properties. The company has whole or majority ownership of 15 properties, all of which are operated by MGM Resorts International. The company leases the properties to MGM Resorts via triple-net leases and receives annual payments of $756.7 million. Vici Properties has agreed to purchase the company for $17.2 billion.

Source: Wikipedia, retrieved on March 31, 2022, 9:01 p.m.

Stocks & Indices

MGM Growth Properties LLC has the following listings and related stock indices.


Stock: NYSE: MGP

Stock: FSX: 293

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Key People

Paul Salem, Chairman James C. Stewart, CEO

Financials

Revenue: $881 million (2019)

Net income: $275 million (2019)


Total assets: $11.9 billion (2019)

Total equity: $6.9 billion (2019)

Details

Headquarters:

1980 Festival Plaza Drive

Suite 750

Las Vegas, NV 89135

United States

Phone: 702-669-1480