Last10K.com

Mgm Growth Properties Operating Partnership Lp (1691299) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

SEC Filings

Mgm Growth Properties Operating Partners

CIK: 1691299


Exhibit 99.1
g275168g1105051634256a02.jpg
MGM GROWTH PROPERTIES REPORTS THIRD QUARTER FINANCIAL RESULTS
Las Vegas, Nevada, November 5, 2019 – MGM Growth Properties LLC (“MGP” or the “Company”) (NYSE: MGP) today reported financial results for the quarter ended September 30, 2019. Net income attributable to MGP’s Class A shareholders for the quarter was $22.5 million, or $0.24 per diluted share.
Other financial highlights for the third quarter of 2019 included:
Rental revenue of $219.8 million;
Consolidated net income of $68.6 million, or $0.23 per diluted Operating Partnership unit;
Funds From Operations(1) (“FFO”) of $150.4 million, or $0.51 per diluted Operating Partnership unit;
Adjusted Funds From Operations(2) (“AFFO”) of $173.1 million, or $0.59 per diluted Operating Partnership unit;
Adjusted EBITDA(3) of $232.6 million; and
General and administrative expenses were $4.5 million.
“We are pleased to present our third quarter 2019 results. MGP increased its dividend for the 9th time since the IPO to an annualized dividend of $1.88 per share, representing a 5.0% year to date increase and an increase of 31.5% since the IPO,” said James Stewart, CEO of MGM Growth Properties. “We are excited about the growth opportunities available to us in the market right now and continue to evaluate numerous prospects in the gaming and leisure spaces using a disciplined approach focused on sustainable, long-term value creation.”



Page 1 of 6

The following information was filed by Mgm Growth Properties Operating Partnership Lp on Tuesday, November 5, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Mgm Growth Properties Operating Partnership Lp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Mgm Growth Properties Operating Partnership Lp.

Continue

Assess how Mgm Growth Properties Operating Partnership Lp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Mgm Growth Properties Operating Partnership Lp's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Partners' Capital
Condensed Consolidated Statements Of Shareholders' Equity
- Debt (Details)
Acquisitions And Dispositions
Acquisitions And Dispositions - (Tables)
Acquisitions And Dispositions - Assets Held-For-Sale (Details)
Acquisitions And Dispositions - Narrative (Details)
Acquisitions And Dispositions - Results Of Discontinued Operations (Details)
Business
Business - Narrative (Details)
Commitments And Contingencies
Condensed Consolidating Financial Information
Condensed Consolidating Financial Information - (Tables)
Condensed Consolidating Financial Information - Consolidating Balance Sheet Information (Details)
Condensed Consolidating Financial Information - Consolidating Statement Of Cash Flows Information (Details)
Condensed Consolidating Financial Information - Consolidating Statement Of Operations And Comprehensive Income Information (Details)
Debt
Debt - (Tables)
Debt - Narrative (Details)
Derivatives And Hedging Activities
Derivatives And Hedging Activities - (Tables)
Derivatives And Hedging Activities - Narrative (Details)
Derivatives And Hedging Activities - Schedule Of Interest Rate Derivatives (Details)
Leases
Leases - (Tables)
Leases - Lease Cost (Details)
Leases - Narrative (Details)
Leases - Operating Lease Maturities (Details)
Leases - Operating Lease Minimum Rental Payments (Details)
Net Income Per Class A Share
Net Income Per Class A Share - (Tables)
Net Income Per Class A Share - Narrative (Details)
Net Income Per Operating Partnership Unit
Net Income Per Operating Partnership Unit - (Tables)
Net Income Per Operating Partnership Unit - Narrative (Details)
Real Estate Investments
Real Estate Investments - (Tables)
Real Estate Investments - Narrative (Details)
Shareholders' Equity And Partners' Capital
Shareholders' Equity And Partners' Capital - (Tables)
Shareholders' Equity And Partners' Capital - Changes In Accumulated Other Comprehensive Income (Details)
Shareholders' Equity And Partners' Capital - Narrative (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies - (Policies)
Summary Of Significant Accounting Policies - Narrative (Details)
CIK: 1691299
Form Type: 10-Q Quarterly Report
Accession Number: 0001656936-19-000007
Submitted to the SEC: Tue Nov 05 2019 5:08:29 PM EST
Accepted by the SEC: Tue Nov 05 2019
Period: Monday, September 30, 2019
Industry: Real Estate Investment Trusts

External Resources:

Bookmark the Permalink:
https://last10k.com/sec-filings/1691299/0001656936-19-000007.htm