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Friday, December 15, 2017

=MGM Growth Properties (MGP) : increase in quarterly dividend

  • Sector: Financials > Industry: Hospitality REITs
  • Founded: October 23, 2015
  • Div/yield 0.42/5.44

MGM Growth Properties announces an increase in Quarterly Dividend from $0.395 to $0.42/share 
MGP's board of directors declared a quarterly cash dividend of $0.42 per Class A common share for the fourth quarter. On an annualized basis, this dividend of $1.68 represents an increase of $0.10 per share per year, a 6.3% increase over the prior annual rate of $1.58.


MGM Growth Properties LLC is a real estate investment trust engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts, whose amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. Its portfolio consists of approximately 10 destination resorts. It has over six entertainment and gaming-related properties located on the Las Vegas Strip, including Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor and Excalibur, and The Park, a dining and entertainment complex located between New York-New York and Monte Carlo. Outside of Las Vegas, it owns over four casino resort properties, including MGM Grand Detroit in Detroit, Michigan, Borgata Hotel Casino & Spa in Atlantic City, New Jersey, and Beau Rivage and Gold Strike Tunica, both of which are located in Mississippi. It operates approximately 27,330 hotel rooms, over 200 restaurants, approximately 100 retail outlets and over 20 entertainment venues.

Key stats and ratios

Q3 (Sep '17)2016
Net profit margin23.91%7.56%
Operating margin48.89%32.89%
EBITD margin-83.33%
Return on average assets1.80%0.41%
Return on average equity3.01%0.81%

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