MGM Growth Properties AFFO of $0.69 beats by $0.08, revenue of $201.93M beats by $0.41M
- MGM Growth Properties press release (NYSE:MGP): Q1 AFFO of $0.69 beats by $0.08.
- Revenue of $201.93M (+3.9% Y/Y) beats by $0.41M.
- Consolidated net income of $116.5 million, or $0.43 per diluted Operating Partnership unit;
- Consolidated Funds From Operations ("FFO") of $191.4 million, or $0.71 per diluted Operating Partnership unit;
- Consolidated Adjusted EBITDA ("Adjusted EBITDA") of $253.6 million;
- General and administrative expenses of $3.6 million; and
- Income from unconsolidated affiliate of $25.4 million.