MGM Growth Properties AFFO of $0.69 beats by $0.08, revenue of $201.93M beats by $0.41M

Apr. 21, 2022 8:57 AM ETMGM Growth Properties LLC (MGP)By: Deepa Sarvaiya, SA News Editor8 Comments
  • 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.

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