VICI - MGM Growth Properties: A Good Yield But Mainly A Strategy To Buy VICI Properties At A 2% Discount
- MGM Growth Properties posted respectable results as a standalone REIT.
- However, I will be buying the stock only to tender it into the VICI Properties buyout offer.
- This will allow me to get VICI at a 2% discount to the current share price.
- I expect the cash synergy benefits to reach $40-$50M per year once VICI refinances the more expensive MGP debt.
For further details see:
MGM Growth Properties: A Good Yield But Mainly A Strategy To Buy VICI Properties At A 2% Discount