MGP News and Press, MGM Growth Properties LLC Class A representing limited liability company interests From 05/10/22

Nearly 200 REITs have reported earnings results over the past three weeks, providing critical information on the state of the real estate industry amid the extreme volatility in early 2022. Results were generally better-than-expected with roughly 85% of equity REITs beating consensus ...

U.S. equity markets declined for a fifth-straight week - the worst losing streak since 2012 - after the Federal Reserve delivered a double rate-hike that flared intense volatility but didn't ease stagflation worries. Off to its worst start to a year since 1939, the S&P 500 decline...

Elon Musk's acquisition of Twitter announced last Monday was the largest deal announced last week. The spread on the Twitter-Musk deal is 10.57%, indicating that investors are concerned about the deal being consummated. The merger agreement includes a termination fee of $1 billion...

VICI shares remained resilient against market selloff, demonstrating a loyal shareholder base and a renewed interest in alternative assets from institutional investors. The MGP acquisition diversified its tenant base, but revenue is still limited to the gaming industry, sensitive to e...

VICI Properties (NYSE:VICI) closed on its previously announced acquisition of MGM Growth Properties (MGP) on Friday, making it the largest owner of hotel and conference real estate in America, the company said. Upon the closing, VICI will have an estimated enterprise value of ~$44B. Simultane...

– Adds 15 Marquee Assets Expanding Real Estate Portfolio to 43 Class-A Properties – – Increases Annual Rent by Over $1.0 Billion – – Diversifies Tenant Base to Eight Best-In-Class Operators – – Closes on $5.0 Bil...

MGM RESORTS INTERNATIONAL ANNOUNCES THE CLOSING OF STRATEGIC TRANSACTIONS WITH MGM GROWTH PROPERTIES AND VICI PROPERTIES INC. PR Newswire LAS VEGAS , April 29, 2022 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") tod...

Real estate earnings season kicks off this week, and over the next month, we'll hear results from 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies. Despite the historic surge in interest rates over the past quarter driven by expectations of Fed monetary ti...

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 $...

MGM GROWTH PROPERTIES REPORTS FIRST QUARTER FINANCIAL RESULTS PR Newswire LAS VEGAS , April 21, 2022 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended March 31, 2022....