MGM Growth Properties LLC is one of the leading real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGP currently owns a portfolio of properties, consisting of 11 premier destination resorts in Las Vegas and elsewhere across the United States , MGM Northfield Park in Northfield, OH , Empire Resort Casino in Yonkers, NY , as well as a retail and entertainment district, The Park in Las Vegas. As of December 31, 2018 , its destination resorts, the Park, and MGM Northfield Park collectively comprise approximately 27,400 hotel rooms, 2.7 million convention square footage, 150 retail outlets, 300 food and beverage outlets and 20 entertainment venues. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries.
Company profile
Website
CEO
James Stewart
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
MGM Growth Properties OP GP LLC • MGM Growth Properties Operating Partnership LP • MGP Finance • MGP Lessor Holdings, LLC • MGP Lessor, LLC • MGM Springfield reDevelopment, LLC • MGP Yonkers Realty Sub, LLC • YRL Associates L.P. • MGP Lessor II, LLC • MGP JV INVESTCO 1 LLC ...
Latest filings (excl ownership)
15-12B
Securities registration termination
9 May 22
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 22
POSASR
Automatic shelf registration (post-effective amendment)
29 Apr 22
8-K
Termination of a Material Definitive Agreement
29 Apr 22
25-NSE
Exchange delisting
29 Apr 22
10-Q
2022 Q1
Quarterly report
21 Apr 22
8-K
MGM Growth Properties Reports First Quarter Financial Results
21 Apr 22
8-K
Regulation FD Disclosure
18 Apr 22
10-K/A
2021 FY
Annual report (amended)
13 Apr 22
10-K
2021 FY
Annual report
16 Feb 22
Transcripts
Earnings call transcript
2021 Q2
6 Aug 21
Earnings call transcript
2021 Q1
30 Apr 21
Earnings call transcript
2020 Q4
17 Feb 21
Earnings call transcript
2020 Q3
2 Nov 20
Earnings call transcript
2020 Q3
2 Nov 20
Earnings call transcript
2020 Q3
2 Nov 20
Earnings call transcript
2020 Q2
4 Aug 20
Earnings call transcript
2020 Q1
6 May 20
Earnings call transcript
2020 Q1
14 Feb 20
Earnings call transcript
2019 Q3
5 Nov 19
Latest ownership filings
Financial summary
Quarter (USD) | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.06 mm | 8.06 mm | 8.06 mm | 8.06 mm | 8.06 mm | 8.06 mm |
Cash burn (monthly) | 103.84 mm | 51.53 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 2.88 bn | 1.43 bn | n/a | n/a | n/a | n/a |
Cash remaining | -2.88 bn | -1.42 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | -27.7 | -27.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
3.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 152.98 mm |
Total shares | 4.89 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Teachers Insurance & Annuity Association Of America | 1.63 mm | $50.99 mm |
Tiaa Cref Investment Management | 1.63 mm | $50.99 mm |
Teachers Advisors | 1.63 mm | $50.99 mm |