| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
157 |
| Employees |
220 |
| Revenues (TTM) (Millions $) |
790 |
| Net Income (TTM) (Millions $) |
360 |
| Cash Flow (TTM) (Millions $) |
-136 |
| Capital Exp. (TTM) (Millions $) |
400 |
Business Description
MGM Growth Properties LLC is a publicly traded real estate investment trust (REIT) that primarily owns and operates a variety of entertainment, hospitality, and leisure properties located in key growth markets across the United States. The company's strategy is focused on acquiring, developing, and managing high-quality assets that deliver a strong return on investment for its shareholders.
As of 2021, MGM Growth Properties LLC is the third-largest REIT in the country based on market capitalization. The company's portfolio consists of 13 premier properties, including nine casino and resort complexes, two entertainment and retail districts, and two pedestrian bridges. Its holdings are concentrated in high-growth markets such as Las Vegas, Atlantic City, and Detroit.
The nine casino and resort complexes owned by MGM Growth Properties LLC are all operated by MGM Resorts International through long-term leases. These properties include some of the most iconic casinos and resorts in the world, such as the Bellagio, the MGM Grand Las Vegas, and the Mandalay Bay Resort and Casino in Las Vegas. Other notable properties in the MGM Growth Properties LLC portfolio include the Borgata Hotel Casino and Spa in Atlantic City, New Jersey, and the MGM National Harbor in Maryland.
In addition to its casino and resort properties, MGM Growth Properties LLC also owns and manages two entertainment and retail districts. These districts are The Park Las Vegas, which is a public park and dining and entertainment hub located on the Las Vegas Strip, and the T-Mobile Arena, which is an indoor event and sports venue also located on the Las Vegas Strip.
Finally, MGM Growth Properties LLC also owns and operates two pedestrian bridges, the Mandalay Bay-Harmon Bridge and the Park MGM-Excalibur Bridge. These bridges provide pedestrian access over major roadways in Las Vegas, providing safer and more convenient access to major entertainment and hospitality destinations in the city.
Overall, MGM Growth Properties LLC is a leading player in the hospitality and entertainment industry, with a diverse portfolio of high-quality assets and a proven track record of delivering strong returns for its investors. Its focus on acquiring and developing assets in key growth markets makes it an attractive choice for investors looking for exposure to this exciting and rapidly changing sector.
Company Address: 1980 Festival Plaza Drive, Suite #750 Las Vegas 89135 NV
Company Phone Number: 669-1480 Stock Exchange / Ticker: NYSE MGP
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