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Mgm Growth Properties Llc (MGP) |
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Price: $0.0000
$0.00 
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$ 0.00 |
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| Market Capitalization (Millions $) |
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| 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 |
Mgm Growth Properties Llc
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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| Stock Performances by Major Competitors |
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First Real Estate Investment Trust Of New Jersey I
First Real Estate Investment Trust Of New Jersey Faces Setbacks in Q3 2023 Earnings Report
In the recent Q3 2023 earnings report, First Real Estate Investment Trust Of New Jersey experienced a net loss per share of $-0.06, a significant decline from the $0.16 per share profit registered in the same period last year. Despite this setback, the company's revenue saw modest growth, increasing by 4.843% to $7.30 million when compared to the corresponding period a year ago.
However, it is worth noting that the revenue rise of First Real Estate Investment Trust Of New Jersey was slightly lower than that of the rest of the Real Estate Investment Trusts industry, which saw an average growth of 5.18% during the same reporting season in comparison to the previous year. In the previous reporting season, the company recorded revenue of $6.92 million and a bottom line of $0.01 per share.
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Essex Property Trust Inc
Essex Property Trust Inc., a prominent Real Estate Investment Trusts (REITs) company, appeared to deliver exceptional earnings in the second quarter of 2023. However, a closer examination of the company's financials raises several concerns regarding its sustainability and future prospects. This extensive bearish article intends to shed light on the potential pitfalls that may overshadow Essex Property Trust's recent successes.
Surge in Earnings:
Undoubtedly, Essex Property Trust Inc. witnessed an impressive surge in its bottom-line earnings, with income per share skyrocketing by an astounding 78.16% to $1.55 per share. While this seems encouraging on the surface, a deeper analysis reveals a concerning trend. In the previous corresponding reporting season, the company achieved a substantially higher bottom line of $2.38 per share, indicating a contraction of earnings in the most recent quarter.
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Cherry Hill Mortgage Investment Corporation
Cherry Hill Mortgage Investment Corporation (CHMI) is a Real Estate Investment Trust that has been facing significant challenges in recent quarters. The company's second quarter earnings report showed a decrease in the loss per share compared to the previous year, raising hopes of a recovery. However, despite some positive numbers, several key indicators suggest a bearish outlook for the company.
Dismal Earnings Performance:
During the second quarter of 2023, CHMI reported a loss per share of $-0.03, representing an improvement compared to the $-0.92 loss per share recorded in the same period the previous year. Although this may appear as a positive trend, it is important to note that the prior reporting season still showed a significant loss per share of $-0.87. This indicates that the company is struggling to turn its financial situation around.
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Hannon Armstrong Sustainable Infrastructure Capita
Hannon Armstrong Sustainable Infrastructure Capital, a Real Estate Investment Trusts company, has recently revealed its financial results for the most recent fiscal period. The company achieved positive profits of $0.14 per share, marking a significant improvement from the previous fiscal year. Additionally, revenue saw substantial growth, outperforming industry peers. This article will outline the key facts and provide an interpretation of these financial results.
Positive Earnings Performance:
Hannon Armstrong Sustainable Infrastructure Capital managed to turn around its financial performance, recording positive profits of $0.14 per share in the most recent fiscal period. This is a significant improvement compared to a loss of $0.21 per share the previous year. However, it is important to note that profits fell by 46.15% from the previous quarter's $0.26 per share.
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Direct Investment Holding Group Inc
The stock market has been on a rollercoaster ride in recent times, with ups and downs making investors nervous. However, there is good news to be found in the financial interval ending June 30, 2023, as we see promising signs for the future.
During this period, the Direct Investment Holding Group Inc experienced a deficit per share of $-0.04, compared to $-0.02 a year ago. Although this may seem like a negative figure, it is important to note that the deficit has decreased from the prior quarter, which saw a deficit of $0.00 per share. This suggests that the company is taking steps in the right direction to improve its financial situation.
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| Per Share |
Current |
| Earnings (TTM) |
1.37 $ |
| Revenues (TTM) |
5.03 $
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| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
34.25 $
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| Dividend (TTM) |
3.51 $ |
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| Per Share |
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| Earnings (TTM) |
1.37 $
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| Revenues (TTM) |
5.03 $ |
| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
34.25 $ |
| Dividend (TTM) |
3.51 $ |
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Company Estimates |
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• Revenue Outlook
Mgm Growth Properties Llc does not provide revenue guidance.
• Earnings Outlook
Mgm Growth Properties Llc does not provide earnings estimates.
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