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Complete financial analysis of MGM Growth Properties LLC (MGP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MGM Growth Properties LLC, a leading company in the REIT – Diversified industry within the Real Estate sector.
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MGM Growth Properties LLC (MGP)
About MGM Growth Properties LLC
MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded 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, together with its joint venture, currently owns a portfolio of properties, consisting of 12 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, 2019, our destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage. 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.
| Metric | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 782.06M | 792.60M | 881.08M | 1.00B | 765.70M | 467.55M | 0.00 | 0.00 |
| Cost of Revenue | 23.65M | 23.68M | 23.68M | 207.58M | 88.25M | 65.12M | 48.12M | 48.35M |
| Gross Profit | 758.42M | 768.92M | 857.40M | 794.86M | 677.44M | 402.43M | -48.12M | -48.35M |
| Gross Profit Ratio | 96.98% | 97.01% | 97.31% | 79.29% | 88.47% | 86.07% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 18.06M | 16.08M | 16.52M | 16.18M | 12.19M | 12.84M | 10.35M | 11.63M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 18.06M | 16.08M | 16.52M | 16.18M | 12.19M | 12.84M | 10.35M | 11.63M |
| Other Expenses | 235.49M | 236.85M | 294.71M | 273.03M | 260.46M | 220.67M | 196.82M | 186.26M |
| Operating Expenses | 253.54M | 252.93M | 311.22M | 289.21M | 272.64M | 233.51M | 207.17M | 197.90M |
| Cost & Expenses | 277.19M | 276.61M | 334.90M | 496.79M | 360.90M | 298.63M | 255.29M | 246.24M |
| Interest Income | 593.00K | 4.35M | 3.22M | 2.50M | 3.91M | 774.00K | 0.00 | 0.00 |
| Interest Expense | 265.94M | 228.79M | 249.94M | 215.53M | 184.18M | 116.21M | 0.00 | 0.00 |
| Depreciation & Amortization | 235.49M | 236.85M | 294.71M | 273.03M | 260.46M | 220.67M | 196.82M | 186.26M |
| EBITDA | 716.26M | 551.50M | 642.51M | 566.46M | 491.31M | 374.49M | -65.14M | -59.98M |
| EBITDA Ratio | 91.59% | 69.58% | 72.92% | 56.51% | 64.17% | 80.10% | 0.00% | 0.00% |
| Operating Income | 480.77M | 515.99M | 546.18M | 475.76M | 352.79M | 153.77M | -255.29M | -246.24M |
| Operating Income Ratio | 61.47% | 65.10% | 61.99% | 47.46% | 46.07% | 32.89% | 0.00% | 0.00% |
| Total Other Income/Expenses | -112.21M | -345.88M | -279.23M | -220.22M | -181.89M | -116.16M | -6.67M | 0.00 |
| Income Before Tax | 368.57M | 170.11M | 266.95M | 255.54M | 170.90M | 37.61M | -261.95M | -246.24M |
| Income Before Tax Ratio | 47.13% | 21.46% | 30.30% | 25.49% | 22.32% | 8.04% | 0.00% | 0.00% |
| Income Tax Expense | 9.33M | 9.73M | 7.60M | 10.84M | 4.91M | 2.26M | -6.67M | 0.00 |
| Net Income | 359.24M | 76.13M | 90.26M | 67.07M | 41.78M | 35.35M | -261.95M | -246.24M |
| Net Income Ratio | 45.93% | 9.61% | 10.24% | 6.69% | 5.46% | 7.56% | 0.00% | 0.00% |
| EPS | 2.38 | 0.59 | 0.97 | 0.94 | 0.68 | 0.61 | -5.24 | -4.92 |
| EPS Diluted | 2.38 | 0.59 | 0.97 | 0.94 | 0.67 | 0.61 | -5.24 | -4.92 |
| Weighted Avg Shares Out | 151.19M | 129.65M | 93.30M | 71.19M | 61.73M | 57.50M | 50.00M | 50.00M |
| Weighted Avg Shares Out (Dil) | 151.19M | 129.65M | 93.30M | 71.19M | 61.92M | 57.75M | 50.00M | 50.00M |
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Source: https://incomestatements.info
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