| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Revenues | ||||||
Rental revenue | ||||||
856,421 | 746,253 | 675,089 | 467,548 | - | - | |
Revenues | ||||||
881,078 | 869,495 | 765,695 | 467,548 | 0 | 0 | |
Expenses | ||||||
Depreciation | ||||||
294,705 | 266,622 | 260,455 | 220,667 | 196,816 | 186,262 | |
Property transactions, net | ||||||
10,844 | 20,319 | 34,022 | 4,684 | 6,665 | 0 | |
Ground lease expense | ||||||
23,681 | 119,531 | 88,254 | 68,063 | 58,473 | - | |
Property taxes | ||||||
- | - | - | - | - | 48,346 | |
Property insurance | ||||||
- | - | - | - | - | 11,634 | |
Amortization of above market lease, net | ||||||
0 | 686 | 686 | 286 | 0 | 0 | |
Acquisition-related expenses | ||||||
10,165 | 6,149 | 17,304 | 10,178 | 0 | 0 | |
General and administrative | ||||||
16,516 | 16,048 | 12,189 | 9,896 | 0 | 0 | |
Total Expenses | ||||||
355,911 | 429,355 | 412,910 | 313,774 | 261,954 | 246,242 | |
Operating income | ||||||
- | - | - | 153,774 | -261,954 | -246,242 | |
Other income (expense) | ||||||
Interest income | ||||||
3,219 | 2,501 | 3,907 | 774 | 0 | 0 | |
Interest expense | ||||||
249,944 | 215,532 | 184,175 | 116,212 | 0 | 0 | |
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | ||||||
-3,880 | 0 | 0 | - | - | - | |
Other | ||||||
-7,615 | -7,191 | -1,621 | -726 | 0 | 0 | |
Non-operating income (expense) | ||||||
-258,220 | -220,222 | -181,889 | -116,164 | 0 | 0 | |
Income (loss) from continuing operations before income taxes | ||||||
266,947 | 219,918 | 170,896 | 37,610 | -261,954 | -246,242 | |
Benefit from (provision for) income taxes | ||||||
7,598 | 5,779 | 4,906 | 2,264 | 0 | 0 | |
Income (loss) from continuing operations, net of tax | ||||||
259,349 | 214,139 | 165,990 | - | - | - | |
Income from discontinued operations, net of tax | ||||||
16,216 | 30,563 | 0 | - | - | - | |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
275,565 | 244,702 | 165,990 | 35,346 | -261,954 | -246,242 | |
Less: Net income attributable to noncontrolling interest | ||||||
185,305 | 177,637 | 124,215 | 5,408 | -261,954 | -246,242 | |
Net income (loss) attributable to Class A shares - basic and diluted | ||||||
90,260 | 67,065 | 41,775 | - | 0 | 0 | |
Weighted average Class A shares outstanding: | ||||||
Basic (in shares) | ||||||
93,046 | 70,997 | 61,733 | 57,502 | - | - | |
Diluted (in shares) | ||||||
93,299 | 71,185 | 61,916 | 57,751 | - | - | |
Earnings Per Share [Abstract] | ||||||
Net income per Class A share (basic) (in usd per share) | ||||||
- | 0.94 | - | 0.52 | - | - | |
Net income per Class A share (diluted) (in usd per share) | ||||||
- | 0.94 | - | 0.52 | - | - | |
Rental revenue | ||||||
Revenues | ||||||
- | - | - | 419,239 | 0 | 0 | |
Ground lease and other | ||||||
Revenues | ||||||
24,657 | 123,242 | 90,606 | 48,309 | 0 | 0 | |
MGP Operating Partnership | ||||||
Revenues | ||||||
881,078 | 869,495 | 765,695 | 467,548 | - | - | |
Depreciation | ||||||
294,705 | 266,622 | 260,455 | 220,667 | - | - | |
Property transactions, net | ||||||
10,844 | 20,319 | 34,022 | 4,684 | - | - | |
Ground lease expense | ||||||
23,681 | 119,531 | 88,254 | 68,063 | - | - | |
Amortization of above market lease, net | ||||||
0 | 686 | 686 | 286 | - | - | |
Acquisition-related expenses | ||||||
10,165 | 6,149 | 17,304 | 10,178 | - | - | |
General and administrative | ||||||
16,516 | 16,048 | 12,189 | 9,896 | - | - | |
Total Expenses | ||||||
355,911 | 429,355 | 412,910 | 313,774 | - | - | |
Operating income | ||||||
- | - | - | 153,774 | - | - | |
Interest income | ||||||
3,219 | 2,501 | 3,907 | 774 | - | - | |
Interest expense | ||||||
249,944 | 215,532 | 184,175 | 116,212 | - | - | |
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | ||||||
-3,880 | 0 | 0 | - | - | - | |
Other | ||||||
-7,615 | -7,191 | -1,621 | -726 | - | - | |
Non-operating income (expense) | ||||||
-258,220 | -220,222 | -181,889 | -116,164 | - | - | |
Income (loss) from continuing operations before income taxes | ||||||
266,947 | 219,918 | 170,896 | 37,610 | - | - | |
Benefit from (provision for) income taxes | ||||||
7,598 | 5,779 | 4,906 | 2,264 | - | - | |
Income (loss) from continuing operations, net of tax | ||||||
259,349 | 214,139 | 165,990 | - | - | - | |
Income from discontinued operations, net of tax | ||||||
16,216 | 30,563 | 0 | - | - | - | |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
275,565 | 244,702 | 165,990 | 35,346 | - | - | |
Basic (in shares) | ||||||
293,884 | 266,131 | 249,451 | 232,181 | - | - | |
Diluted (in shares) | ||||||
294,137 | 266,319 | 249,634 | 232,430 | - | - | |
Net income (loss) per Operating Partnership unit (basic) (in dollars per share) | ||||||
0.94 | 0.92 | 0.67 | 0.52 | - | - | |
Net income (loss) per Operating Partnership unit (diluted) (in dollars per share) | ||||||
0.94 | 0.92 | 0.66 | 0.52 | - | - | |
Tenant reimbursements and other | ||||||
Rental revenue | ||||||
24,700 | 123,200 | 90,600 | 48,300 | - | - | |
Gaming, food, beverage and other | ||||||
Revenues | ||||||
- | - | - | 0 | - | - | |
Cost of revenues | ||||||
- | - | - | 0 | - | - | |
Class A Shares | ||||||
Income (loss) from continuing operations per Class A share (basic) (in usd per share) | ||||||
0.92 | 0.83 | 0.68 | - | - | - | |
Income from discontinued operations per Class A share (basic) (in usd per share) | ||||||
0.05 | 0.11 | 0.00 | - | - | - | |
Net income per Class A share (basic) (in usd per share) | ||||||
0.97 | 0.94 | 0.68 | - | - | - | |
Income (loss) from continuing operations per Class A share (diluted) (in usd per share) | ||||||
0.92 | 0.83 | 0.67 | - | - | - | |
Income from discontinued operations per Class A share (diluted) (in usd per share) | ||||||
0.05 | 0.11 | 0.00 | - | - | - | |
Net income per Class A share (diluted) (in usd per share) | ||||||
0.97 | 0.94 | 0.67 | - | - | - | |