MGM Growth Properties LLC MGP Income Statement

Mgm growth properties llc (MGP)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16
Revenues
Revenues
887,225	881,078	871,800	862,448	857,079	869,495	867,430	833,569	797,635	765,695	735,299	725,000	651,447	467,548	0	0	0
Expenses
Depreciation
285,190	294,705	289,751	281,262	269,193	266,622	269,815	275,009	267,762	260,455	252,381	237,979	230,875	220,667	0	0	0
Property transactions, net
204,787	10,844	12,812	3,230	17,346	20,319	33,769	35,092	31,253	34,022	21,137	20,917	10,665	4,684	0	0	0
Ground lease expense
23,681	23,681	46,856	70,104	97,091	119,531	118,577	108,392	96,127	88,254	0	0	0	-	-	-	-
Property taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Property insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Amortization of above market lease, net
-	-	172	343	-	686	685	686	686	686	687	629	457	286	0	0	0
Acquisition-related expenses
2,255	10,165	10,437	12,276	14,140	6,149	20,848	19,976	17,845	17,304	10,559	10,099	0	-	0	0	-
General and administrative
17,260	16,516	18,332	17,214	16,278	16,048	13,987	13,511	13,417	12,189	11,629	11,448	12,576	9,896	0	0	0
Total Expenses
533,173	355,911	378,360	384,429	414,563	429,355	457,681	452,666	427,090	412,910	367,973	360,260	337,681	313,774	0	0	0
Operating income
-	-	-	532,744	-	-	-	380,903	370,545	-	367,326	364,740	313,766	153,774	0	0	0
Other income (expense)
Income from unconsolidated affiliate
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Interest expense
235,194	249,944	249,256	244,951	230,250	215,532	206,426	193,227	188,769	184,175	178,896	176,191	160,848	116,212	0	0	0
Loss on unhedged interest rate swaps, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-25,846	-7,615	-1,588	-2,302	-5,144	-7,191	-6,592	-5,698	-3,671	-1,621	-1,725	-1,966	-860	-726	0	0	0
Non-operating income (expense)
-261,213	-258,220	-248,627	-245,114	-232,079	-220,222	-209,677	-194,267	-188,179	-181,889	-176,808	-175,824	-160,256	-116,164	0	0	0
Income (loss) from continuing operations before income taxes
92,839	266,947	244,813	232,905	210,437	219,918	200,072	186,636	182,366	170,896	190,518	188,916	153,510	37,610	0	0	0
Benefit from (provision for) income taxes
8,960	7,598	6,406	7,077	4,319	5,779	6,147	4,985	4,899	4,906	5,252	4,679	3,502	2,264	0	0	0
Income (loss) from continuing operations, net of tax
83,879	259,349	242,444	221,950	0	-	0	0	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
0	16,216	30,165	30,165	0	-	0	0	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
83,879	275,565	271,237	272,607	252,897	244,702	207,874	181,651	177,467	165,990	185,266	184,237	150,008	35,346	0	0	0
Less: Net income attributable to noncontrolling interest
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic and Diluted
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interest
0	-	-	0	0	-	-	132,928	131,210	124,215	139,819	139,224	108,722	5,408	0	0	0
Net income (loss) attributable to Class A shares - basic and diluted
20,557	90,260	82,933	79,902	71,190	67,065	59,485	0	0	-	0	-	-	-	-	-	-
Weighted average Class A shares outstanding:
Basic (in shares)
123,259	103,966	93,165	91,011	84,043	71,022	71,005	70,993	70,970	-	60,614	-	-	-	-	-	-
Diluted (in shares)
123,259	104,362	93,322	91,208	84,303	71,224	71,201	71,184	71,130	-	60,755	-	-	-	-	-	-
Earnings Per Share [Abstract]
Rental revenue
Revenues
0	-	823,138	789,855	0	-	745,247	721,861	698,475	-	652,709	644,340	582,416	419,239	0	0	0
Ground lease and other
Revenues
24,155	24,657	48,662	72,593	100,507	123,242	122,183	111,730	99,182	90,606	82,568	80,638	69,009	48,309	0	0	0
MGP Operating Partnership
Revenues
887,225	881,078	871,800	862,448	857,079	869,495	867,430	833,569	797,635	765,695	0	0	0	-	-	-	-
Tenant reimbursements and other
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Depreciation
285,190	294,705	289,751	281,262	269,193	266,622	268,595	275,009	267,762	260,455	0	0	0	-	-	-	-
Property transactions, net
204,787	10,844	12,812	3,230	17,346	20,319	20,513	35,092	31,253	34,022	0	0	0	-	-	-	-
Ground lease expense
23,681	23,681	46,856	70,104	97,091	119,531	109,418	100,892	0	-	0	0	-	-	-	-	-
Amortization of above market lease, net
-	-	172	343	-	686	686	686	686	686	0	0	0	-	-	-	-
Reimbursable expenses
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Acquisition-related expenses
2,255	10,165	10,437	12,276	14,140	6,149	5,662	19,976	17,845	17,304	0	0	0	-	-	-	-
General and administrative
17,260	16,516	18,332	17,214	16,278	16,048	12,903	13,511	13,417	12,189	0	0	0	-	-	-	-
Total Expenses
533,173	355,911	378,360	384,429	414,563	429,355	417,777	452,666	427,090	412,910	0	0	0	-	-	-	-
Operating income
-	-	-	0	-	-	-	389,852	0	-	0	0	0	-	-	-	-
Income from unconsolidated affiliate
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Interest expense
235,194	249,944	249,256	244,951	230,250	215,532	202,793	193,227	188,769	184,175	0	0	0	-	-	-	-
Loss on unhedged interest rate swaps, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-25,846	-7,615	-1,588	-2,302	-5,144	-7,191	-6,535	-5,698	-3,671	-1,621	0	0	0	-	-	-	-
Non-operating income (expense)
-261,213	-258,220	-248,627	-245,114	-232,079	-220,222	-205,375	-194,267	-188,179	-181,889	0	0	0	-	-	-	-
Income (loss) from continuing operations before income taxes
92,839	266,947	244,813	232,905	210,437	219,918	212,534	186,636	182,366	170,896	0	0	0	-	-	-	-
Benefit from (provision for) income taxes
8,960	7,598	6,406	7,077	4,319	5,779	6,632	4,985	4,899	4,906	0	0	0	-	-	-	-
Income (loss) from continuing operations, net of tax
83,879	259,349	242,444	221,950	0	-	0	0	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
0	16,216	30,165	30,165	0	-	0	0	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
83,879	275,565	271,237	272,607	252,897	244,702	219,851	181,651	177,467	165,990	0	0	0	-	-	-	-
Basic (in shares)
324,309	303,606	292,867	290,714	288,351	266,156	266,139	266,127	266,104	265,910	245,976	243,049	242,868	-	-	-	-
Diluted (in shares)
324,309	304,002	293,025	290,910	288,610	266,359	266,335	266,319	266,265	266,058	246,117	243,216	243,146	-	-	-	-
Net income (loss) per Operating Partnership unit (basic) (in dollars per share)
-0.39	0.25	0.23	0.23	0.23	0.26	0.26	0.18	0.22	0.12	0.18	0.18	0.19	-	-	-	-
Net income (loss) per Operating Partnership unit (diluted) (in dollars per share)
-0.39	0.25	0.23	0.23	0.23	0.26	0.26	0.18	0.22	0.11	0.18	0.18	0.19	-	-	-	-
Distributions declared per Operating Partnership unit (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.39	0.39	0.38	-	-	-	-
Gaming, food, beverage and other
Revenues
-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-
Cost of revenues
-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-
Class A Shares
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
-	-	-	-	-	-	-	-	-	-	-	57,687	57,506	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
-	-	-	-	-	-	-	-	-	-	-	57,854	57,784	-	-	-	-
Income (loss) from continuing operations per Class A share (basic) (in usd per share)
-0.40	0.26	0.24	0.24	0.18	-	0.22	0.19	-	-	-	-	-	-	-	-	-
Income from discontinued operations per Class A share (basic) (in usd per share)
0.00	-0.01	0.00	0.00	0.06	-	0.05	0.00	-	-	-	-	-	-	-	-	-
Net income per Class A share (basic) (in usd per share)
-0.40	0.25	0.24	0.24	0.24	0.26	0.27	0.19	0.22	0.11	0.18	0.19	0.20	-	-	-	-
Income (loss) from continuing operations per Class A share (diluted) (in usd per share)
-0.40	0.26	0.24	0.24	0.18	-	0.22	0.18	-	-	-	-	-	-	-	-	-
Income from discontinued operations per Class A share (diluted) (in usd per share)
0.00	-0.01	0.00	0.00	0.06	-	0.05	0.00	-	-	-	-	-	-	-	-	-
Net income per Class A share (diluted) (in usd per share)
-0.40	0.25	0.24	0.24	0.24	0.27	0.27	0.18	0.22	0.11	0.18	0.18	0.20	-	-	-	-
Dividends declared per Class A share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.39	0.39	0.38	-	-	-	-