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MGM Growth Properties LLC: Overview

MGM Growth Properties LLC (MGM Growth Properties), a subsidiary of MGM Resorts International, is a real estate investment trust. Its activities include the ownership, acquisition, and leasing of leisure resorts. Its amenities portfolio includes hotel, casino gaming, dining, convention, hospitality, entertainment, and retail offerings. The trust’s properties comprise Mandalay Bay, Park MGM, Gold Strike, Luxor, and Excalibur; The Mirage, The Park, Beau Rivage and Gold Strike Tunica; MGM National Harbor, MGM Grand Detroit, MGM Grand, and others. MGM Growth Properties is headquartered in Las Vegas, Nevada, the US.

Headquarters United States of America

Address 1980 Festival Plaza Dr Ste 750, Las Vegas, Nevada, 89135-2958


Telephone 1 702 6691480

No of Employees 3

Industry Construction

Ticker Symbol & Exchange MGP (NYSE)

Revenue (2020) $782.1M -1.3% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX 169.9% (2020 vs 2019)

Market Cap* $6.5B

Net Profit Margin (2020) XXX 173.5% (2020 vs 2019)

* As of and is in US$

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Products and Services

Services
Real Estate Investment
Acquisition, Ownership, and Leasing of Properties
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Ownership Changes In April, the company was acquired by VICI Properties Inc for US$17.2 billion.
2020 Contracts/Agreements In January, the company entered into a joint venture agreement with Blackstone Real Estate Income Trust to acquire the Las Vegas real estate assets of the MGM Grand and Mandalay Bay for US$4.6 billion.
2018 Contracts/Agreements In April, the company entered into an agreement to acquire the Hard Rock Rocksino Northfield Park, for US$1.06 billion.
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Competitor Comparison

Key Parameters MGM Growth Properties LLC Ventas Inc Wynn Resorts Ltd Alexandria Real Estate Equities Inc Biomed Realty Trust Inc
Headquarters United States of America United States of America United States of America United States of America United States of America
City Las Vegas Chicago Las Vegas Pasadena San Diego
State/Province Nevada Illinois Nevada California California
No. of Employees 3 434 26,950 559 -
Entity Type Public Public Public Public Private
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Executives
Name Position Board Since Age
Paul Salem Chairman Executive Board 2020 57
Corey Sanders Chief Operating Officer; Director Executive Board 2020 57
John M. McManus Executive Vice President; President; Director; General Counsel Executive Board 2016 54
James C. Stewart Chief Executive Officer Senior Management - -
Andy H Chien Chief Financial Officer Senior Management - -
Non Dignissim Eros Proin vel Convallis 2022 XX
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