MGM Growth Properties LLC (NYSE:MGP) is set to announce second quarter earning results on Tuesday 4th August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MGP to report 2Q20 income of $ 0.32 per share.
For the full year, analysts anticipate top line of $ 806.44 million, while looking forward to income of $ 0.60 per share bottom line.
Previous Quarter Performance
MGM Growth Properties LLC came out with income for the first quarter of $ 0.56 per share, from the revenue of $ 203.53 million. The quarterly earnings escalated 133.33 percent while revenues lowered 24.97 percent compared with the same quarter last year.
Wall street analysts are predicting, MGP to report 1Q20 income of $ 0.26 per share from revenue of $ 226.34 million. The bottom line results beat street analysts by $ 0.3 or 115.38 percent, at the same time, top line results fell short of analysts by $ 22.81 million or 10.08 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MGP was $ 27.36, representing a 139.37 % increase from the 52 week low of $ 11.43 and a 20.4 % decrease over the 52 week high of $ 34.37.
The company has a market capital of $ 9.13 billion and is part of the Real Estate sector and REIT – Hotel & Motel industry.
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Conference Call
MGM Growth Properties LLC will be hosting a conference call at 12:30 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mgmgrowthproperties.com
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 currently owns a portfolio of properties, consisting of 11 premier destination resorts in Las Vegas and elsewhere across the United States, the 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, 2018, our destination resorts, the Park, and MGM Northfield Park collectively comprise approximately 27,400 hotel rooms, 2.7 million convention square footage, 150 retail outlets, 300 food and beverage outlets and 20 entertainment venues.
