Private company

MGM Growth Properties LLC

American real estate investment trust, incorporated in Delaware1

In its 2022 annual report the company says: “We conduct our operations through the Operating Partnership, a Delaware limited partnership formed by MGM in January 2016 and acquired by MGP on April 25, 2016.”32 It is headquartered in Las Vegas, Nevada.1

Last updated Oct 20, 2026.

Overview

  • IndustryReal Estate Investment Trusts1
  • HeadquartersLas Vegas, Nevada1
  • Incorporated inDE2
  • Business address1980 Festival Plaza Drive, Suite 750, Las Vegas, Nv 891352
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

26.3%Net margin3
-1.3%Revenue growth, 20213
6.5%Return on equity3
1.34×Debt to equity3

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Other costs39¢$301.3M
  • Interest34¢$265.9M
  • Income tax1¢$9.3M
  • Profit26¢$205.5M

Out of $782.1M in revenue.3

Where each dollar of operating cash went, fiscal 2021

  • Dividends paid80¢$544.9M
  • Kept or used elsewhere20¢$134.1M

Out of $679.0M of cash from operations.3

Financial statements

Revenue4563$782.1M in 2021+67% since 2016
0$250.0M$500.0M$750.0M$1.0B2016: $467.5M$467.5M20162017: $765.7M$765.7M2017+64%2018: $869.5M$869.5M2018+14%2019: $881.1M$881.1M2019+1%2020: $792.6M$792.6M2020−10%2021: $782.1M$782.1M2021−1%
Operating income74$475.8M in 2018
-$400.0M-$200.0M0$200.0M$400.0M$600.0M2015: -$262.0M-$262.0M20152016: $153.8M$153.8M20162017: $352.8M$352.8M2017+129%2018: $475.8M$475.8M2018+35%
Net income7563$205.5M in 2021
0$100.0M$200.0M$300.0M2015: $0$020152016: $29.9M$29.9M20162017: $41.8M$41.8M2017+40%2018: $67.1M$67.1M2018+61%2019: $90.3M$90.3M2019+35%2020: $76.1M$76.1M2020−16%2021: $205.5M$205.5M2021+170%
Fiscal year2015201620172018201920202021
Revenue$467.5M4$765.7M5$869.5M6$881.1M3$792.6M3$782.1M3
Operating expenses$286.4M3
Operating income-$262.0M7$153.8M4$352.8M4$475.8M4
Interest$07$116.2M4$184.2M5$215.5M6$249.9M3$228.8M3$265.9M3
Income before tax$368.6M3
Income tax$07$2.3M4$4.9M5$5.8M6$7.6M3$9.7M3$9.3M3
Net income$07$29.9M7$41.8M5$67.1M6$90.3M3$76.1M3$205.5M3
Earnings per share$0.524$0.684$0.945
Earnings per share (diluted)$0.524$0.674$0.945
Shares (weighted, basic)151.0M shares3
Shares (weighted, diluted)151.2M shares3

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Corporate structure

MGM Growth Properties LLC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of MGM Growth Properties LLC

  • BARROW HANLEY MEWHINNEY & STRAUSS LLC Filed SC 13G on MGM Growth Properties LLC, latest Feb 15, 2023 (2 filings since Feb 10, 2022)
  • Capital Research Global Investors Filed SC 13G/A on MGM Growth Properties LLC, latest Feb 11, 2022
  • Capital World Investors Filed SC 13G on MGM Growth Properties LLC, latest Feb 11, 2022
  • VANGUARD GROUP INC Filed SC 13G/A on MGM Growth Properties LLC, latest Feb 10, 2022
  • MGM Growth Properties LLC Las Vegas, Nevada

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What MGM Growth Properties LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$278.1M3 Dec 31, 2021$280.6M3 Dec 31, 2020−0.9%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$8.8B3 Dec 31, 2021$8.3B3 Dec 31, 2020+5.7%
Real estate investments, at cost$11.7B3 Dec 31, 2021$10.9B3 Dec 31, 2020+7.4%
Real estate accumulated depreciation$2.9B3 Dec 31, 2021$2.5B3 Dec 31, 2020+13.3%

Investments

ItemLatestA year beforeChange
Loans, net of allowance$487.1M3 Dec 31, 2021$507.2M3 Dec 31, 2020−3.9%

Leadership

Who has led MGM Growth Properties LLC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (10)

Timeline

  1. Apr 29, 20228-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer20
  2. Apr 21, 20228-K Results of operations21
  3. Apr 18, 20228-K Regulation FD disclosure22
  4. Feb 10, 20228-K Results of operations23
  5. Nov 3, 20218-K Results of operations24
  6. Oct 29, 20218-K Entered a material agreement25
  7. Oct 22, 20218-K Other events26

Calendar

When it reported results

  1. Apr 21, 2022Reported quarterly or annual results21
  2. Feb 10, 2022Reported quarterly or annual results23
  3. Nov 3, 2021Reported quarterly or annual results24

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

73 filings to the SEC since October 2021: 2 annual reports, 2 quarterly reports, 7 major events, 54 insider forms, 5 large holders, 3 other. The latest 20:

  1. Feb 15, 2023SC 13G SCHEDULE 13G EDGAR
  2. May 9, 202215-12B EDGAR
  3. May 2, 20224 PRIMARY DOCUMENT EDGAR
  4. May 2, 20224 PRIMARY DOCUMENT EDGAR
  5. May 2, 20224 PRIMARY DOCUMENT EDGAR
  6. May 2, 20224 PRIMARY DOCUMENT EDGAR
  7. May 2, 20224 PRIMARY DOCUMENT EDGAR
  8. May 2, 20224 PRIMARY DOCUMENT EDGAR
  9. May 2, 20224 PRIMARY DOCUMENT EDGAR
  10. May 2, 20224 PRIMARY DOCUMENT EDGAR
  11. May 2, 20224 PRIMARY DOCUMENT EDGAR
  12. Apr 29, 2022S-8 POS EDGAR
  13. Apr 29, 2022POSASR EDGAR
  14. Apr 29, 20228-K EDGAR
  15. Apr 26, 20224 PRIMARY DOCUMENT EDGAR
  16. Apr 26, 20224 PRIMARY DOCUMENT EDGAR
  17. Apr 21, 202210-Q EDGAR
  18. Apr 21, 20228-K EDGAR
  19. Apr 19, 20224 PRIMARY DOCUMENT EDGAR
  20. Apr 19, 20224 PRIMARY DOCUMENT EDGAR

The 73 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 9, 2022Chien Andy HCFO and TreasurerSale8,000$37.54$300.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How MGM Growth Properties LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMGM Growth Properties LLC1
  • CIK0001656936
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • Business address1980 Festival Plaza Drive, Suite 750, Las Vegas, NV 891351
  • Phone702-669-14801
  • Shares outstanding156,753,272 as of Feb 14, 202231
  • Public float$5.7B as of Jun 30, 202131
  • On EDGAR sinceOct 28, 20151
  • Filings624 in all: 4 (342), 8-K (104), SC 13G/A (32), SC 13G (24), 10-Q (19), 3 (16), 425 (12), 424B5 (8)1
    All 35 form types

    10-K (6), CORRESP (6), DEFA14A (6), UPLOAD (6), 4/A (5), DEF 14A (5), DRSLTR (4), S-11/A (4), 424B2 (3), 8-K/A (3), DRS/A (2), S-3ASR (2), 10-K/A (1), 15-12B (1), 25-NSE (1), 424B4 (1), 5 (1), 8-A12B (1), CERTNYS (1), CT ORDER (1), DEFM14C (1), DRS (1), EFFECT (1), POSASR (1), S-11 (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Feb 16, 2022
    Quarterly report (10-Q) Apr 21, 2022
    Proxy statement (DEF 14A) Mar 26, 2021
    Latest 8-K (8-K) Apr 29, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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