{"id":258,"date":"2024-06-27T10:10:17","date_gmt":"2024-06-27T07:10:17","guid":{"rendered":"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/27\/mgm-growth-properties-reports-third-quarter-earnings-decline\/"},"modified":"2024-06-27T10:10:17","modified_gmt":"2024-06-27T07:10:17","slug":"mgm-growth-properties-reports-third-quarter-earnings-decline","status":"publish","type":"post","link":"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/27\/mgm-growth-properties-reports-third-quarter-earnings-decline\/","title":{"rendered":"MGM Growth Properties Reports Third Quarter Earnings Decline"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/SBJc39q4XZM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>MGM Growth Properties (MGP) experienced a decline in earnings during the third quarter, prior to being acquired by VICI Properties for a sum of $17.2 billion.  Their income remained consistent at $194.3 million.<\/p>\n<p>MGP possesses a substantial portfolio of hotels managed by MGM Resorts, encompassing renowned establishments such as the MGM Grand, Mandalay Bay, and The Mirage.  Similar to the preceding year, their revenue comprised $188.3 million in rental income and $6 million in ground rent.<\/p>\n<p>However, their expenditures escalated, registering an increase of 9.5% to $74 million.  The most significant expense was depreciation, which nonetheless decreased by 1.0% to $57.6 million.  The surge in costs was primarily attributed to $6.3 million in fresh expenses incurred from acquisitions, along with $5.9 million in ground rent payments and $3.9 million in management fees.<\/p>\n<p>Consequently, MGP&#8217;s operating income amounted to $120.3 million, reflecting a reduction of 5.1%. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM Growth Properties (MGP) experienced a decline in earnings during the third quarter, prior to being acquired by VICI Properties for a sum of $17.2 billion. Their income remained consistent at $194.3 million. MGP possesses a substantial portfolio of hotels managed by MGM Resorts, encompassing renowned establishments such as the MGM Grand, Mandalay Bay, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MGM Growth Properties Earnings Dip Before VICI Acquisition<\/title>\n<meta name=\"description\" content=\"MGM Growth Properties (MGP) saw a decline in earnings before being acquired by VICI Properties for $17.2 billion. 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