MGM Growth Properties LLC (MGP) Stock Analysis

What MGM Growth Properties LLC does

MGM Growth Properties LLC, traded publicly as MGP on the NYSE, is a prominent real estate investment trust (REIT). Its primary business involves acquiring, holding, and leasing large-scale entertainment and leisure destination resorts. These properties boast a comprehensive range of offerings, such as casino gambling, hotel accommodations, convention areas, diverse dining establishments, entertainment venues, and retail outlets. Currently, MGP, along with its joint venture, possesses a significant portfolio. This includes a dozen top-tier destination resorts located in various parts of the United States, including Las Vegas. Specific assets in its holdings are MGM Northfield Park in Ohio, Empire Resort Casino in New York, and The Park, an entertainment and retail complex also situated in Las Vegas. By the end of 2019, specifically December 31st, the combined extent of these properties – encompassing the destination resorts, The Park, Empire Resort Casino, and MGM Northfield Park – featured approximately 27,400 hotel rooms, 1.4 million square feet dedicated to casino operations, and 2.7 million square feet for convention facilities. Operating as a public real estate entity focused on expansion, MGP anticipates leveraging its strategic alliance with MGM Resorts and other entertainment providers. This positioning is expected to facilitate the acquisition of further assets across the broad entertainment, hospitality, and leisure sectors.

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Frequently asked questions

What is the ticker symbol for MGM Growth Properties LLC?

MGM Growth Properties LLC trades under the ticker MGP on NYSE.

Which exchange is MGP listed on?

MGP is listed on NYSE.

What sector does MGM Growth Properties LLC operate in?

MGM Growth Properties LLC is classified in the Real Estate sector (REIT - Diversified industry).

How can PortView help analyze MGP in a portfolio?

PortView shows MGP's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.