MGM Resorts gets $59m 1Q22 distribution from MGM Growth Properties

MGM Growth Properties, a real estate investment trust, said it had paid a cash distribution of $142.1 million for the first quarter, with $59 million going to shareholder MGM Resorts.

The company posted rental revenue of $195.1 million for the quarter and funds from operations of $191.4 million, or $0.71 a share. It said its adjusted EBITDA for the quarter was $253.6 million.

The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 67 cents per share.

Source: https://agbrief.com/news/elsewhere/21/04/2022/mgm-resorts-gets-59m-1q22-distribution-from-mgm-growth-properties/