The company has not filed an annual or quarterly report since its Q1 FY2022 10-Q, filed Apr 21, 2022. Its latest SEC filing is a SC 13G from Feb 15, 2023.
10-Q for Q1 FY2022, filed Apr 21, 2022
The sections below describe the company as of the FY2021 annual report.
Leases destination resort and casino real estate to a gaming and hospitality operator.
10-K for FY2021, filed Feb 16, 2022
An MGM subsidiary pays rent for MGP’s resort properties under long-term leases. Rent includes a base component and a percentage component tied to property revenues.
10-K for FY2021, filed Feb 16, 2022
10-K for FY2021, filed Feb 16, 2022
FY2021 revenue by product or service ↗$782.1M
10-K for FY2021, filed Feb 16, 2022
$782.1M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Rental revenue
Recurring
10-K for FY2021, filed Feb 16, 2022 |
97%
FY2018: 86%
|
Rental revenue, FY2021
$757.9M Sources
|
Recurring |
|
Ground lease and other
Recurring
|
3.1%
FY2018: 14%
|
Ground lease and other, FY2021
$24.1M Sources
|
Recurring |
A subsidiary of MGM directly leases MGP’s destination resort and casino properties under the master lease.
10-K for FY2021, filed Feb 16, 2022
Yes. It kept 26 cents of every revenue dollar as net income in FY2021.
10-K for FY2021, filed Feb 16, 2022
10-K for FY2021, filed Feb 16, 2022
$205.5MView ↗
10-Q for Q1 FY2022, filed Apr 21, 2022
$69.4MView ↗
10-Q for Q1 FY2022, filed Apr 21, 2022
Open tableView ↗
8-K, filed Apr 29, 2022
In connection with the REIT Merger, on April 29, 2022, the Company (a) notified The New York Stock Exchange (“NYSE”) of the consummation of…View ↗
Leasing replaces resort operations
The earlier report said leasing generated a substantial portion of revenue and included Northfield’s real estate and operations; the latest describes revenue as coming from leasing real estate to an MGM subsidiary.
10-K for FY2018, filed Feb 27, 2019 10-K for FY2021, filed Feb 16, 2022As of December 31, 2021, we generated all of our revenue by leasing our real estate properties through a wholly owned subsidiary of the…View ↗
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