MGM Growth Properties releases 2021 share distribution figures
Real estate investment trust’s total distribution exceeded $2.54 per share.
MGM Growth Properties LLC on Friday detailed the 2021 tax treatment of its Class A common share distributions.
The company noted it made a total of four distributions last year: on Jan. 15, April 15, July 15 and Oct. 15. The total distribution was slightly more than $2.54 per share, of which $2.01 per share is taxable.
For tax year 2020, the total distribution was slightly more than $2.40 per share, of which $1.92 per share was taxable.
The total included ordinary dividends and nondividend distributions, MGM Growth Properties explained, adding the Friday release was based on preliminary work on the company’s tax filings and may be subject to adjustment.
The company advised shareholders state and local taxation of real estate investment trust distributions varies and may not be the same as the taxation under federal rules.
MGP noted it has posted a copy of IRS Form 8937 on the Tax Notifications section of its website.
MGM Growth Properties is a publicly traded real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGP, together with its joint venture, currently owns a portfolio of properties, consisting of 12 destination resorts in Las Vegas and elsewhere across the United States, MGM Northfield Park in Northfield, Ohio, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas.
As of December 31, 2020, MGP’s portfolio of destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park, collectively comprised approximately 32,400 hotel rooms, 1.5 million casino square footage, and 3.6 million convention square footage.
MGP said in a statement it expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries.
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