January 20, 2021 Casino, Land-Based

MGM Growth Properties releases 2020 share distribution figures

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Real estate investment trust’s total distribution exceeded $2.40 per share.

MGM Growth Properties LLC on Wednesday detailed the 2020 tax treatment of its Class A common share distributions.

The company noted it made a total of four distributions last year: on 15 January, 15 April, 15 July and 15 October. The total distribution was slightly more than $2.40 per share, of which $1.92 per share is taxable.

The total included ordinary dividends and nondividend distributions, MGM Growth Properties explained, adding the Wednesday 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. 

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. Its holdings 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 resorts in Las Vegas and elsewhere across the United States, including MGM Northfield Park in Northfield, Ohio, Empire Resort Casino in Yonkers, NY, and The Park in Las Vegas.

As of 31 December, 2019, those three destination resorts collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage.

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