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MGM Growth Properties LLC (MGM Growth Properties LLC) 1-Year ROIIC % : 0.80% (As of Mar. 2022)


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What is MGM Growth Properties LLC 1-Year ROIIC %?

1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year. MGM Growth Properties LLC's 1-Year ROIIC % for the quarter that ended in Mar. 2022 was 0.80%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for MGM Growth Properties LLC's 1-Year ROIIC % or its related term are showing as below:

MGP's 1-Year ROIIC % is not ranked
in the REITs industry.
Industry Median: 1.89 vs MGP: 0.80

MGM Growth Properties LLC 1-Year ROIIC % Historical Data

The historical data trend for MGM Growth Properties LLC's 1-Year ROIIC % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MGM Growth Properties LLC 1-Year ROIIC % Chart

MGM Growth Properties LLC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
1-Year ROIIC %
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MGM Growth Properties LLC Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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Competitive Comparison of MGM Growth Properties LLC's 1-Year ROIIC %

For the REIT - Diversified subindustry, MGM Growth Properties LLC's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MGM Growth Properties LLC's 1-Year ROIIC % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, MGM Growth Properties LLC's 1-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where MGM Growth Properties LLC's 1-Year ROIIC % falls into.



MGM Growth Properties LLC 1-Year ROIIC % Calculation

MGM Growth Properties LLC's 1-Year ROIIC % for the quarter that ended in Mar. 2022 is calculated as:

1-Year ROIIC %=1-Year Incremental Net Operating Profit After Taxes (NOPAT)**/1-Year Incremental Invested Capital
=( 495.4817 (Mar. 2022) - 491.9747 (Mar. 2021) )/( 10332.416 (Mar. 2022) - 9894.684 (Mar. 2021) )
=3.507/437.732
=0.80%***

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


MGM Growth Properties LLC  (NYSE:MGP) 1-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


MGM Growth Properties LLC 1-Year ROIIC % Related Terms

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MGM Growth Properties LLC (MGM Growth Properties LLC) Business Description

Traded in Other Exchanges
N/A
Address
1980 Festival Plaza Drive, Suite 750, Las Vegas, NV, USA, 89135
MGM Growth Properties LLC is a real estate investment trust engaged in owning, acquiring and leasing large-scale casino resort properties, including casino gaming, hotel, convention, dining, entertainment, retail and mixed-use facilities, and other resort amenities. The company's property portfolio consists of entertainment and gaming-related properties located on the Las Vegas Strip Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor and Excalibur, and The Park, a dining and entertainment complex located between New York-New York and Monte Carlo. It owns casino resort properties MGM Grand Detroit in Detroit, Michigan, Beau Rivage and Gold Strike Tunica, located in Mississippi, Borgata in Atlantic City, New Jersey, and MGM National Harbor in Prince George's County, Maryland.
Executives
Andy H Chien officer: CFO and Treasurer C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118
Paul J Salem director 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903
Daniel J Taylor director 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
James C. Stewart officer: Chief Executive Officer C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118
Thomas A Roberts director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118
Charles Irving director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BOULEVARD, SUITE 500 LAS VEGAS NV 89118
Kathryn Coleman director 6385 S RAINBOW BOULEVARD, STE. 500 LAS VEGAS NV 89118
Michael Rietbrock other: Former Director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118
James Murren other: former director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Robert W Smith director C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118
Sanders Corey Ian director 3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119
Lau Knicks officer: ED Acct & Finance (Controller) 1980 FESTIVAL PLAZA DR., SUITE 750, LAS VEGAS NV 89135
William Hornbuckle director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
John Mcmanus director 3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119
Resorts International Mgm 10 percent owner 3600 LAS VEGAS BLVD S., LAS VEGAS NV 89109