Looks like Blackstone is acquiring the RE assets of Bellagio for $4.25bn at ~17.3x rent. MGP is trading at a lower valuation with significantly stronger rent coverage. Am I missing something?
i wonder if people are worried that the result of the MGM real estate committee will result in some kind of adverse outcome for MGP. Seems unlikely to me given that the rumors of what... login to read the rest
Hi Juice, over the past three months, the gaming REITs have been weak relative to other net-lease REITs, and MGP has been the weakest of the group. Any sense why?
With the 10-year in freefall, this
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