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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Rental revenue $ 186,563 $ 163,177
Tenant reimbursements and other 29,276 20,722
Revenues, net 215,839 183,899
Expenses    
Depreciation 68,991 61,684
Property transactions, net 4,086 6,855
Reimbursable expenses 28,360 20,487
Amortization of above market lease, net 171 171
Acquisition-related expenses 541 0
General and administrative 3,908 2,680
Expenses, net 106,057 91,877
Operating income 109,782 92,022
Non-operating income (expense)    
Interest income 1,032 678
Interest expense (49,230) (44,636)
Other non-operating expenses (2,184) (134)
Non-operating income (expense) (50,382) (44,092)
Income before income taxes 59,400 47,930
Provision for income taxes (1,231) (1,238)
Net income 58,169 46,692
Less: Net (income) attributable to noncontrolling interest (42,339) (35,344)
MGP Operating Partnership    
Revenues    
Rental revenue 186,563 163,177
Tenant reimbursements and other 29,276 20,722
Revenues, net 215,839 183,899
Expenses    
Depreciation 68,991 61,684
Property transactions, net 4,086 6,855
Reimbursable expenses 28,360 20,487
Amortization of above market lease, net 171 171
Acquisition-related expenses 541 0
General and administrative 3,908 2,680
Expenses, net 106,057 91,877
Operating income 109,782 92,022
Non-operating income (expense)    
Interest income 1,032 678
Interest expense (49,230) (44,636)
Other non-operating expenses (2,184) (134)
Non-operating income (expense) (50,382) (44,092)
Income before income taxes 59,400 47,930
Provision for income taxes (1,231) (1,238)
Net income $ 58,169 $ 46,692
Weighted average Operating Partnership units outstanding:    
Basic (in shares) 266,104,264 242,868,331
Diluted (in shares) 266,265,043 243,146,376
Net income per Operating Partnership unit (basic) (in dollars per share) $ 0.22 $ 0.19
Net income per Operating Partnership unit (diluted) (in dollars per share) 0.22 0.19
Distributions declared per Operating Partnership unit (in dollars per share) $ 0.42 $ 0.3875
Class A Shares    
Non-operating income (expense)    
Net income attributable to Class A shareholders $ 15,830 $ 11,348
Weighted average Class A shares outstanding:    
Basic (in shares) 70,970,141 57,506,195
Diluted (in shares) 71,130,920 57,784,240
Net income per Class A share (basic) (in dollars per share) $ 0.22 $ 0.20
Net income per Class A share (diluted) (in dollars per share) 0.22 0.20
Dividends declared per Class A share (in dollars per share) $ 0.42 $ 0.3875