Medical Prop Stock Price, News & Analysis

Medical Properties Trust, Inc. (NYSE: MPW) announced a conference call and webcast scheduled for April 29, 2021, at 11:00 a.m. ET. This call will focus on the company’s first quarter 2021 financial results, with a press release to be issued prior to market open on the same day. Dial-in numbers for participation include 844-535-3969 (U.S. & Canada) and 409-937-8903 (International) with passcode 9845178. A replay will be available until May 13, 2021, and future webcasts will be accessible on their Investor Relations website.

Medical Properties Trust (NYSE: MPW) has priced its public offering of sterling-denominated notes totaling approximately £842 million (around $1.15 billion). The notes consist of two tranches: 2026 Notes with a 2.500% coupon and 2030 Notes with a 3.375% coupon. The proceeds will be used to repay outstanding amounts under credit facilities. The offering is anticipated to close on March 24, 2021. Goldman Sachs, Barclays, J.P. Morgan, and BofA Securities are among the joint book-running managers.

Medical Properties Trust, Inc. (MPW) announced its intention to offer two series of senior notes through its operating partnership. The notes will be senior unsecured obligations guaranteed by the company. A portion of the proceeds will be used to repay outstanding amounts under existing credit facilities, while the remaining funds will support general corporate purposes, including working capital and potential acquisitions. The offering is managed by Goldman Sachs, Barclays, J.P. Morgan, and BofA Securities under an effective shelf registration statement with the SEC.

Medical Properties Trust, Inc. (MPW) has declared a quarterly cash dividend of $0.28 per share, payable on April 8, 2021, to stockholders of record as of March 18, 2021. The company will also hold its annual meeting of stockholders on May 26, 2021, in Birmingham, Alabama, inviting record holders as of March 29, 2021. Established in 2003, MPW has grown to own 431 hospital facilities across nine countries, facilitating operators in unlocking real estate value for enhancements and investments.

Medical Properties Trust (MPW) reported Q4 2020 net income of $0.20/share and full-year net income of $0.81/share. The company executed over $670 million in acquisitions during Q4, including a £800 million investment in UK behavioral health properties. NFFO increased by 21% in 2020, reaching $1.57/share. Key transactions included a $51 million sale of Olympia Medical Center and issuance of $1.3 billion in senior unsecured notes. The company expects 2021 net income to be $1.14-$1.18/share and NFFO at $1.72-$1.76/share. A conference call is scheduled for February 4, 2021.

Medical Properties Trust (NYSE: MPW) will host a conference call on February 4, 2021, at 11:00 a.m. ET to discuss its fourth quarter and year-end 2020 financial results. A press release with detailed results will be issued before the market opens that day. Investors can join the call using dial-in numbers 844-535-3969 (U.S.) or 409-937-8903 (International) with passcode 6688297. The event will also be available via live webcast on the company's Investor Relations website, and a replay will be accessible until February 18, 2021.

Medical Properties Trust, Inc. (NYSE: MPW) has priced an underwritten public offering of 32 million shares at $20.05 each. With a potential additional offering of 4.8 million shares, the estimated net proceeds range from $618.1 million to $711 million. Funds will primarily support the acquisition of UK-based behavioral healthcare assets from the Priory Group and cover related costs. The offering will close on January 11, 2021, subject to customary conditions. The Company may also use proceeds for debt repayment and general corporate purposes.

Medical Properties Trust, Inc. (NYSE: MPW) has initiated an underwritten public offering to sell 32,000,000 shares of its common stock, with an option for underwriters to purchase an additional 4,800,000 shares. The proceeds will partly fund the acquisition of behavioral healthcare assets from the Priory Group in the UK and cover associated transaction costs. If the acquisition does not close, remaining proceeds may be used for corporate purposes, including debt repayment and working capital. The offering is underpinned by an effective shelf registration statement with the SEC.

Medical Properties Trust (MPW) has announced the acquisition of a UK portfolio of behavioral health facilities for approximately £800 million. This transaction involves a long-term sale-leaseback agreement with Priory Group, expected to yield a GAAP-basis return of 8.6%. The deal aims to reduce MPW's tenant concentration and extend lease maturity schedules. Financial support will include a secured interim loan and a bridge loan totaling £1.05 billion, funded through cash and credit facilities. The transaction is anticipated to close in H1 2021, boosting MPW’s earnings and positioning in a growing market.