Medical Prop Stock Price, News & Analysis

Medical Properties Trust (NYSE: MPW) announced its agreement to acquire five acute care hospitals from Tenet Healthcare for approximately $900 million. The deal is expected to enhance the company’s portfolio with facilities in growing demographics, particularly in Miami-Dade and Southern Broward. The lease will extend to 2041 under a master agreement with Steward Health Care System. MPT plans to finance the acquisition through available cash and capital recycling transactions valued over $1 billion, aiming for immediate per-share net income improvement and ongoing profitability.

Medical Properties Trust (NYSE: MPW) announced agreements to acquire 18 inpatient behavioral health facilities and an interest in Springstone, LLC for $950 million. This acquisition targets a growing market for behavioral health services in the U.S. The deal is expected to yield over 9.0% GAAP return with a 1.75x lease coverage ratio. Funding is planned through cash and credit arrangements. The transaction aims to close in the second half of 2021, subject to regulatory approvals. MPT anticipates this investment will provide immediate financial benefits and enhance its competitive position.

Medical Properties Trust (MPW) announced a quarterly cash dividend of $0.28 per share of common stock, payable on July 8, 2021, to stockholders of record on June 17, 2021.

Founded in 2003, MPW has grown to own 425 facilities with approximately 44,000 licensed beds in nine countries. The company facilitates hospital acquisitions and recapitalizations, allowing for investments in operations through its financing model.

Medical Properties Trust, Inc. (NYSE: MPW) has been recognized as one of Modern Healthcare’s Best Places to Work in Healthcare for 2021. This accolade highlights the Company’s commitment to providing an excellent working environment for its approximately 120 professionals. The recognition was based on an independent employee engagement survey covering company culture, work environment, training, and job satisfaction. Established in 2003, MPT specializes in acquiring and developing net-leased hospital facilities, currently owning 425 facilities across nine countries.

Medical Properties Trust reported strong financial results for Q1 2021, with net income of $164 million ($0.28/share) and Normalized Funds from Operations (NFFO) of $244 million ($0.42/share), reflecting growth from the prior year. The company completed an £800 million investment in Priory Group and issued £850 million in senior notes to finance acquisitions. MPT's diversified portfolio now includes 425 properties with total gross assets of approximately $20.9 billion. The annual run-rate guidance for net income is $1.14 to $1.18 per diluted share, while NFFO is expected at $1.72 to $1.76 per diluted share.

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.