Medical Prop Stock Price, News & Analysis

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.

Medical Properties Trust (MPW) announced the pricing of a public offering of notes through its operating partnership, aiming to raise approximately $833 million. The notes, with a coupon of 3.500%, will mature on March 15, 2031, and interest payments commence on March 15, 2021. The proceeds will primarily be used for redeeming existing senior notes due 2024, along with general corporate purposes. The offering is set to close on December 4, 2020. Goldman Sachs and several other financial institutions are joint book running managers for the offering.

Medical Properties Trust (MPW) announced plans to offer $1,000,000,000 in senior unsecured notes due 2031. The proceeds will primarily be used to redeem existing senior notes totaling $300 million at 5.50% and $500 million at 6.375%, covering accrued interest and related costs. The remainder will support general corporate needs, including credit facility repayments and potential acquisitions. The offering will be managed by leading financial institutions under an effective shelf registration statement with the SEC.

Medical Properties Trust (MPW) announced a quarterly cash dividend of $0.27 per share of common stock, set to be paid on January 7, 2021, to stockholders of record by December 10, 2020. The company, founded in 2003, focuses on acquiring and developing net-leased hospital facilities, boasting approximately 385 facilities and around 42,000 licensed beds across nine countries. This dividend reflects the company's commitment to delivering value to its shareholders.

Medical Properties Trust (MPW) reported strong third-quarter results for 2020, with net income of $131.1 million ($0.25 per diluted share) and Normalized Funds from Operations (NFFO) of $220.7 million ($0.41 per diluted share), marking a 24% increase year-over-year. The company expects to collect nearly all rent and interest from operators, including previously deferred rents. Notable acquisitions include facilities in Germany, the UK, and a significant investment in California. MPW forecasts an annual run-rate of $1.09 to $1.12 per diluted share for net income and $1.68 to $1.71 for NFFO.

Medical Properties Trust, Inc. (NYSE: MPW) will host a conference call and webcast on October 29, 2020, at 11:00 AM Eastern Time to discuss its third quarter financial results. A press release detailing these results will be released before market opening on the same day. The call can be accessed by dialing 844-535-3969 for U.S. and Canada, or 409-937-8903 internationally, with passcode 7673146. Replay options will be available through November 12, 2020.

For more details, visit www.medicalpropertiestrust.com.