Medical Prop Stock Price, News & Analysis

Medical Properties Trust, Inc. (NYSE: MPW) reported its first-quarter 2023 results, revealing a net income of $33 million ($0.05 per share) and Normalized Funds from Operations (NFFO) of $222 million ($0.37 per share). The company is adjusting its 2023 guidance for net income to a range of $0.06 to $0.17 and NFFO to $1.50 to $1.61, factoring in asset sales and expected $1.4 billion debt reduction. A quarterly dividend of $0.29 per share was declared, payable July 13, 2023. Recent transactions validated asset values, providing significant capital flexibility, with no debt maturities until 2025.

Medical Properties Trust, Inc. (NYSE: MPW) is set to hold a conference call and webcast on April 27, 2023, at 11:00 a.m. Eastern Time to discuss its first quarter 2023 financial results. The company will release the financial results before the market opens on the same day. Participants can join the call by dialing 833-630-1956 in the U.S. or 412-317-1837 internationally. The call will also be available via webcast on the company’s Investor Relations website. A replay of the call will be accessible shortly after the completion and will remain available until May 11, 2023. Medical Properties Trust is a self-advised REIT focused on acquiring and developing net-leased hospital facilities, enabling operators to improve their real estate assets.

Medical Properties Trust, Inc. (NYSE: MPW) issued a statement addressing a Wall Street Journal article published on April 7, 2023. The company reaffirmed its adherence to generally accepted accounting principles specific to healthcare REITs. The press release clarified that a $300 million in-place lease intangible related to the Steward lease will not affect the funds from operations if the CommonSpirit transaction closes. MPT expects an acceleration of amortization of this lease intangible but emphasized that it is a non-cash accounting adjustment. The company also noted that the lease revenue from the CommonSpirit deal over 15 years could approach $1.8 billion, significantly exceeding the current book value of its Utah properties. MPT aims to maintain transparency around its financial practices while highlighting the profitability potential of the upcoming CommonSpirit lease.