Medical Prop Stock Price, News & Analysis

Medical Properties Trust (NYSE: MPW) has announced a lease agreement for its Utah hospital portfolio with Catholic Health Initiatives Colorado, a subsidiary of CommonSpirit Health. This follows CHIC's acquisition of the Utah operations from Steward Health Care System. The transaction, representing 6% of MPT's total gross assets, aims to diversify MPT's portfolio. The 15-year lease begins with cash payments at 7.8% of MPT's gross investment, increasing by 3% annually. This partnership is expected to enhance MPT's cash flow profile, supported by CHIC's strong credit rating, while providing a buyout option at specific intervals.

Medical Properties Trust (NYSE: MPW) announced the completion of Lifepoint Health's acquisition of a majority ownership interest in Springstone Health Opco, LLC. As part of this deal, MPW sold a $190 million loan and accrued interest for approximately $205 million to Lifepoint. MPW retains ownership of 18 behavioral health hospitals and a minority stake in Springstone. This acquisition aligns with MPW's strategy to enhance its portfolio in the healthcare real estate sector.

Medical Properties Trust, Inc. (NYSE: MPW) will host a conference call on February 23, 2023, at 11:00 a.m. Eastern Time to discuss its fourth quarter and year-end 2022 financial results. A press release detailing these results will be available before market opening on the same date. Investors can join the call by dialing 833-630-1956 (U.S.) or 412-317-1837 (International), with no passcode needed. The live webcast will be accessible via the Investor Relations section of the company’s website. A replay will also be available through March 9, 2023.

Medical Properties Trust, Inc. (NYSE: MPW) announced the approval of its master lease by Pipeline Health, allowing Pipeline to exit bankruptcy while maintaining unchanged lease terms for four Los Angeles area hospitals and two medical office buildings. MPT will collect 100% of rent accrued during bankruptcy and defer $5.6 million of 2023 cash rent to 2024 with interest. This arrangement highlights the resilience of hospital real estate, as MPT expects no adverse impact on its long-term cash rent trajectory from Pipeline's financial challenges.

Medical Properties Trust, Inc. (NYSE: MPW) has declared a quarterly cash dividend of $0.29 per share, scheduled for payment on January 12, 2023. Stockholders of record as of December 8, 2022 will be eligible to receive this dividend. MPT, a leading real estate investment trust, specializes in acquiring and developing hospital facilities, boasting over 435 facilities and 44,000 licensed beds across ten countries. The company's financing model supports hospital operators in enhancing their real estate assets for operational improvements.

Medical Properties Trust reported a third-quarter 2022 net income of $222 million ($0.37 per diluted share) and a Normalized Funds from Operations (NFFO) of $272 million ($0.45 per diluted share). The company executed approximately $1.8 billion in capital recycling transactions year-to-date. A regular quarterly dividend of $0.29 per share was declared, representing an 81% payout of adjusted funds from operations. The company anticipates increased cash rent growth of 4-5% in 2023, aligning with hospital industry revenue trends.

Medical Properties Trust, Inc. (NYSE: MPW) will host a conference call on October 27, 2022, at 11:00 a.m. Eastern Time to discuss its third quarter 2022 financial results. A press release with these results will be issued before the market opens on the same day. Interested parties 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.

Medical Properties Trust (MPW) announced a Board-approved stock buyback program for up to $500 million of its common stock to be completed by October 2023. The buyback is intended to be neutral to the company's leverage ratio and will utilize cash on hand along with other financial resources. The company retains discretion over the timing and amount of repurchases, assessing market conditions and potential investments against liquidity considerations. MPW operates one of the largest hospital real estate portfolios globally.

Medical Properties Trust has announced the sale of three hospitals in Connecticut to Prospect Medical Holdings for a total consideration of approximately $457 million. This amount reflects what MPT initially paid for the properties in August 2019. The transaction is backed by timely rent payments of approximately $104 million made by Prospect. Proceeds will be used to reduce debt and explore further investment opportunities, contributing to over $1 billion in liquidity. The deal is expected to close in 2023, pending regulatory approvals.