Medical Prop Stock Price, News & Analysis

Medical Properties Trust, Inc. (NYSE: MPW) has announced a definitive agreement to sell its Australian real estate investments operated by Healthscope to HMC Capital. This transaction is expected to generate cash proceeds of approximately AUD$1.2 billion, which will be used to fully prepay a term loan maturing in 2024. The sale reflects a lease capitalization rate of around 5.7% and is anticipated to close in the latter half of 2023, pending regulatory approvals. This strategic move demonstrates strong investor demand for hospital infrastructure, positioning the company favorably in the market.

Medical Properties Trust (NYSE: MPW) has announced the promotion of three key executives to Senior Vice President roles. Rosa Hooper will lead Operations and continue asset management. Kevin Hanna takes on the role of SVP – Controller and Chief Accounting Officer. Larry Portal becomes SVP – Senior Advisor to the CEO. CEO Edward K. Aldag Jr. expressed pride in these appointments, highlighting their contributions over the past decade. Founded in 2003 and based in Birmingham, Alabama, MPT has grown to own 444 hospital facilities across ten countries, supporting operators in unlocking value for improvements.

Medical Properties Trust (NYSE: MPW) has released a Supplemental Update presentation on its Investor Relations website. The company, founded in 2003 and headquartered in Birmingham, Alabama, has grown to be one of the largest owners of hospital real estate, managing 444 facilities with approximately 44,000 licensed beds in ten countries. MPT's financing model supports acquisitions and allows hospital operators to leverage real estate assets for improvements and technological upgrades. Investors are encouraged to monitor the website for material updates in compliance with Regulation FD.

Medical Properties Trust, Inc. (NYSE: MPW) announces the retirement of Emmett E. McLean, Executive Vice President and COO, effective September 1, 2023. McLean, who has served the company for over 20 years, was a founding member of MPT in 2003. He played a crucial role in various departmental functions including Asset Management, Human Resources, and IT, and led initiatives for employee recruitment and retention. His community involvement includes serving on multiple boards of charitable organizations. MPT, founded in Birmingham, Alabama, is a leading global owner of hospital real estate with 444 facilities and nearly 44,000 licensed beds across ten countries.

Medical Properties Trust (MPW) reported a fourth-quarter net loss of ($0.24) per share and a full-year net income of $1.50 per share. The company recorded a real estate impairment of approximately $171 million linked to properties leased to Prospect Medical Holdings. Full-year Normalized FFO (NFFO) reached $1.82 per share, reflecting a 4% growth year-over-year. MPW acquired six Priory behavioral health facilities for £233 million and anticipates an additional $50 million in cash rent escalators for 2023. The company estimates a 2023 per share net income of $0.83 to $0.98 and NFFO of $1.50 to $1.65, wary of potential revenue delays from Prospect.

Medical Properties Trust (MPW) has declared a quarterly cash dividend of $0.29 per share, set to be paid on April 13, 2023, to stockholders recorded by March 16, 2023. Additionally, the company announced its annual meeting for stockholders will be held on May 25, 2023, at 10:30 a.m. Central Time in Birmingham, Alabama, for stockholders of record as of March 29, 2023. As a leading real estate investment trust, MPW specializes in acquiring and developing net-leased hospital facilities, boasting approximately 435 hospitals and 44,000 licensed beds across ten countries.

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.