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Contact: Charles Lambert
Medical Properties Trust, Inc.
MEDICAL PROPERTIES TRUST, INC. REPORTS
FOURTH QUARTER AND 2011 RESULTS
Will Discuss Major Acquisition on Conference Call
Birmingham, AL January 31, 2012 Medical Properties Trust, Inc. (the Company) (NYSE: MPW) today announced financial and operating results for the quarter and year ended December 31, 2011. The Company also disclosed that it will describe a major new acquisition on its scheduled conference call.
FOURTH QUARTER AND RECENT HIGHLIGHTS
Reported fourth quarter Normalized Funds from Operations (FFO) and Adjusted FFO (AFFO) per diluted share of $0.19 and $0.19, respectively, in-line with Company guidance;
Completed more than $311 million of investments in 2011;
Closed the $75.0 million Hoboken University Medical Center transaction in November;
Entered into a $30.0 million agreement with an affiliate of a national hospital operating company in October to acquire, provide for development funding and lease three emergency room-focused acute care hospitals in the San Antonio market;
Sold two hospitals to tenants for $41.1 million, resulting in gains of $5.4 million; and
Paid 2011 fourth quarter cash dividend of $0.20 per share on January 5, 2012.
The Company reported fourth quarter 2011 Normalized FFO and AFFO of $20.5 million and $21.2 million, respectively, or $0.19 per diluted share, for both measures. Normalized FFO and AFFO for the fourth quarter of 2010 were $18.2 million and $18.6 million, respectively, or $0.17 per diluted share for both measures.
The Company recorded gains of $5.4 million during the quarter, $0.05 per diluted share, resulting from the sale of the real estate of the Sherman Oaks Hospital in California to an
The following information was filed by Medical Properties Trust Inc (MPW) on Tuesday, January 31, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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