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|Contact: Tim Berryman|
|Director Investor Relations|
|Medical Properties Trust, Inc.|
|(205) 969-3755 firstname.lastname@example.org|
MEDICAL PROPERTIES TRUST, INC. REPORTS FOURTH QUARTER RESULTS
Per Share Normalized FFO of $0.31 and Net Income of $0.13
Completes Balance Sheet Restructuring with New Credit Facility
Birmingham, AL February 9, 2017 Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced financial and operating results for the fourth quarter and year ended December 31, 2016 through 2017s first quarter.
In 2016 and through the early days of 2017, MPT achieved all of the operational goals we set early in the year, said Edward K. Aldag, Jr., MPTs Chairman, President and Chief Executive Officer. We successfully and profitably repositioned our portfolio by capturing sizable gains from asset sales in the first half and allocating capital to compelling new opportunities in the second half. The approximate $800 million in asset sales, and our solid execution in the capital markets, helped to significantly strengthen our balance sheet, reduce leverage, improve liquidity, and position the company for long-term growth.
In the fourth quarter, we added Steward Health Care to our portfolio of 247 hospitals. Forward-thinking operators, such as Steward, have proven their ability to effectively navigate the changing landscape of healthcare and profitably provide quality care to their patients, especially during times of dramatically changing hospital environments such as the implementation of and now the unwinding of the Affordable Care Act. We see significant acquisition opportunities ahead as operators with proven healthcare delivery models look to expand into new markets with the assistance of MPT.
FOURTH QUARTER AND RECENT HIGHLIGHTS
|||Normalized Funds from Operations (FFO) per diluted share was $0.31 in the fourth quarter compared with $0.35 in fourth quarter of 2015;|
|||On a full year basis 2016s Normalized FFO per share increased to $1.28 compared to $1.26 per diluted share in 2015, an increase even in a year of significant asset sales;|
|||Acquisitions reported in 2016 totaled approximately $1.8 billion, continuing the trajectory of highly and immediately accretive growth, compared to approximately $1.7 billion in 2015 and $1.4 billion in 2014;|
The following information was filed by Medical Properties Trust Inc (MPW) on Thursday, February 9, 2017 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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