Please wait while we load the requested 10-Q report or click the link below:
|Contact: Tim Berryman|
|Director Investor Relations|
|Medical Properties Trust, Inc.|
MEDICAL PROPERTIES TRUST, INC. REPORTS THIRD QUARTER RESULTS
Positioned for $2.0 Billion in Accretive, Low-Levered Acquisitions
Updates 2018 and Introduces 2019 Estimates
Birmingham, AL November 1, 2018 Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced financial and operating results for the third quarter ended September 30, 2018.
MPT successfully completed its planned capital recycling strategy during the third quarter and we have positioned ourselves uniquely among healthcare REITs for immediate and accretive growth. We have an outstanding balance sheet with sector-leading low leverage and approximately $2.0 billion in available liquidity at the same time our pipeline is the largest and best it has ever been, said Edward K. Aldag, Jr., MPTs Chairman, President and Chief Executive Officer. We think 2019 has the potential to be a monumental year for the Company with opportunity to deliver market-leading FFO and dividend growth from the very large, diverse and actionable acquisition pipeline that we have assembled.
THIRD QUARTER AND RECENT HIGHLIGHTS
Net income of $2.00 and Normalized Funds from Operations (NFFO) of $0.35 in the third quarter, both on a per diluted share basis;
Completed the additions to the master lease of 5 Steward hospitals aggregating $811.4 million that were previously mortgaged to MPT (including 2 hospitals aggregating $273.7 million that were completed in the first half of 2018), substantially improving the credit characteristics of the Steward portfolio;
Completed the previously announced sale of MPTs equity investment in Ernest Health, Inc. in October resulting in total proceeds of approximately $176 million;
As previously announced, completed in August the joint venture with Primonial Real Estate Investment Management (Primonial) resulting in total proceeds of approximately 1.14 billion, and sold North Cypress Medical Center to Hospital Corporation of America for $148 million;
The following information was filed by Medical Properties Trust Inc (MPW) on Thursday, November 1, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Medical Properties Trust Inc's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Medical Properties Trust Inc.