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|Contact: Tim Berryman|
|Director Investor Relations|
|Medical Properties Trust, Inc.|
MEDICAL PROPERTIES TRUST, INC. REPORTS FOURTH QUARTER RESULTS
Increases Companys Acquisition Estimates for 2019
And Affirms Previous Earnings Guidance
Birmingham, AL February 7, 2019 Medical Properties Trust, Inc. (NYSE: MPW) (the Company or MPT) today announced financial and operating results for the fourth quarter and year ended December 31, 2018. Per diluted share net income was $0.21 and $2.76, respectively and Normalized Funds from Operations (NFFO) was $0.31 and $1.37, respectively.
We have begun 2019 by immediately executing the growth plans we laid out late last year, said Edward K. Aldag, Jr., MPTs Chairman, President and Chief Executive Officer. Our recently announced agreements to acquire 11 premier hospitals in Australia for approximately $859 million is the first of what we expect to be several major acquisitions in 2019. We have continued growing our acquisition pipeline and look forward to capitalizing on diverse and accretive opportunities through the coming year.
FOURTH QUARTER AND RECENT HIGHLIGHTS
Net income of $0.21 and NFFO of $0.31 for the fourth quarter, both on a per diluted share basis;
On a full year basis, 2018 net income per share of $2.76 and NFFO of $1.37;
Entered into definitive agreements to acquire and lease back 11 Australian hospitals operated by Healthscope Ltd. (Healthscope) for an aggregate purchase price of approximately $859 million; the agreements also provide for up to $350 million of additional investments in improvements, expansions and redevelopments;
Previously announced completion of sale of MPTs equity investment in Ernest Health, Inc. in October resulting in total proceeds of approximately $176 million;
Through January sold 11.9 million shares of common stock under the Companys at-the-market program generating approximately $200 million in proceeds, and further strengthening the balance sheet in anticipation of future acquisitions.
The following information was filed by Medical Properties Trust Inc (MPW) on Thursday, February 7, 2019 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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