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|Contact: Tim Berryman|
|Director Investor Relations|
|Medical Properties Trust, Inc.|
MEDICAL PROPERTIES TRUST, INC. REPORTS FIRST QUARTER RESULTS
Per Share Net Income of $0.20 and Normalized FFO of $0.31
Reaffirms Estimate of $2.5 Billion in 2019 Acquisitions
Birmingham, AL May 2, 2019 Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced financial and operating results for the first quarter ended March 31, 2019 and recent highlights.
As MPT executes on its robust $5 billion pipeline, considerable progress has been made on our previously announced Healthscope acquisition with the securing of financing and the scheduling by Healthscope on May 22 of its shareholder meeting, said Edward K. Aldag, Jr., MPTs Chairman, President and Chief Executive Officer. We expect to close on this $859 million transaction during the second quarter. In another transaction, MPT has expanded its footprint in the UK with the acquisition of BMI Harbour Hospital, an acute care hospital located in Poole, England. In the capital markets, we had outstanding execution in the first quarter raising approximately $400 million through our at-the-market program, in anticipation of substantial acquisition activity throughout the remainder of 2019.
FIRST QUARTER AND RECENT HIGHLIGHTS
Net income of $0.20 and Normalized Funds from Operations (NFFO) of $0.31 in the first quarter both on a per diluted share basis;
Acquired the freehold interest of the BMI Harbour Hospital, an acute care hospital located in the highly desirable area of Poole, England, for approximately $45.4 million;
Agreed with a syndicate of banks to terms of an Australian $1.2 billion unsecured term loan;
Sold 22.6 million common shares for approximately $400 million through the Companys at-the-market program totaling 28.2 million shares and $494 million since commencement of sales in 2018s fourth quarter.
Included in the financial tables accompanying this press release is information about the Companys assets and liabilities, net income and reconciliations of net income to NFFO, all on a basis comparable to 2018 results. In addition, a reconciliation of pro forma total gross assets to total assets is included in the financial tables accompanying this press release.
The following information was filed by Medical Properties Trust Inc (MPW) on Thursday, May 2, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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