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|Contact: Tim Berryman|
|Director Investor Relations|
|Medical Properties Trust, Inc.|
MEDICAL PROPERTIES TRUST, INC. REPORTS SECOND QUARTER RESULTS
Per Share Net Income of $0.20 and Normalized FFO of $0.31
Acquisitions of $3.4 Billion Represents Year-to-Date Growth of 37%
Additional Acquisitions in Second Half of 2019 Expected
Birmingham, AL August 1, 2019 Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced financial and operating results for the second quarter ended June 30, 2019 and recent highlights.
Our over-achievement of MPTs 2019 acquisitions goal only half-way through the year demonstrates that we are in the early stages of a rapidly expanding global market for hospital real estate, said Edward K. Aldag, Jr., MPTs Chairman, President and Chief Executive Officer. Even though we have announced completed and pending transactions totaling $3.4 billion, a 37% year-to-date growth rate, we expect that this market will continue to offer further acquisition opportunities during the remainder of this year and beyond, continued Aldag.
In the capital markets, our cost of equity and debt capital continues to decline as a result of MPTs strong balance sheet, diversified portfolio and increased scale. Recent highly successful equity and debt offerings resulted in net proceeds to the Company of approximately $858 million and $885 million, respectively. Our $900 million offering of senior notes priced with a historically low coupon of 4.625%. This strong execution in the capital markets supports our future growth and the continuation of our strongly accretive acquisitions.
SECOND QUARTER AND RECENT HIGHLIGHTS
Net income of $0.20 and Normalized Funds from Operations (NFFO) of $0.31 in the second quarter both on a per diluted share basis;
Previously announced transactions and capital markets activities in the second quarter and more recently include the following:
Completed or announced binding agreements to make $3.4 billion of highly and immediately accretive investments in hospital real estate with outstanding characteristics:
Approximate 8.0% blended GAAP rate for all 2019 year-to-date transactions;
The following information was filed by Medical Properties Trust Inc (MPW) on Thursday, August 1, 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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