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|Contact: Tim Berryman|
|Director Investor Relations|
|Medical Properties Trust, Inc.|
MEDICAL PROPERTIES TRUST, INC. COMPLETES 2019
WITH RECORD $4.5 BILLION IN ACQUISITIONS FOR 64% GROWTH RATE
AND DELIVERS MARKET-LEADING SHAREHOLDER RETURNS
Completes $861 Million of Acquisitions in the Fourth Quarter and Commences
2020 Growth with Additional $1.9 Billion in Accretive Investments
Fourth Quarter Per Share Net Income of $0.26 and Normalized FFO of $0.35
Birmingham, AL February 6, 2020 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, 2019 and recent highlights.
2019 was a year of incomparable growth and achievement for MPT, said Edward K. Aldag, Jr., MPTs Chairman, President and Chief Executive Officer. We delivered a market leading 39% return to our shareholders and have now doubled our market capitalization to $11.8 billion to become one of the 30 largest REITs in the market. Since our IPO in 2005 we have delivered a total return of more than 554% to our shareholders comprised of cash dividends and increases in share value exceeding $6.6 billion we created more than 40% of that value in 2019 alone, capping off a five year period during which, just like the IPO to date period, our total returns to shareholders led the Healthcare and Broad REIT indices at almost 115%, continued Aldag.
In the fourth quarter alone, continuing the performance of the first nine months of 2019, MPT completed approximately $861 million in hospital acquisitions, including immediately accretive investments in the United States, Spain and Portugal, further improving the Companys already diversified geographic footprint and creating strong relationships with key global operators. With more than $4.5 billion of acquisitions completed in 2019, MPT achieved 64% growth in assets year over year and now has an enterprise value exceeding $19 billion, up more than 90% over 2018. The blended GAAP capitalization rate for the $4.5 billion in 2019 acquisitions approximates 8.0%.
Aldag added, While we are not prepared to predict 64% growth again, MPT has already started 2020 with completed acquisitions exceeding $1.9 billion and we are actively working a vibrant pipeline that exceeds $3.0 billion. We believe we are in the early stages of a rapidly developing market for hospital real estate transactions and MPT is the unquestioned global leader in these markets. At the same time, MPTs access to capital has continued to expand both in improved global pricing and expanded sources of debt and equity. Our most recent transactions have resulted in initial cash investment spreads of between 3.0% and 4.0% - results that we do not see in other investment sectors.
The following information was filed by on Thursday, February 6, 2020 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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