earnings
confidence high
sentiment positive
materiality 0.85
MPT Q3 net income $0.29/sh, NFFO $0.44/sh; announces $1.5B capital transactions
MEDICAL PROPERTIES TRUST INC
2022-Q3 EPS reported
$0.76
revenue$1,135,336,000
- Net income of $171M ($0.29 diluted) vs $131M ($0.25) YoY; NFFO $263M ($0.44) vs $221M ($0.41).
- Completed $900M sale-leaseback of 5 FL hospitals with Steward; $760M sale-leaseback of 18 behavioral hospitals.
- Entered partnership with Macquarie for 8 MA hospitals valued at $1.78B, expected $1.3B proceeds to MPT.
- Agreed to lease 5 Utah hospitals to HCA Healthcare; €500M 0.993% notes issued, redeemed 4% notes due 2022.
- Annual NFFO run-rate guidance $1.81-$1.85/sh; net debt/EBITDA ~6.0x pro forma.