MPT Q3 EPS $0.37, NFFO $0.45; raises net income guidance, tightens NFFO range

MEDICAL PROPERTIES TRUST INC

2022-Q3 EPS reported $1.74 revenue$1,162,365,000

Q3 net income $222M ($0.37/sh) vs $171M ($0.29) YoY; NFFO $272M ($0.45) vs $263M ($0.44).
YTD capital recycling generated approx $1.8B cash; binding agreements for >$650M proceeds in 2023 from asset sales and loan repayments.
Sold 3 CT hospitals to Prospect for ~$457M; expects LifePoint subsidiary to acquire Springstone majority interest, leading to ~$200M loan repayment in H1 2023.
Updated 2022 guidance: net income $1.99-$2.01 (incl. $537M gains); NFFO $1.80-$1.82 (prior $1.78-$1.82).
Declared Q4 dividend $0.29/sh; CPI-linked leases expected to yield 4-5% cash rent growth next year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MEDICAL PROPERTIES TRUST INC reported three and nine months ended September 30, 2022 results: net income Net income for the 2022 third quarter ended September 30, 2022 was $222 million ($0.37 per diluted share), EPS Net income for the 2022 third quarter ended September 30, 2022 was $222 million ($0.37 per diluted share). Guidance raised.

Period: three and nine months ended September 30, 2022
Net income: Net income for the 2022 third quarter ended September 30, 2022 was $222 million ($0.37 per diluted share)
EPS: Net income for the 2022 third quarter ended September 30, 2022 was $222 million ($0.37 per diluted share)
Guidance: raised
Result: reported results

Exact text from the filing

On October 27, 2022, Medical Properties Trust, Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2022.

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Source: SEC EDGAR

accession 0001193125-22-270499

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