earnings
confidence high
sentiment negative
materiality 0.85
MPT Q2 net loss $0.07/shr; NFFO $0.48; narrows 2023 outlook
MEDICAL PROPERTIES TRUST INC
2023-Q2 EPS reported
-$0.02
revenue$687,606,000
- Net loss of $42M ($0.07/shr) vs income $190M ($0.32) YoY; includes $286M accelerated amortization and $95M rent write-off.
- Normalized FFO of $285M ($0.48/shr) vs $275M ($0.46) YoY; includes $68M equity receipt from PHP.
- Sold three hospitals to Prime Healthcare for ~$100M; invested up to $140M in Steward Health's asset-backed credit facility.
- 2023 guidance narrowed: net income $0.33-$0.37 per share; NFFO $1.53-$1.57 per share.
- Established UK REIT, reducing future income tax; recognized $160M tax benefit in Q2.