MPT reports Q3 net income $0.19/share; plans $2B liquidity raise to repay debt

MEDICAL PROPERTIES TRUST INC

2023-Q3 EPS reported $0.18 revenue$994,182,000

Net income $117M ($0.19/diluted share) vs $222M ($0.37) a year ago; NFFO $226M ($0.38) vs $272M ($0.45).
Narrowed 2023 guidance: net income $0.36-$0.38/share and NFFO $1.56-$1.58/share.
Closed sale of three hospitals to Prime Healthcare for ~$100M and four Australian facilities for AUD$470M.
Agreed in principle to sell seven facilities back to tenant (~1% of total assets) in H1 2024; wrote off deferred rent and straight-line rent.
Dividend held at $0.15/share (50% AFFO payout); plans to raise ~$2B liquidity over 12 months via divestitures, JVs, secured debt.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MEDICAL PROPERTIES TRUST INC reported the third quarter ended September 30, 2023 results: net income $0.19, EPS $0.19 per diluted share.

Period: the third quarter ended September 30, 2023
Net income: $0.19
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

Medical Properties Trust, Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2023.

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Source: SEC EDGAR

accession 0001193125-23-263599

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