MPT reports Q1 net loss of $1.23/sh, $693M impairments; Steward bankruptcy, $75M DIP

MEDICAL PROPERTIES TRUST INC

2024-Q1 EPS reported -$1.46 revenue$271,316,000

Net loss of $736M ($1.23/sh) vs net income $33M ($0.05/sh) in Q1 2023; NFFO $0.24/sh vs $0.37/sh.
Impairments of $693M ($1.16/sh) including full reserve of $360M loan to Steward and equity investment.
Completed $350M sale of five hospitals to Prime Healthcare; sold 75% interest in five Utah hospitals for ~$1.1B.
Provided $75M debtor-in-possession financing to Steward after Chapter 11 filing; expects orderly re-tenanting.
Paid $0.15/sh quarterly dividend; total liquidity transactions of $1.6B YTD, exceeding initial $2B target.

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 first quarter ended March 31, 2024 results: net income ($736 million) (($1.23) per share), EPS ($1.23) per share.

Period: first quarter ended March 31, 2024
Net income: ($736 million) (($1.23) per share)
EPS: ($1.23) per share
Result: reported results

Exact text from the filing

Net loss for the first quarter ended March 31, 2024 was ($736 million) (($1.23) per share) compared to net income of $33 million ($0.05 per share) in the year earlier period.

View on SEC.gov

1427 earnings releases filed in the last 30 days. Browse all earnings releases →

MEDICAL PROPERTIES TRUST INC filing history →

Source: SEC EDGAR

accession 0001193125-24-134847

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.