earnings
confidence high
sentiment negative
materiality 0.85
MPT reports Q2 net loss $0.54/share, cuts cash dividend to $0.08, amends credit facility
MEDICAL PROPERTIES TRUST INC
2024-Q2 EPS reported
-$1.99
revenue$537,876,000
- Net loss of ($321M) or ($0.54)/share; NFFO $139M ($0.23)/share vs $285M ($0.48) prior year.
- Dividend limited to $0.08/share cash per quarter during modified covenant period through Sept 2025.
- Credit facility amended: revolver cut to $1.28B, leverage ratios eased, net worth covenant reset to $5B.
- Year-to-date liquidity >$2.5B: $1.1B Utah JV, $350M Prime sale, £631M UK financing, $160M Dignity sale.
- Impaired $400M equity stake in Massachusetts Steward partnership; expects to relinquish 8 hospitals.