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Mar 31, 2020
Medical Properties Trust Q1 2020 Earnings Report
Reported first quarter results with net income of $0.15 per share and normalized FFO of $0.37 per share.
Key Takeaways
Medical Properties Trust reported first quarter results, including per share net income of $0.15 and normalized FFO of $0.37. The company completed the $2.0 billion Circle/BMI acquisition and collected 96% of April rent. MPT has $1.8 billion in liquidity with no near-term debt maturities.
Per share net income of $0.15 and Normalized Funds from Operations (“NFFO”) of $0.37 in the first quarter, both on a per diluted share basis.
Completed acquisition of 30 acute care hospitals located throughout the United Kingdom and now operated by Circle Health (“Circle”) for a purchase price of approximately $2.0 billion (£1.5 billion).
Commenced rent on Idaho Falls Community Hospital, an 88-bed acute care hospital development
Collected 96% of total rent in April and expect that trend to continue
Medical Properties Trust
Medical Properties Trust
Medical Properties Trust Revenue by Segment
Revenue by Segment
Rent Billed Revenue
CapyFin.comStraight-line Rent Revenue
CapyFin.comIncome from Financing Leases Revenue
CapyFin.comInterest and Other Income Revenue
CapyFin.com Forward Guidance
The Company reaffirms its estimated annualized NFFO run rate range including $1.14 to $1.17 per diluted share for net income and $1.65 to $1.68 per diluted share for NFFO based on all announced transactions and an assumed capital structure that results in a net debt to EBITDA ratio of approximately 5.5 times.