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Mar 31, 2021
Medical Properties Trust Q1 2021 Earnings Report
Reported net income of $0.28 per share and normalized FFO of $0.42 per share, with NFFO growth exceeding 13% compared to the prior-year quarter and year-to-date investments of approximately $1.6 billion.
Key Takeaways
Medical Properties Trust, Inc. announced financial results for the first quarter ended March 31, 2021. The company reported net income of $0.28 per share and normalized FFO of $0.42 per share. Year-to-date investments reached approximately $1.6 billion.
Net income of $0.28 and Normalized Funds from Operations (“NFFO”) of $0.42 for the 2021 first quarter on a per diluted share basis, well in line with portfolio run-rate guidance.
Closed in January on the previously disclosed £800 million real estate investment in behavioral health properties in the UK operated by Priory Group (“Priory”).
Completed a follow-on equity offering generating net proceeds of $711 million and sold approximately 8.0 million common shares from early March through the Company’s “at-the-market” program for additional net proceeds of approximately $173 million.
Hospital tenants uniformly reporting continued strong operating and financial performance.
Revenue by Segment
Forward Guidance
MPT expects an annual run-rate of $1.14 to $1.18 per diluted share for net income and $1.72 to $1.76 per diluted share for NFFO.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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