Loading...
•
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.
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
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.