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Mar 31, 2022
Medical Properties Trust Q1 2022 Earnings Report
Reported a net income of $1.05 per share and normalized FFO of $0.47 per share, demonstrating a 12% growth in per share NFFO versus the prior-year quarter.
Key Takeaways
Medical Properties Trust, Inc. announced its financial results for the first quarter ended March 31, 2022, reporting a net income of $1.05 per share and normalized funds from operations (NFFO) of $0.47 per share. The company completed a hospital partnership transaction with Macquarie Asset Management, resulting in a $600 million gain and $1.3 billion in cash proceeds. MPT also made new investments of approximately $370 million, including $200 million for four hospitals in Finland.
Net income of $1.05 and Normalized Funds from Operations (NFFO) of $0.47 for the 2022 first quarter on a per diluted share basis.
Completed hospital partnership transaction with Macquarie Asset Management, resulting in an approximate $600 million gain and roughly $1.3 billion in cash proceeds.
Added approximately $370 million in new investments, including approximately $200 million for four general acute hospitals in Finland.
Completed the sales for cash proceeds of $86 million of two under-rented general acute hospitals formerly operated by Adeptus Health.
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's new estimates of per share net income and NFFO of $1.10 to $1.14 and $1.78 to $1.82, respectively, do not include approximately $25 million in rents from development projects that were included in the previous run-rate estimates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income