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Mar 31, 2023
Medical Properties Trust Q1 2023 Earnings Report
Reported a net income of $0.05 per share and normalized FFO of $0.37 for the first quarter.
Key Takeaways
Medical Properties Trust reported first quarter results with a net income of $0.05 per share and normalized FFO of $0.37 per share. Recent transactions have validated underwritten values, providing additional capital flexibility. The company declared a second quarter regular dividend of $0.29 per share.
Net income of $0.05 and Normalized Funds from Operations (“NFFO”) of $0.37 for the 2023 first quarter on a per diluted share basis.
Agreed in March to sell the Healthscope portfolio in Australia for AUD$1.2 billion with proceeds targeted for repayment of the Company’s Australian term loan.
Received notice in March that Prime Healthcare (“Prime”) will exercise its right to repurchase three hospitals in Kansas and Texas in the third quarter for roughly $100 million.
Declared a regular quarterly dividend of $0.29 per share of common stock to be paid on July 13, 2023 to stockholders of record on June 15, 2023.
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 is adjusting its 2023 calendar estimate of per share net income to $0.06 to $0.17 to account for first quarter results and announced transaction activity and is adjusting its estimate of per share NFFO to $1.50 to $1.61 to account for the impact of announced deleveraging asset sales (and expected $1.4 billion debt reduction).
Revenue & Expenses
Visualization of income flow from segment revenue to net income