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Jun 30, 2020
Medical Properties Trust Q2 2020 Earnings Report
Reported net income of $0.21 per share and normalized FFO of $0.38 per share.
Key Takeaways
Medical Properties Trust reported second quarter results with a net income of $0.21 per share and Normalized Funds from Operations (NFFO) of $0.38 per share. The company closed and announced $3.1 billion of investments year-to-date and collected 100% of rent and interest or are subject to definitive repayment agreements since the onset of COVID-19.
Net income of $0.21 and Normalized Funds from Operations (“NFFO”) of $0.38 in the second quarter, both on a per diluted share basis.
Expected full-calendar year 2020 cash rent and interest collections of 98%; deferrals of current rent and interest due will end by the fourth quarter, and amounts remaining unpaid will be collected pursuant to defined repayment arrangements.
Acquired in early July for $200 million the fee simple interest in Steward’s Davis and Jordan Valley, UT Hospitals previously subject to a mortgage loan investment from MPT.
Entered into commitments to acquire real estate of Prime St. Francis Medical Center in Lynwood, CA for an investment of $300 million; expected to close in the third quarter.
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 $1.09 to $1.12 per diluted share for net income and $1.68 to $1.71 per diluted share for NFFO.