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Sep 30, 2020
Medical Properties Trust Q3 2020 Earnings Report
Reported a net income of $0.25 per share and normalized FFO of $0.41 per share, demonstrating significant year-over-year growth and strategic portfolio expansions.
Key Takeaways
Medical Properties Trust reported a strong third quarter with a 24% increase in normalized FFO per share compared to the previous year. The company collected substantially all current rent and interest due from tenants, reflecting a return to pre-COVID operating conditions. MPT continued to expand its portfolio with strategic acquisitions in Germany, the United Kingdom and the United States, and anticipates closing on an investment in Colombia in the fourth quarter.
Net income was $0.25 per diluted share.
Normalized Funds from Operations (NFFO) was $0.41 per diluted share.
Nearly all current rent and interest due from operators expected to be collected in the fourth quarter.
Closed on acquisitions in Germany and the United Kingdom and an investment in Prime St. Francis Medical Center in Lynwood, CA.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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