Medical Properties Trust announced its Q3 2022 financial results, with a net income of $0.37 per share and normalized FFO of $0.45 per share. The company has generated approximately $1.8 billion in cash from capital recycling transactions year-to-date. They are increasing their estimate of 2022 per share net income to $1.99 to $2.01, including year-to-date gains on sales of approximately $537 million, and is also tightening its estimate of 2022 per share NFFO to $1.80 to $1.82 from a prior range of $1.78 to $1.82.
Net income for the third quarter of 2022 was $0.37 per diluted share.
Normalized Funds from Operations (NFFO) for the third quarter of 2022 was $0.45 per diluted share.
Year-to-date capital recycling transactions generated approximately $1.8 billion of cash.
Company expects to receive more than $650 million in proceeds in 2023 from other binding agreements.
MPT is increasing its estimate of 2022 per share net income to $1.99 to $2.01, including year-to-date gains on sales of approximately $537 million, and is also tightening its estimate of 2022 per share NFFO to $1.80 to $1.82 from a prior range of $1.78 to $1.82.
Visualization of income flow from segment revenue to net income