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Sep 30, 2023
Medical Properties Trust Q3 2023 Earnings Report
Confirmed long-term strength, stability, and performance of business model.
Key Takeaways
Medical Properties Trust reported a net income of $0.19 per share and normalized FFO of $0.38 in the third quarter of 2023. The company is focusing on liquidity transactions to repay debt maturities and has launched a capital allocation strategy to enhance long-term value creation.
Net income of $0.19 and Normalized Funds from Operations (NFFO) of $0.38 for the 2023 third quarter on a per diluted share basis.
Collected cash rent payments in each of September and October from Prospect.
Commenced in July rent collections at a newly developed post-acute facility operated by Ernest in South Carolina at a total cost of approximately $22 million.
Agreed in principle to sell seven facilities back to a tenant comprising approximately 1% of MPT’s total assets in the first half of 2024.
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 narrowing its 2023 calendar estimate of per share net income to $0.36 to $0.38 and is also narrowing its estimate of per share NFFO to $1.56 to $1.58.
Revenue & Expenses
Visualization of income flow from segment revenue to net income