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Dec 31, 2021
Medical Properties Trust Q4 2021 Earnings Report
Medical Properties Trust reported strong Q4 2021 results, marked by growth in net income and strategic investments.
Key Takeaways
Medical Properties Trust announced its Q4 and full-year results, with a net income of $0.34 per share and normalized FFO of $0.47 for the quarter. The company completed $3.9 billion in investments in 2021 and is optimistic about its diversified portfolio and future opportunities in 2022.
Net income was $0.34 per diluted share for Q4 2021.
Normalized Funds from Operations (NFFO) reached $0.47 per diluted share in Q4 2021.
MPT invested €46 million to acquire its partner’s interest in IMED Valencia.
Construction commenced on a replacement hospital for Steward’s Wadley Medical Center in Texarkana, TX, with MPT’s total investment anticipated to be $169 million.
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 $1.16 to $1.20 per diluted share for net income and $1.81 to $1.85 per diluted share for NFFO.
Positive Outlook
- Impact of CPI-based rent escalators.
- Timing adjustments related to investment and capital markets transactions closed during and/or subsequent to the quarter.
- Impact of MPT’s binding agreement to execute the partnership with MIP V.
- Aggregate future earnings contribution from hospitals under development.
- Various expansion projects where rent has not yet commenced.
Challenges Ahead
- Unexpected real estate operating costs
- Changes in accounting pronouncements
- Litigation costs
- Debt refinancing costs
- Acquisition costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income