Entering text into the input field will update the search result below

Medical Properties Trust, Inc. (MPW) CEO Edward K. Aldag, Jr. on Q4 2018 Results - Earnings Call Transcript

Feb. 07, 2019 4:51 PM ETMedical Properties Trust, Inc. (MPW)4 Comments
SA Transcripts profile picture
SA Transcripts

Medical Properties Trust, Inc. (NYSE:MPW) Q4 2018 Earnings Conference Call February 7, 2019 11:00 AM ET

Company Participants

Charles Lambert - Treasurer & MD

Edward K. Aldag, Jr. - Chairman, President & Chief Executive Officer

Steven Hamner - Executive Vice President & Chief Financial Officer

Conference Call Participants

Jordan Sadler - KeyBanc Capital Markets

Drew Babin - Robert W. Baird

Michael Lewis - SunTrust

Shivani Sood - Deutsche Bank

Tao Qiu - Stifel

Tayo Okusanya - Jefferies

Karin Ford - MUFG Securities

Todd Stender - Wells Fargo

Jason Idoine - RBC Capital Markets

Michael Mueller - JPMorgan


Good day, ladies and gentlemen, and welcome to the Q4 2018 Medical Properties Trust Earnings Call. At this time, all participants are in a listen-only mode. Later, we’ll conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this call is being recorded.

I would now like to introduce your host for today's conference, Charles Lambert. Sir, you may begin.

Charles Lambert

Thank you. Good morning, everyone. Welcome to the Medical Properties Trust conference call to discuss our fourth quarter and year-end 2018 financial results.

With me today are Edward K. Aldag, Jr., Chairman, President and Chief Executive Officer of the company; and Steven Hamner, Executive Vice President and Chief Financial Officer.

Our press release was distributed this morning and furnished on Form 8-K with the Securities and Exchange Commission. If you did not receive a copy, it is available on our website at www.medicalpropertiestrust.com in the Investor Relations section. Additionally, we're hosting a live webcast of today's call, which you can access in that same section.

During the course of this call, we will make projections and certain other statements that may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act

Recommended For You

Comments (4)

Grazi57 profile picture
It’s my best performing REIT. The tailwinds are very strong considering the fact of the boomer population is getting to full retirement and the fact that even if the market drops - people will still need hospitals.

I’m all in...
jara-mill profile picture
Their 1yr yield on cost is 7.94%, 3yr is 9.22%, and 5yr is 7.69%
Their 4yr average yield is 7.34%
Their 1yr dividend Growth Rate is 4.17, 3yr is 4.36%, 5yr is 4.31%, 10yr is 0.20%

Seems pretty consistently growing at small increments.
Jaramill, Ed Aldag is a highly respected leader in this field and has shown himself to be a savvy operator. So far he's proved pretty nimble and MPW has had a great run in the past year. I got in at $13.50 so am very happy obviously, and view MPW at $18.37 as not a low share entry price as a result. Others on SA cover MPW and might have a better sense whether it's fairly valued or a better entry might come down the line. MPW now pays 5.6%, not bad for a pretty safe REIT, but I am not sure what its average or median yield has been and that would be good to checkout. My yield on cost is 7.3%. Also check its history of raising divvies on SA.

Having read up on the Healthscope Hospitals in Australian press, they are facing reimbursement issues as here in the U.S. declining census and a money squeeze as they expand their hospitals. I get the sense MPW and Brookfield, which is known to pick up distressed properties, saw a chance to recapitalize Healthscope and line investors pockets with a great cap rate. A win/win if the hospitals do well. A Canadian REIT also picked up nearly a $1B slice of Healthscope.
jara-mill profile picture
Just heard this conference call this morning prior to researching this REIT for potential entry into my HSA or Roth IRA, and after hearing it, I'm definitely leaning in to pull the trigger on getting some shares. Healthcare facilities including, outside of the US (Australia, Germany) is a good thing for diversifying their portfolio of countries. And low entry share price.
To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.