- Medical Properties Trust (NYSE:MPW) Q3 normalized FFO per share of 33 cents exceeds consensus estimate of 32 cents and down from 35 cents in the year-ago quarter.
- Affirms year annual run-rate for normalized FFO per share of $1.56-$1.58.
- YTD, Medical Properties has acquired and leased ~$3.7B of hospital real estate, representing asset growth of 40%; the acquired facilities, which are 100% leased, generate an average GAAP rate of ~8.0% resulting in immediately accretive results to normalized FFO, the company said.
- "We continue to actively pursue transactions totaling as much as $5B, some of which may close during the next few quarters," said Chairman, President, and CEO Edward K. Aldag, Jr.
- Conference call at 11:00 AM ET.
- Previously: Medical Properties FFO beats by $0.01, beats on revenue (Oct. 31)
Medical Properties Trust has up to $5B in acquisition pipeline
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Symbol | Last Price | % Chg |
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MPW | - | - |
Medical Properties Trust, Inc. |