- Medical Properties Trust (NYSE:MPW) expects 2021 annual normalized FFO per share run-rate of $1.72-$1.76; compares with consensus estimate of $1.71.
- During Q4, the REIT closed on one inpatient rehabilitation development agreement and six general acute and IRF acquisitions in the U.S., the U.K., Switzerland, and Colombia totaling nearly $670M.
- In mid-January, it closed on an £800M real estate investment in behavioral health properties in the U.K. operated by Priory Group. During Q1 2021, it closed on the sale of Olympia Medical Center for $51M.
- "2021 is obviously off to a strong start on the investment front, and growth-related conversations with our operators are picking up as they emerge from 2020 with strong operations and significant liquidity," said Edward K. Aldag, Jr., MPT chairman, president and CEO.
- Q4 normalized FFO per share of 41 cents matches average analyst estimate of 41 cents and up from 35 cents in the year-ago quarter.
- Q4 total revenue of $333.8M vs. consensus estimate of $332.4M and increased from $256.4M a year ago.
- Q4 total expenses increased to $197.6M from $150.6M a year ago.
- Conference call at 11:00 AM ET.
- Previously (Feb. 4): Medical Properties FFO in-line, beats on revenue
Medical Properties Trust issues slightly better-than-expected 2021 outlook
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Symbol | Last Price | % Chg |
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MPW | - | - |
Medical Properties Trust, Inc. |