BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (MPW) (the “Company” or “MPT”) (NYSE: MPW) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock to be paid on April 12, 2018, to stockholders of record on March 15, 2018.
“Today’s declaration marks the fourth consecutive year of a cash dividend increase,” said Edward K. Aldag, Jr., MPT’s Chairman, President and Chief Executive Officer. “This action reflects our confidence in MPT’s robust investment pipeline, even considering temporary dilution from possible joint venture arrangements that we have previously described,” said Aldag.
Annual Meeting of Stockholders
Medical Properties Trust also announced that its annual meeting of stockholders will be at the City Club in Birmingham, Alabama at 10:30 Central Time on May 24, 2018. Stockholders of record as of March 20, 2018, will be invited to attend.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT’s financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. Facilities include acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and other medical and surgical facilities. For more information, please visit the Company’s website at www.medicalpropertiestrust.com.
The statements in this press release that are forward looking are based on current expectations and actual results or future events may differ materially. Words such as “expects,” “believes,” “anticipates,” “intends,” “will,” “should” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results of the Company or future events to differ materially from those expressed in or underlying such forward-looking statements, including without limitation: the consummation of possible joint venture arrangements, if any; potential sales; the amount of acquisitions of healthcare real estate, if any; the payment of future dividends, if any; national and international economic, business, real estate and other market conditions; the competitive environment in which the Company operates; the execution of the Company’s business plan; financing risks; the Company’s ability to maintain its status as a REIT for income tax purposes; acquisition and development risks; potential environmental and other liabilities; and other factors affecting the real estate industry generally or healthcare real estate in particular. For further discussion of the factors that could affect outcomes, please refer to the “Risk factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and as updated by the Company’s subsequently filed Quarterly Reports on Form 10-Q and other SEC filings. Except as otherwise required by the federal securities laws, the Company undertakes no obligation to update the information in this press release.
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Medical Properties Trust, Inc.
Tim Berryman, 205-969-3755
Director – Investor Relations
Source: Medical Properties Trust, Inc.Copyright Business Wire 2018