Medical Properties Trust Q3 Results Top Estimates; Boosts Outlook - Quick Facts

(RTTNews) - Medical Properties Trust, Inc. (MPW) reported Thursday that third-quarter net income attributable to stockholders increased to $171.14 million or $0.29 per share from $131.11 million or $0.25 per share in the prior-year quarter.

Normalized funds from operations or NFFO were $262.84 million or $0.44 per share, compared to $220.67 million or $0.41 per share in the year-ago quarter. Adjusted funds from operations were $0.34 per share, compared to $0.31 per share last year.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter increased to $390.78 million from $329.46 million in the same quarter last year. Analysts expected revenue of $387.24 million for the quarter.

Looking ahead, Medical Properties Trust now projects an annual run-rate of $1.16 to $1.20 per share for net income and $1.81 to $1.85 per share for NFFO.

Previously, the company expected annual run-rate of $1.14 to $1.18 per share for net income and $1.72 to $1.76 per share for NFFO.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More