Medical Properties Trust (MPW) Reports Q3 Revenues Beat; Offers FY18 EPS Outlook

Medical Properties Trust (NYSE: MPW) reported Q3 EPS of $2.00, versus $0.25 reported last year. Revenue for the quarter came in at $197 million versus the consensus estimate of $191.1 million.

“MPT successfully completed its planned capital recycling strategy during the third quarter and we have positioned ourselves uniquely among healthcare REITs for immediate and accretive growth. We have an outstanding balance sheet with sector-leading low leverage and approximately $2.0 billion in available liquidity at the same time our pipeline is the largest and best it has ever been,” said Edward K. Aldag, Jr., MPT’s Chairman, President and Chief Executive Officer. “We think 2019 has the potential to be a monumental year for the Company with opportunity to deliver market-leading FFO and dividend growth from the very large, diverse and actionable acquisition pipeline that we have assembled.”

GUIDANCE:

Medical Properties Trust sees FY2018 EPS of $1.01-$1.05, versus the consensus of $1.04.

For earnings history and earnings-related data on Medical Properties Trust (MPW) click here.

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