Medical Properties Trust, Inc. Reports Third Quarter Results
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Medical Properties Trust (MPW) Misses Q3 EPS by 1c, Revenues Miss
October 31, 2019 8:32 AM EDTMedical Properties Trust (NYSE: MPW) reported Q3 EPS of $0.20, $0.01 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $224.76 million versus the consensus estimate of $220.41 million.
THIRD QUARTER AND RECENT HIGHLIGHTS
Net income of $0.20 and Normalized Funds from Operations (NFFO) of $0.33 in the third quarter, both on a per diluted share basis;Acquired three inpatient rehabilitation facilities for $196 million and seven long-term acute care facilities for $58 million, with lease coverages of approximately two times and five times, respectively;Commenced development of a $28 million, 92-bed... More