Medical Properties Trust Inc

Latest Results (06.10.2025):

Medical Properties Trust Inc. reported its financial results for the third quarter of 2024, revealing a net loss of $1.34 per share and a Normalized Funds from Operations (NFFO) of $0.16 per share. The company also provided updates on its portfolio and significant corporate activities during and after the quarter.

Financial Performance

The third quarter net loss of $1.34 per share was primarily driven by approximately $608 million in impairment charges and $131 million in net negative fair value adjustments. Despite these challenges, the company achieved a Normalized Funds from Operations (NFFO) of $0.16 per share.

Corporate Activities

During the quarter, Medical Properties Trust leased two additional former Steward facilities in Arizona, sold 18 freestanding emergency department facilities and one general acute hospital for approximately $246 million, and received a $100 million mortgage repayment related to prior hospital sales. The company also settled a property damage insurance claim and completed several property sales, contributing to a reduction in debt obligations.

Portfolio Updates

As of September 30, 2024, Medical Properties Trust's portfolio comprised 402 properties with approximately 40,000 licensed beds across the United States and Europe. The company emphasized growth in its European general acute portfolio and stability in its behavioral and post-acute segments, highlighting strong performance and increased reimbursements.

Steward Transition

Medical Properties Trust successfully transitioned 17 former Steward hospitals to five new operators following a global settlement. The company provided approximately $90 million in working capital loans to these operators and expects to receive partial cash rental payments starting in the first quarter of 2025, reinforcing the stability of its diversified portfolio.

Operating Results

The operating results for the quarter included a net loss of $801 million, offset by $130 million in real estate gains from asset sales. The company also reported a significant reduction in its investment value due to current market conditions, alongside accelerated non-cash amortization related to lease intangibles.