Medical Properties Trust Q1 adjusted earnings Beat Estimates

(RTTNews) - Medical Properties Trust (MPW) reported a profit for its first quarter that increased from the same period last year.

The company's bottom line came in at $90.60 million, or $0.25 per share. This compares with $67.97 million, or $0.21 per share, in last year's first quarter.

Excluding items, Medical Properties Trust reported adjusted earnings of $111.74 million or $0.31 per share for the period.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 31.1% to $205.05 million from $156.40 million last year.

Medical Properties Trust earnings at a glance:

-Earnings (Q1): $111.74 Mln. vs. $93.03 Mln. last year. -EPS (Q1): $0.31 vs. $0.29 last year. -Analysts Estimate: $0.27 -Revenue (Q1): $205.05 Mln vs. $156.40 Mln last year.