Medical Properties Trust Q1 Normalized FFO Rises - Quick Facts

(RTTNews) - Medical Properties Trust (MPW) said first-quarter net income attributable to common stockholders declined to $7.24 million from $26.16 million in the previous year. Earnings per share fell to $0.04 from $0.18.

The company reported normalized Funds from Operations FFO per share of $0.26, up 4 percent from $0.25 per share reported in the first quarter of 2013. Adjusted funds from operations was $0.25, compared to $0.24 last year.

On average, 11 analysts polled by Thomson Reuters expected earnings of $0.26 per share. Analysts' estimates typically exclude special items.

Total revenues increased 27 percent to $73.1 million from $57.6 million for the first quarter of 2013. Analysts expected revenues of $73.45 million.

Looking ahead, the annual run rate for normalized FFO per share is expected to range from $1.10 to $1.14.

Wall Street looks for annual earnings of $1.11 per share.