Medical Properties Trust Slips To Loss In Q4

(RTTNews) - Medical Properties Trust, Inc. (MPW) reported Thursday a fourth-quarter net loss attributable to stockholders of $140.47 million or $0.24 per share from $206.54 million or $0.34 per share prior-year quarter.

Normalized funds from operations or NFFO were $258.12 million or $0.43 per share, compared to $278.61 million or $0.47 per share in the year-ago quarter. Adjusted funds from operations were $0.34 per share, compared to $0.36 per share last year.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter decreased to $380.49 million from $409.33 million in the same quarter last year. Analysts expected revenue of $372.99 million for the quarter.

Looking ahead to fiscal 2023, Medical Properties Trust now projects net income in a range of $0.83 to $0.98 per share and NFFO in a range of $1.50 to $1.65 per share. The Street is looking for earnings of $1.25 per share for the year.

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