MEDICAL PROPERTIES TRUST, INC. (NYSE:MPW) Files An 8-K Results of Operations and Financial Condition
Item2.02. Results of Operations and Financial Condition.
On May4, 2017, Medical Properties Trust, Inc. issued a press
release announcing its financial results for the quarter ended
March31, 2017. A copy of the press release is attached as
Exhibit99.1 to this Current Report on Form 8-K and is
incorporated herein by reference. The information in this Current
Report on Form 8-K, including the information set forth in
Exhibit99.1 and Exhibit 99.2 attached hereto, shall not be deemed
filed for purposes of Section18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liability of that
section or Sections11 and 12(a)(2) of the Securities Act of 1933,
as amended. In addition, this information shall not be deemed
incorporated by reference in any filing of Medical Properties
Trust, Inc. with the Securities and Exchange Commission, except
as expressly set forth by specific reference in any such filing.
The Company disclosed three non-GAAP financial measures in the
attached press release for the quarter ended March31, 2017: Funds
from operations, Normalized funds from operations and Adjusted
funds from operations. The most directly comparable GAAP
financial measure to each of these non-GAAP financial measures is
net income, which was $68.0 million, or $0.21 per diluted share
for the quarter ended March31, 2017 compared to $57.9 million, or
$0.24 per diluted share for the quarter ended March31, 2016. In
the attached press release, the Company disclosed Funds from
operations of $88.5 million for the quarter ended March31, 2017,
and Normalized funds from operations of $105.9 million for the
quarter ended March31, 2017. Adjusted funds from operations were
disclosed in the press release as $93.0 million for the quarter
ended March31, 2017.
A reconciliation of the non-GAAP financial measures to net income
as well as a statement disclosing the reasons why the Companys
management believes that presentation of these non-GAAP financial
measures provides useful information to investors regarding the
Companys financial condition and results of operations are
included in Exhibits 99.1 and 99.2.
Item9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit Number |
Description |
|
| 99.1 |
Press release dated May4, 2017 reporting financial results for the quarter ended March31, 2017 |
|
| 99.2 |
Medical Properties Trust, Inc. 1st Quarter 2017 Supplemental Information |
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About MEDICAL PROPERTIES TRUST, INC. (NYSE:MPW)
Medical Properties Trust, Inc. is a self-advised real estate investment trust (REIT) focused on investing in and owning net-leased healthcare facilities. It conducts all of its business through MPT Operating Partnership, L.P. It acquires and develops healthcare facilities and leases the facilities to healthcare operating companies under long-term net leases. It also makes mortgage loans to healthcare operators collateralized by their real estate assets. The Company’s portfolio consists of 202 properties, which includes 179 facilities that the Company owns and 14 properties controlled in the form of mortgage loans. The properties are leased/mortgaged to 29 tenants located in 28 states, and Germany, United Kingdom, Italy, and Spain. Of the total portfolio, 9 facilities are under development. Its facilities consist of 64 general acute care hospitals, 69 inpatient rehabilitation hospitals, 23 long-term acute care hospitals, 43 free standing emergency rooms, and 3 medical office buildings. MEDICAL PROPERTIES TRUST, INC. (NYSE:MPW) Recent Trading Information
MEDICAL PROPERTIES TRUST, INC. (NYSE:MPW) closed its last trading session down -0.27 at 12.43 with 6,314,954 shares trading hands.