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MPT Reports Third Quarter Results

  • Medical Properties Trust, Inc. reported net income of $0.34 per share & NFFO of $0.11 per share for the third quarter ended September 30, 2026.
  • The company completed a private offering of approximately $2.4 billion in secured notes to repay existing debt, including 2026 notes & about 50% of 2027 notes, generating a $70 million gain.
  • Asset sales resulted in approximately $680 million in cash proceeds & an aggregate $158 million gain, including the sale of five Utah hospitals for $174 million & two Idaho hospital real estate interests for $371 million.
  • Total portfolio assets stood at approximately $14.4 billion, consisting of 365 properties & about 37,000 licensed beds across nine countries.
  • Operations at HSA faced revenue cycle challenges that precluded September rent payments, reducing NFFO by two cents per share; Ovation Healthcare was engaged to manage operations.
  • The company paid a regular quarterly dividend of $0.09 per share in October 2026.
  • The company expects portfolio cash rents to exceed $1.0 billion in 2027, despite reduced rental income from sold assets & conservative assumptions regarding HSA.
  • A conference call & webcast to discuss results is scheduled for October 29, 2026, at 11:00 a.m. Eastern Time.