NYSE$MPT

Medical Properties Trust Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Medical Properties Trust reported Q4 2019 earnings with significant growth and strategic acquisitions.

Medical Properties Trust announced strong Q4 2019 results, marked by $861 million in hospital acquisitions and normalized FFO of $0.35 per share. The company completed $4.5 billion in acquisitions for the year, resulting in a 64% growth in assets. MPT also anticipates continued growth, starting 2020 with $1.9 billion in acquisitions.

  • Completed $861 million in hospital acquisitions during the fourth quarter, expanding geographic footprint in the United States, Spain, and Portugal.
  • Reported per share net income of $0.26 and Normalized Funds from Operations (NFFO) of $0.35 for the fourth quarter.
  • Acquired 10 acute care hospitals from LifePoint Health, Inc. for approximately $700 million.
  • Made a $130 million equity investment in the real estate of two hospitals in Madrid operated by HM Hospitales.

Headline financials

Total Revenue

$256M

Previous: $181M+42.0%
EPS (adj)

$0.35

Previous: $0.31+12.9%
Net Income

$130M

Previous: $78.5M+65.5%
Gross Profit

$248M

Previous: $178M+39.1%
Cash & Equivalents

$1.46B

Previous: $821M+78.1%
Total Assets

$14.5B

Previous: $8.84B+63.6%
Stock-Based Comp

$10.1M

Previous: $4.81M+109.3%

Revenue & EPS history

Medical Properties Trust · Revenue · Quarterly

$256M

Q4 2019+42%vs Q4 2018
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Medical Properties Trust · $256M total across 4 segments · Q4 2019

  • Rent Billed
    $130M
  • Income from Financing Leases
    $52.4M
  • Interest and Other Income
    $40.1M
  • Straight-line Rent
    $33.6M

Forward guidance

Medical Properties Trust reaffirms its annual NFFO run rate guidance of $1.65 to $1.68 per diluted share and net income of $1.24 to $1.27 per diluted share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+1.3%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+0.7%

Avg return

30 days after

65%

42 / 65 earnings

Positive

+17.0%

Q4 2024

Best reaction

-15.8%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%-4.1%-6.0%
Q4 2025+12.1%+6.1%-15.1%
Q3 2025+6.6%+1.4%+18.5%
Q1 2025-6.9%-8.0%-17.2%
Q4 2024+17.0%+18.2%+26.6%
Q3 2024+7.0%-5.2%-9.8%
Q2 2024+1.5%+2.4%+7.4%
Q1 2024+7.2%+31.2%+20.4%
Q4 2023+2.5%+6.7%+13.9%
Q3 2023+9.9%+7.2%+4.7%
Q2 2023-15.8%-20.0%-33.4%
Q1 2023+10.6%+4.9%-0.1%
Q4 2022-13.5%-15.6%-38.3%
Q3 2022+6.8%+6.5%+20.6%
Q2 2022-5.3%-4.3%-15.3%
Q1 2022+4.1%+6.3%+5.2%
Q4 2021-4.0%-5.2%-10.2%
Q3 2021+0.1%-1.2%+1.5%
Q2 2021+1.3%-1.5%-3.3%
Q1 2021-2.0%-4.1%-5.9%
Q4 2020+0.0%+1.6%-2.9%
Q3 2020+3.7%+10.9%+13.8%
Q2 2020-0.8%-1.6%-8.5%
Q1 2020+4.1%+0.5%+9.8%
Q4 2019+2.3%+3.6%+1.1%
Q3 2019+1.2%-6.8%+0.9%
Q2 2019+2.1%-0.1%+6.2%
Q1 2019+3.8%+1.2%+2.0%
Q4 2018+3.4%+1.7%+1.1%
Q3 2018+3.2%+9.9%+16.2%
Q2 2018+1.0%+3.0%+4.2%
Q1 2018+1.8%+2.0%+5.6%
Q4 2017+1.6%+1.5%+6.6%
Q3 2017+3.2%+3.9%+4.8%
Q2 2017-1.7%+0.1%+5.2%
Q1 2017+2.1%+2.5%+4.3%
Q4 2016+1.8%+1.8%-6.3%
Q3 2016-0.8%+1.3%-2.7%
Q2 2016+1.1%+2.0%-0.5%
Q1 2016+3.8%
Q4 2015-2.5%
Q3 2015-3.4%
Q2 2015-3.8%
Q1 2015+2.9%
Q4 2014+0.4%
Q3 2014+2.7%
Q2 2014-0.3%
Q1 2014-0.9%
Q4 2013-0.4%
Q3 2013-0.7%
Q2 2013-2.8%
Q1 2013-1.0%
Q4 2012+1.1%
Q3 2012+3.1%
Q2 2012+0.7%
Q1 2012-0.1%
Q4 2011-0.6%
Q4 2009-0.6%
Q3 2011-4.4%
Q2 2011+4.5%
Q1 2011+2.8%
Q4 2010+2.8%
Q3 2010+0.5%
Q2 2010+1.0%
Q1 2010+7.9%

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