Medical Properties Trust (MPW) reported Q2 FFO of $139.4mn, exceeding expectations, but had a net loss of $320.6mn due to real estate gains and impairments.
Medical Properties Trust (MPW) reported a mixed Q2 earnings, with funds from operations (FFO) of $139.4mn, or 23 cents per share, exceeding analyst expectations. However, the company recorded a net loss of $320.6mn, or 54 cents per share, driven by $400mn in real estate gains and $700mn in impairments and adjustments. Despite the negative net income, MPW has successfully exceeded its initial $2bn target for additional liquidity in 2024, raising $2.5bn through transactions and repaying all debt scheduled to mature in 2024. The company aims to focus on accelerating debt paydown and ensuring sufficient liquidity for expected maturities in 2025 and beyond.
August 08, 2024
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