Medical Prop - MPW STOCK NEWS

Medical Properties Trust, Inc. (NYSE: MPW) announced the approval of its master lease by Pipeline Health, allowing Pipeline to exit bankruptcy while maintaining unchanged lease terms for four Los Angeles area hospitals and two medical office buildings. MPT will collect 100% of rent accrued during bankruptcy and defer $5.6 million of 2023 cash rent to 2024 with interest. This arrangement highlights the resilience of hospital real estate, as MPT expects no adverse impact on its long-term cash rent trajectory from Pipeline's financial challenges.

Medical Properties Trust, Inc. (NYSE: MPW) has declared a quarterly cash dividend of $0.29 per share, scheduled for payment on January 12, 2023. Stockholders of record as of December 8, 2022 will be eligible to receive this dividend. MPT, a leading real estate investment trust, specializes in acquiring and developing hospital facilities, boasting over 435 facilities and 44,000 licensed beds across ten countries. The company's financing model supports hospital operators in enhancing their real estate assets for operational improvements.

Medical Properties Trust reported a third-quarter 2022 net income of $222 million ($0.37 per diluted share) and a Normalized Funds from Operations (NFFO) of $272 million ($0.45 per diluted share). The company executed approximately $1.8 billion in capital recycling transactions year-to-date. A regular quarterly dividend of $0.29 per share was declared, representing an 81% payout of adjusted funds from operations. The company anticipates increased cash rent growth of 4-5% in 2023, aligning with hospital industry revenue trends.

Medical Properties Trust, Inc. (NYSE: MPW) will host a conference call on October 27, 2022, at 11:00 a.m. Eastern Time to discuss its third quarter 2022 financial results. A press release with these results will be issued before the market opens on the same day. Interested parties can join the call by dialing 833-630-1956 in the U.S. or 412-317-1837 internationally. The call will also be available via webcast on the company's Investor Relations website.

Medical Properties Trust (MPW) announced a Board-approved stock buyback program for up to $500 million of its common stock to be completed by October 2023. The buyback is intended to be neutral to the company's leverage ratio and will utilize cash on hand along with other financial resources. The company retains discretion over the timing and amount of repurchases, assessing market conditions and potential investments against liquidity considerations. MPW operates one of the largest hospital real estate portfolios globally.

Medical Properties Trust has announced the sale of three hospitals in Connecticut to Prospect Medical Holdings for a total consideration of approximately $457 million. This amount reflects what MPT initially paid for the properties in August 2019. The transaction is backed by timely rent payments of approximately $104 million made by Prospect. Proceeds will be used to reduce debt and explore further investment opportunities, contributing to over $1 billion in liquidity. The deal is expected to close in 2023, pending regulatory approvals.

Medical Properties Trust (NYSE: MPW) announced significant financial developments involving the re-leasing of Watsonville Community Hospital to Pajaro Valley Health Care District and the sale of nine hospitals to Prime Healthcare. These actions are expected to generate approximately $600 million in liquidity to reduce debt and pursue acquisitions. The repayment of over $30 million from the Watsonville transaction and $360 million from the Prime sale reinforce investor confidence in MPT's business model and operational capabilities.

Medical Properties Trust (NYSE: MPW) announced that LifePoint Health will acquire a majority interest in Springstone Health Opco, LLC for an enterprise value of $250 million. MPT expects to be repaid approximately $200 million from a prior investment while retaining a minority equity interest in Springstone. This transaction reflects MPT's strength in underwriting hospital operations and is anticipated to enhance the financial performance of its combined portfolio. The closing of the deal is subject to customary conditions.

Medical Properties Trust (NYSE: MPW) declared a quarterly cash dividend of $0.29 per share, scheduled for payment on October 13, 2022. This dividend will be distributed to stockholders of record by September 15, 2022. The company, established in 2003 and headquartered in Birmingham, Alabama, specializes in acquiring and developing net-leased hospital facilities, boasting a portfolio of 447 facilities with around 46,000 licensed beds across nine countries.