Medical Properties Trust, Inc. - MPW STOCK NEWS

Medical Properties Trust (MPW) announced plans to offer senior notes through its operating partnership and subsidiary. The proceeds aim to redeem existing senior unsecured notes due 2022 and support general corporate needs, including debt repayment, working capital, and potential acquisitions. Major financial institutions, including Barclays and Goldman Sachs, will manage the offering under an effective shelf registration with the SEC. MPW operates as a prominent real estate investment trust specializing in hospital facilities, boasting around 440 properties globally.

Medical Properties Trust (NYSE: MPW) has signed a new master lease agreement with HCA Healthcare (NYSE: HCA), leasing most of its Utah hospitals after HCA's acquisition of five facilities from Steward Health Care System. The $1.2 billion purchase places HCA among MPW's top-five tenants, representing about 5.0% of MPW's gross assets. The new 15-year lease includes five extension options and annual rent increases tied to CPI. The deal, expected to close in H1 2022, reinforces MPW's investment strategy and tenant relationships, having generated over $300 million in rent since 2017.

Medical Properties Trust (MPT) announced a partnership with Macquarie Infrastructure Partners V to sell a 50% stake in eight Massachusetts hospitals for approximately $1.78 billion, generating expected cash proceeds of $1.3 billion. This transaction aims to strengthen MPT's balance sheet by repaying debt and funding $950 million in behavioral health investments. MPT anticipates a net debt-to-EBITDA ratio of 6.2x and an annual run-rate of $1.16 to $1.20 per diluted share for net income post-transaction. The partnership reflects MPT's investment strategy and diversification efforts.

Medical Properties Trust, Inc. (MPW) declared a quarterly cash dividend of $0.28 per share to be paid on October 14, 2021. Stockholders of record by September 16, 2021 will be eligible for this payment. MPT has grown significantly since its establishment in 2003, currently owning 446 hospital facilities with approximately 47,000 licensed beds across nine countries. The company's financing model facilitates hospital acquisitions and enhances operational investments.

Medical Properties Trust (MPW) reported a net income of $115 million ($0.19 per diluted share) for Q2 2021, with Normalized Funds from Operations (NFFO) at $251 million ($0.43 per diluted share), showing growth year-over-year. Significant transactions included a £800 million sale-leaseback of 35 facilities in the UK and a $215 million acquisition of four hospitals in Los Angeles. The company anticipates an annual run-rate of net income between $1.14 to $1.18 per share and NFFO of $1.72 to $1.76 per share, positioning itself well with strong financial performance and ongoing acquisitions.

Medical Properties Trust (NYSE: MPW) will host a conference call on July 29, 2021, at 11:00 a.m. ET to discuss its second quarter 2021 financial results. A press release detailing these results will be released before the market opens on the same day. Investors can access the call via telephone or through a live webcast available on the company’s website. A replay will also be accessible post-call until August 12, 2021, via specified dial-in numbers.

Medical Properties Trust (NYSE: MPW) announced its agreement to acquire five acute care hospitals from Tenet Healthcare for approximately $900 million. The deal is expected to enhance the company’s portfolio with facilities in growing demographics, particularly in Miami-Dade and Southern Broward. The lease will extend to 2041 under a master agreement with Steward Health Care System. MPT plans to finance the acquisition through available cash and capital recycling transactions valued over $1 billion, aiming for immediate per-share net income improvement and ongoing profitability.

Medical Properties Trust (NYSE: MPW) announced agreements to acquire 18 inpatient behavioral health facilities and an interest in Springstone, LLC for $950 million. This acquisition targets a growing market for behavioral health services in the U.S. The deal is expected to yield over 9.0% GAAP return with a 1.75x lease coverage ratio. Funding is planned through cash and credit arrangements. The transaction aims to close in the second half of 2021, subject to regulatory approvals. MPT anticipates this investment will provide immediate financial benefits and enhance its competitive position.