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Medical Properties Trust Inc. Message Board

  • vonmax2 vonmax2 Feb 6, 2014 8:39 AM Flag


    Medical Properties Trust 4Q EPS 11c MPW 02/06 06-Feb-14 08:35:00

    Medical Properties Trust, Inc. (MPW:$12.75,00$-0.22,00-1.70%) Reports Outstanding 2013 Results
    Expanded Total Assets by 33% in 2013 Reflecting $700 Million in Acquisitions
    On Track for Sustained Growth in 2014 BIRMINGHAM, Ala.

    --(BUSINESS WIRE)--February 06, 2014--
    Medical Properties Trust, Inc. (MPW:$12.75,00$-0.22,00-1.70%) (the "Company" and "MPT") today announced financial and operating results for the quarter and year ended December 31, 2013. The results of 2013 continued the extraordinary improvements made during 2012 in investment growth, revenue and operating results and per share funds from operations. Highlights of these improvements include:

    Sentiment: Strong Buy

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    • -- Normalized Funds from Operations ("FFO") per diluted share grew to $0.96,
      up 7% year-over-year in 2013 and 35% since 2011;

      -- Earned $243 million in 2013 revenues, up 22% year-over-year in 2013 and
      79% since 2011;

      -- Completed acquisitions totaling approximately $700 million in 2013, and
      expanded gross asset base by 33% year-over-year and approximately 80%
      since 2011;

      -- Achieved fourth quarter normalized FFO per diluted share of $0.26, before
      certain items; resulting in reported $0.24 per share;

      -- Completed the EUR184 million acquisition of 11 German facilities in a
      sale / leaseback transaction valued at approximately $250 million
      (including transfer taxes of $12 million) to further expand geographic
      diversity of asset portfolio;

      -- Completed a EUR200 million euro-denominated (approximately $275 million)
      long-term fixed rate debt transaction at an annual coupon of 5.75%;

      -- During fourth quarter, completed $45 million aggregate investments in two
      acute care hospitals with two operators, and commenced development of 10
      (five in 2014) additional free-standing emergency facilities;

      -- Sold an inpatient rehabilitation facility to a third party real estate
      owner -- facilitated by the operator -- for $14 million, which resulted
      in a 280 basis point cap rate compression and an unlevered internal rate
      of return of 14.1%;

      -- Increased the annualized cash dividend by 5% to $0.21 per share with the
      fourth quarter dividend payment.

      Included in the financial tables accompanying this press release is information about the Company's assets and liabilities, net income and reconciliations of net income to FFO and AFFO, all on a comparable basis to 2012 periods.
      "This has been another great year for MPT as we built upon our track record for driving growth and building shareholder value," said Edward K. Aldag, Jr., Chairman, President and CEO of Medical Prope

      Sentiment: Strong Buy

15.01-0.10(-0.66%)10:08 AMEDT