Medical Properties Trust's stock plummeted 5.07% during intraday trading on Thursday, following the release of the company's first-quarter financial results.
The healthcare real estate investment trust reported normalized funds from operations (FFO) of $0.14 per diluted share for the first quarter, which missed the analyst consensus estimate of $0.15 by 6.67%. The FFO figure was unchanged from the same period a year earlier.
While the company reported quarterly revenue of $252.065 million that beat analyst expectations of $244.555 million by 3.07% and represented a 12.63% year-over-year increase, investors focused on the earnings miss, leading to the significant sell-off during the trading session.
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