Medical Properties Trust stock drops after Q1 earnings fall short of consensus

seekingalpha05-09

Medical Properties Trust (NYSE:MPW) stock sank 8.7% in Thursday premarket trading after the hospital landlord, also called MPT, posted weaker-than-expected Q1 earnings and revenue. Earlier this week, ...

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Earlier this week, ...</p>\n\n<a href=\"https://seekingalpha.com/news/4103628-medical-properties-trust-stock-drops-after-q1-earnings-fall-short-of-consensus\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Medical Properties Trust stock drops after Q1 earnings fall short of consensus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMedical Properties Trust stock drops after Q1 earnings fall short of consensus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-09 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4103628-medical-properties-trust-stock-drops-after-q1-earnings-fall-short-of-consensus><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Medical Properties Trust (NYSE:MPW) stock sank 8.7% in Thursday premarket trading after the hospital landlord, also called MPT, posted weaker-than-expected Q1 earnings and revenue. Earlier this week, ...</p>\n\n<a href=\"https://seekingalpha.com/news/4103628-medical-properties-trust-stock-drops-after-q1-earnings-fall-short-of-consensus\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MPW","symbol_name":"Medical Properties Trust","start_time":0,"source_url":"https://seekingalpha.com/news/4103628-medical-properties-trust-stock-drops-after-q1-earnings-fall-short-of-consensus","article_id":"2434094981","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1364380706/image_1364380706.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434094981","pubTimestamp":1715257257,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Medical Properties Trust (NYSE:MPW) stock sank 8.7% in Thursday premarket trading after the hospital landlord, also called MPT, posted weaker-than-expected Q1 earnings and revenue. Earlier this week, ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MPW":"Medical Properties Trust"},"translate_title":"Q1盈利达不到共识后，医疗财产信托公司股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MPW":1},"content_text":"Medical Properties Trust (NYSE:MPW) stock sank 8.7% in Thursday premarket trading after the hospital landlord, also called MPT, posted weaker-than-expected Q1 earnings and revenue. Earlier this week, its largest tenant, Steward Health Care System, filed for Chapter 11 bankruptcy. Q1 normalized FFO per share of $0.24, trailing the $0.25 consensus, fell from $0.36 in Q4 2023 and $0.37 in Q1 2023. The healthcare REIT's net loss of $1.23 per share included $693M, or $1.16 per share, in impairments, primarily non-real estate adjustments related to Steward Health and MPT's international joint venture. Total revenue of $271.3M, lagging the average analyst estimate of $283.7M, increased -$122M in the previous quarter and declined from $350.2M a year ago. Q1 expenses of $222.4M increased from $213.1M in Q4 2023 and declined from $230.3M in Q1 2023. \"We continue to execute a capital allocation strategy that we now expect will exceed our initial target of $2.0B in liquidity transactions in 2024,\" said Chairman, President and CEO Edward K. Aldag, Jr. \"This strategy has repeatedly validated MPT’s approach to underwriting, demonstrated strong market demand for real hospital assets and provided immediate capital to reduce our debt.\" He expects Steward's recent Chapter 11 bankruptcy filing to facilitate an orderly transition to new operators. During the quarter, Steward paid cash rent of $9M as scheduled on the consolidated master lease and cash interest of $2M on various working capital and other loans. The tenant continued to fully pay rent for the unconsolidated Massachusetts portfolio. Subsequent to MPT’s $60M bridge loan extended to Steward in early January, Medical Properties (MPW) and Steward’s asset-backed creditors each funded $75M of additional loans, which were anticipated as Steward proceeded with re-tenanting and business divestiture efforts. As of March 31, 2024, MPT’s portfolio included 436 properties and ~43,000 licensed beds leased to or mortgaged by 53 hospital operating companies across the U.S. as well as in the U.K., Switzerland, Germany, Spain, Finland, Colombia, Italy and Portugal. Conference call at 11:00 AM ET. 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