Real estate investment trust Medical Properties Trust, Inc, (MPW) Friday reported an increase in first-quarter normalized funds from operations, or FFO, but below analysts' expectations. The company's net income and revenues for the period registered a growth compared to last year.
For the three month period, the company reported normalized FFO of $34.8 million or $0.25 per share, compared with $22.5 million or $0.18 per share during corresponding quarter last year. On average, ten analysts polled by Thomson Reuters expected $0.26 per share for the quarter. Analysts' estimates typically exclude one-time items.
The company recorded net income of $26.2 million or $0.18 per share, compared with $10.6 million or $0.08 per share for the same quarter last year.
The firm generated revenues of $58.4 million, a 42 percent increase from $41.3 million reported last year. The Street expected the company to record revenues of $59.4 million for the quarter.
The Company expects to realize a gain on sale of property of approximately $2.1 million in the second quarter of 2013. The Company continues to believe that acquisition volume and timing, along with current capital market conditions, will generate Normalized FFO per share of $1.10. Analyst expect the company to report $1.10 per share for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.