logo
Share SHARE
FONT-SIZE Plus   Neg

Medical Properties Trust Q1 Normalized FFO Increases, But Misses View

Real estate investment trust Medical Properties Trust, Inc, (MPW: Quote) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Deutsche Bank (DB) on Sunday reported an about 50 percent decline in first-quarter profit, despite clocking double-digit revenue growth, as the German lender recorded hefty legal charges over allegations of rate-rigging. Casino operator Wynn Resorts said its shareholders ousted Elaine Wynn from the board, reflecting fears that her presence may lead to disharmony with the management. To commemorate the launch of Hubble telescope twenty-five year ago, NASA unveiled celestial fireworks as official image, marked by brilliant tapestry of young stars flaring to life.
comments powered by Disqus
RELATED NEWS
Trade MPW now with 
Follow RTT