Plus   Neg

Medical Properties Trust Q2 adjusted earnings Beat Estimates

Medical Properties Trust (MPW) reported earnings for its second quarter that advanced from the same period last year.

The company's profit came in at $111.57 million, or $0.30 per share. This compares with $73.42 million, or $0.21 per share, in last year's second quarter.

Excluding items, Medical Properties Trust reported adjusted earnings of $112.91 million or $0.31 per share for the period.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.0% to $201.90 million from $166.81 million last year.

Medical Properties Trust earnings at a glance:

-Earnings (Q2): $112.91 Mln. vs. $98.58 Mln. last year.
-EPS (Q2): $0.31 vs. $0.28 last year.
-Analysts Estimate: $0.27
-Revenue (Q2): $201.90 Mln vs. $166.81 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT