Medical Properties Trust, Inc. is a self-advised real estate investment trust to acquire and develop net-leased hospital facilities.
| Revenue (TTM) | $1.09B |
| Gross Profit (TTM) | $1.04B |
| EBITDA | $941.35M |
| Operating Margin | 56.90% |
| Return on Equity | 5.40% |
| Return on Assets | 2.78% |
| Revenue/Share (TTM) | $1.82 |
| Book Value | $7.74 |
| Price-to-Book | 0.24 |
| Price-to-Sales (TTM) | 0.99 |
| EV/Revenue | 9.57 |
| EV/EBITDA | 7.35 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | -5.40% |
| Shares Outstanding | $597.16M |
| Float | $489.88M |
| % Insiders | 8.79% |
| % Institutions | 61.67% |
Volatility is currently expanding
When a heavily indebted company has to refinance at higher rates, every extra dollar of interest comes out of the same cash pool that funds the dividend. Bondholders have a legal claim on that cash.
Medical Properties Trust NYSE: MPT said it has collected more than $750 million in cash revenue year to date, a pace that annualizes above the company's prior target of at least $1 billion in annualized cash rental revenue by the end of 2026. The healthcare real estate investment trust said it still expects portfolio cash rents to exceed $1 billion in 2027 despite selling nine properties during the year for approximately $600 million in cash proceeds.
Medical Properties Trust remains a 'strong buy' despite a 38.8% decline since August, with shares trading at deep value multiples. Q3 2026 results showed revenue growth but missed analyst expectations, while bottom-line gains were driven by asset sales and debt refinancing. Tenant health and rent coverage ratios have deteriorated, and MPW's net leverage ratio remains elevated versus peers, justifying the market discount.
Medical Properties Trust, Inc. (MPT) Q3 2026 Earnings Call Transcript
Medical Properties (MPT) came out with quarterly funds from operations (FFO) of $0.11 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.13 per share a year ago.
BIRMINGHAM, Ala.--(BUSINESS WIRE)--MPT (the “Company” or “MPT”) (NYSE: MPT) today announced it will host a conference call and webcast on Thursday, October 29, 2026, at 11:00 a.m. Eastern Time to discuss the Company's third quarter 2026 financial results. A press release with the third quarter 2026 financial results will be issued before the market opens on October 29, 2026. The dial-in numbers for the conference call are 833-461-5787 (Toll-Free) and 585-542-9983, and the Meeting ID is 33666140.
Medical Properties Trust stock continued its strong downward trend, reaching its lowest level since February 2024. MPT has slipped by 53% from the year-to-date high, even as the company has made efforts to extend its maturities.
Medical Properties Trust is downgraded to a sell due to persistent tenant issues, high leverage, and unsustainable dividend risk. MPT's recent $2.4B refinancing extends maturities but raises interest costs to 9.25%, squeezing already thin earnings and coverage ratios. A dividend yield of 10.3% appears attractive, but cash-adjusted FFO and asset sales suggest the payout is not well-supported and risk remains elevated.
Medical Properties Trust demonstrates real-world asset value with $680 million in Q3 cash proceeds from hospital and Infracore sales. Recent hospital sales achieved 60–72% gains over original investments, supporting MPT's ability to monetize assets above book value. Proceeds are earmarked for debt reduction, improving leverage and partially offsetting FFO/AFFO headwinds from higher refinancing rates.
Medical Properties Trust stock continued its strong downward this week, reaching its lowest level since January 13 last year. MPT dropped to $3.40, down by over 32% this year and by 83% in the last five years.
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