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Medical Properties (MPW)
NYSE:MPW
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.08Last Year’s EPS
-$1.11Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -16.44%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in re-tenanting properties and achieving strong portfolio performance, particularly internationally. However, the company faced substantial impairments and liquidity challenges with certain tenants, impacting financial results.Company Guidance
During the Q3 2024 earnings call for Medical Properties Trust (MPW), the executives provided guidance on various metrics. They highlighted a strategic re-tenanting initiative involving 17 properties with a lease base of approximately $2.1 billion, expecting to resume cash rents in Q1 2025, reaching a fully stabilized aggregate annualized rent of $160 million by end of 2026. The company projected its total annualized cash rent to exceed $1 billion once these properties are fully operational. Additionally, MPW executed over $2.9 billion in asset sales and transactions year-to-date, aiding in debt reduction. The management also expressed confidence in addressing 2025 debt maturities with current liquidity and potential monetization transactions, while noting a GAAP net loss of $1.34 per share and normalized FFO of $0.16 per share for Q3 2024. The call emphasized MPW's strategy to enhance financial flexibility, with potential further asset sales approximating $400 million in proceeds.Successful Re-Tenanting Strategy
MPT successfully re-tenanted 17 properties previously leased to Steward, with an expected annualized rent of approximately $160 million by the end of 2026.
Strong Portfolio Performance
Positive utilization and revenue trends across the portfolio, with general acute care properties reporting the largest year-over-year revenue increase.
Growth in International Operations
Circle Health in the UK showed consistent growth in private medical insurance and self-pay volumes. Priory's revenue and EBITDA are outperforming the previous year, and Swiss Medical Network reported 10% year-over-year earnings growth.
Debt Reduction and Liquidity Management
Since the beginning of 2023, MPT has repaid $2.2 billion in debt and maintains a cash balance of approximately $275 million, with revolver capacity of about $880 million.
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MPW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MPW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $4.50 | $4.45 | -1.11% |
| Aug 08, 2024 | $4.43 | $4.62 | +4.29% |
| May 09, 2024 | $4.18 | $4.40 | +5.26% |
| Feb 21, 2024 | $3.27 | $3.46 | +5.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Medical Properties (MPW) report earnings?
Medical Properties (MPW) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Medical Properties (MPW) earnings time?
Medical Properties (MPW) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MPW EPS forecast?
MPW EPS forecast for the fiscal quarter 2024 (Q4) is -$0.08.
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