Quarterly ResultApr 30, 2026, 08:33 AM
MPT Q1 Net Income $0.05/share; NFFO $0.14/share; Rent Ramps Up
AI Summary
Medical Properties Trust, Inc. reported a net income of $0.05 per share for Q1 2026, a significant improvement from a net loss of $0.20 per share in the prior year. Normalized Funds from Operations (NFFO) remained flat at $0.14 per share. The company sold two facilities for $31 million and acquired one European post-acute facility for €23 million. MPT expects to begin collecting cash rent from NOR in Q2 2026 and is confident in achieving annualized cash rent of at least $1 billion by year-end.
Key Highlights
- Net income was $0.05 per share for Q1 2026, up from a net loss of $0.20 per share in Q1 2025.
- Normalized Funds from Operations (NFFO) was $0.14 per share, flat compared to Q1 2025.
- Sold two facilities for approximately $31 million in aggregate proceeds during the quarter.
- Acquired one post-acute facility in Europe for €23 million, as previously disclosed.
- HSA is fully current on all contractual rent, with monthly rent increasing to 75% of fully stabilized rent in March 2026.
- Expects to begin collecting cash rent from NOR in California in the 2026 second quarter.
- Confident in collecting annualized cash rent of at least $1 billion by the end of 2026.
- Paid a regular quarterly dividend of $0.09 per share in April 2026, up from $0.08 in Q1 2025.