fung_derf
1 semana hace
It has now broken through, good job.
I wasn't criticizing, I said you were too early. NOW you can gloat.
BTW, the earnings projections show very little growth and I know this company has been liquidating its assets to pay the dividend, which btw, keeps getting cut.
You may be right and I may be wrong, but I wouldn't touch this stock again.....
Medical Properties Trust, Inc. Reports Fourth Quarter and Full-Year Results
Business Wire8:00 AM (UTC-05:00) Eastern Time (US & Canada) Feb 27, 2025
Medical Properties Trust, Inc. Reports Fourth Quarter and Full-Year Results
Completed Approximately $5.5 Billion of Asset Monetization Transactions, Including February’s $2.5 Billion Senior Secured Notes Offering That Addresses All Debt Maturities Through 2026
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2024, as well as certain events occurring subsequent to quarter end.
• Net loss of ($0.69) and Normalized Funds from Operations (“NFFO”) of $0.18 for the 2024 fourth quarter and net loss of ($4.02) and NFFO of $0.80 for the full-year 2024, all on a per share basis. Fourth quarter 2024 net loss includes approximately $415 million ($0.69 per share) in impairments and fair market value adjustments related to Prospect Medical Group (“Prospect”) and PHP Holdings (“PHP”);
• Completed a well-oversubscribed private offering of more than $2.5 billion of senior secured notes due in 2032 at a blended coupon rate of 7.885%, the proceeds from which will repay all debt maturities until October 2026 and result in expected combined cash and line of credit availability of $1.4 billion;
• Simultaneous to the senior secured notes offering, the Company amended its line of credit to share collateral with the new senior secured notes and received universal affirmation of the long-standing banking group’s approximate $1.5 billion commitment with a fully extended (at MPT’s option) maturity in June 2027;
• Commenced rent during the fourth quarter on a $50 million building improvement project in Idaho Falls, Idaho;
• Sold two post-acute properties and agreed to sell an additional general acute facility during January for combined proceeds of approximately $45 million; and
• Declared a regular quarterly dividend of $0.08 per share in February.
Edward K. Aldag, Jr., Chairman, President and Chief Executive Officer, said, “We delivered on exactly what we said we would do in 2024 by using proceeds from transactions to accelerate repayment of debt maturities. Our global real estate portfolio remains attractive to sophisticated investors, as evidenced by our recent five-and-a-half times oversubscribed secured notes transaction. We improved the operator diversification of our portfolio and effectively addressed all debt maturities through 2026, positioning MPT to pursue a range of shareholder value initiatives in 2025.”
Included in the financial tables accompanying this press release is information about the Company’s assets and liabilities, operating results, and reconciliations of net (loss) income to NFFO, including per share amounts, all on a basis comparable to 2023 results.
PORTFOLIO UPDATE
Medical Properties Trust has total assets of approximately $14.3 billion, including $8.6 billion of general acute facilities, $2.4 billion of behavioral health facilities and $1.6 billion of post-acute facilities. As of December 31, 2024, MPT’s portfolio included 396 properties and approximately 39,000 licensed beds leased to or mortgaged by 53 hospital operating companies across the United States as well as in the United Kingdom, Switzerland, Germany, Spain, Finland, Colombia, Italy and Portugal.
Hospitals around Europe are benefiting from strong reimbursement trends, growing occupancy, and higher acuity levels. In the United Kingdom, private medical insurance utilization has reached an all-time high – enabling operators such as Circle Health to deliver strong financial performance driven by volume growth as increasingly complex cases are being addressed in the private sector.
In the United States, hospital fundamentals continue to broadly improve across the general acute segment as increasing admissions and growing surgical volumes are driving improved coverage. In the behavioral and post-acute segments, operators are reporting consistent growth in inpatient admissions as well as improvements in contract labor costs.
Following the first full quarter of operations since transitioning 15 hospitals to new operators in September, MPT is encouraged by performance trends being reported across this portfolio as well as by a fifth tenant who leased two additional facilities in November. Across this footprint, our tenants have reported improving volumes, increasing patient satisfaction, and stabilization of staffing and supplies.
In January, Prospect Medical Group commenced an in-court restructuring process under Chapter 11 of the U.S. Bankruptcy Code. In February, MPT entered into a Term Sheet providing for a settlement that will enable Prospect to sell its hospitals and the related real estate with MPT’s cooperation. This settlement is subject to Bankruptcy Court approval.
OPERATING RESULTS
Net loss for the fourth quarter and year ended December 31, 2024 was ($413 million) (($0.69) per share) and ($2.4 billion) (($4.02) per share), respectively, compared to net loss of ($664 million) (($1.11) per share) and net loss of ($556 million) (($0.93) per share) in the year earlier periods. Net loss for the quarter ended December 31, 2024 included, among other non-recurring items, approximately $415 million of impairments and fair market value adjustments related to Prospect and PHP.
NFFO for the fourth quarter and year ended December 31, 2024 was $108 million ($0.18 per share) and $483 million ($0.80 per share), respectively, compared to $218 million ($0.36 per share) and $951 million ($1.59 per share) in the year earlier periods.
fung_derf
3 meses hace
Oh, I'm arrogant! But then IHUB sets a very low bar.
I often wonder when people here say they have significant money, what that means? I mean because I have significant monies, but due to inflation, I wonder what percentage truly do? The country went through The Great Resignation a few years ago and I think a high percentage will regret it.
But, anytime I read someone on here talking about their penny stocks as if its going to make them rich, I tend to write these people off.
So, unless you've recently changed your name, you took the moniker of a penny stock some 13 years ago almost to the day, but the stock did nothing so you never posted? Now you're making claims you're gonna be rich due to it and MPW, which I already know has financial troubles.
There's quite a bit you've posted that doesn't make sense, and I'm a researcher of personalities.
fung_derf
5 meses hace
So good that Wall Street responded with a resounding "meh". Over the years I've found that stocks are shorted heavily with good reason. MPW has been selling off properties to maintain their "dividend", which is really seemingly just a return of principal.
I used to owned this stock, thinking it was a logical investment. However, there has been something drastically wrong going on here. I sold in Oct. '22 fortunately.
OK, so just went over to this Viceroy Research website. Don't know who is right, but they are pulling no punches! Based on the articles put out, true or false, this stock I don't see rebounding for a long while. Below is one of many arrows shot.
https://viceroyresearch.org/wp-content/uploads/2024/10/MPW-Trumbull-County-Cloak-and-Dagger.pdf
Also just noticed I lost 50% or so in this trust, about $23k.....minus a couple years of "dividends" I also note their "dividend" has gone from .29 to .08.
b9molecule
5 meses hace
good release: Business Wire
Mon, October 14, 2024, 2:17 PM PDT 6 min read
In This Article:
MPW
-4.63%
Independent Members of MPT’s Board of Directors Stand Firmly Behind Management
BIRMINGHAM, Ala., October 14, 2024--(BUSINESS WIRE)--The independent members of the Board of Directors of Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE: MPW) today released a letter to shareholders regarding the findings of an independent, forensic investigation into short-seller allegations, including with respect to transactions between the Company and Steward Healthcare ("Steward"). The Board’s Audit Committee engaged Wachtell, Lipton, Rosen & Katz ("Wachtell Lipton") to conduct this investigation, which was completed in February 2023.
The full text of the letter is included below.
Dear fellow shareholder,
Over much of the past two years, Medical Properties Trust has been the target of considerable scrutiny from short-selling hedge funds as well as certain media outlets. As fiduciaries for our shareholders, the Board treats these matters with the utmost seriousness.
In response to certain claims asserted by Viceroy Research, the Board’s Audit Committee engaged Wachtell Lipton in early 2023 to conduct an independent investigation into the short-seller allegations, including with respect to MPT transactions involving Steward Healthcare beginning in 2016. Wachtell Lipton in turn retained a leading global consulting firm to assist with financial forensics as part of this investigation. No limitations or restrictions were placed on the scope of the investigation and management cooperation with the investigation was exemplary.
As has been previously reported, in March 2023 MPT filed suit against Viceroy for defamation, civil conspiracy, and tortious interference (among other claims). Due to the active and sensitive nature of this litigation, our Board kept the investigation findings confidential at that time. However, as the OCCRP and Boston Globe resurfaced many of those same allegations in their respective stories published on October 9, 2024, we believe it is now critically important for all investors to have access to this information.
The key findings from the investigation are as follows:
The investigation identified no evidence that MPT gratuitously overpays its operator-tenants for real estate.
The investigation identified no evidence of improper round-tripping.
The investigation found no evidence of improper recognition of "uncollectable" rent through GAAP-mandated straight-line revenue recognition. The investigation also found no evidence to substantiate the allegation that MPT was required to consolidate Steward’s financial results.
The investigation concluded that neither Manolete Health nor MPT has an ownership interest in any Malta property or hospital.
The investigation yielded no evidence that management manipulated acquisitions or other metrics to meet compensation targets.
The investigation yielded no evidence of concerns regarding management integrity.
Our Board continues to stand firmly behind our management team.
During Steward’s lengthy bankruptcy process, MPT’s team worked tirelessly to avoid hospital closures, protect jobs, and ensure continuity of care for patients. Our recently announced global settlement agreement with Steward and its creditors, which was approved by the bankruptcy court in September 2024, enabled MPT to take back control of its real estate, immediately transition operations to quality replacement operators, and sever its relationship with Steward.
With Steward’s removal from our portfolio, we look forward to demonstrating the strength and resilience of MPT’s diversified portfolio of hospital real estate, our ability to create value for shareholders over the long-term, and the importance of our business model to an industry in dire need for more capital solutions.
Sincerely,
Michael G. Stewart, Lead Independent Director
G. Steven Dawson, Independent Director
Caterina A. Mozingo, Independent Director
Emily W. Murphy, Independent Director
Elizabeth N. Pitman, Independent Director
D. Paul Sparks, Jr., Independent Director
G. Reynolds Thompson, III, Independent Director
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world’s largest owners of hospital real estate with 435 facilities and approximately 42,000 licensed beds in nine countries and across three continents as of June 30, 2024. MPT’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. For more information, please visit the Company’s website at www.medicalpropertiestrust.com.