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Medical Properties Trust (MPW) Tops Q3 FFO by 1c, Offers FY11 Outlook

November 8, 2011 8:59 AM EST
Medical Properties Trust (NYSE: MPW) reported Q3 FFO of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $37.79 million versus the consensus estimate of $39.46 million.

Based solely on the portfolio as of September 30, 2011 and including the Hoboken acquisition and the completion of the Florence hospital currently under construction, the Company estimates that annualized Normalized FFO per share would approximate $0.76 to $0.80 per diluted share. The Company further estimates that its existing portfolio of assets plus approximately $275.0 million of assets expected to be acquired with available liquidity will generate Normalized FFO of between $0.93 and $0.97 per diluted share on an annualized basis once fully invested.


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