Medical Properties Trust (NYSE: MPW) reported Q2 EPS of $0.30, $0.03 better than the analyst estimate of $0.27. Revenue for the quarter came in at $201.9 million versus the consensus estimate of $206.64 million.

“These transactions demonstrate the significant value that exists across our portfolio,” said Edward K. Aldag, Jr., MPT’s Chairman, President and Chief Executive Officer. “The cash expected at closing will be used for accretive acquisitions while simultaneously reducing our net leverage to a sector-leading level,” added Aldag.

Healthcare Europa, the leading information source for private healthcare services in Europe, described the joint venture transaction as “a real coup for MPT, which has pioneered the hospital property market in Germany, Spain and Italy.”

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