NYSE : MPT
Medical Properties Trust, Inc. — Financial statements
United States
Last price 2.25 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.34B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 947.89M | 888.71M | 883.16M | 675.48M | 1.17B | 1.17B |
| Other Revenue | 70.57M | 110.15M | 57.85M | 13.97M | 40.80M | 28.49M |
| Total Revenue | 1.09B | 1.07B | 1.04B | 885.77M | 1.58B | 1.57B |
| Property Expenses | 47.22M | 41.57M | 32.88M | 47.22M | 45.70M | 39.10M |
| Selling, General & Administrative | 115.44M | 125.27M | 128.16M | 139.94M | 160.49M | 145.64M |
| Depreciation & Amortization | 276.64M | 265.40M | 447.66M | 603.36M | 332.98M | 321.25M |
| Total Operating Expenses | 439.30M | 432.25M | 608.70M | 827.91M | 539.17M | 505.99M |
| Operating Income | 650.80M | 637.63M | 430.99M | 57.85M | 1.04B | 1.07B |
| Interest Expense | -554.14M | -510.36M | -417.82M | -411.17M | -359.04M | -367.39M |
| Other Non-Operating Income | 170.10M | -12.05M | -439.26M | 7.59M | 15.34M | 45.70M |
| EBT Excluding Unusual Items | 266.76M | 115.21M | -426.10M | -345.73M | 700.79M | 745.48M |
| Gain (Loss) on Sale of Investments | -147.00M | -147.00M | -1.19B | |||
| Gain (Loss) on Sale of Assets | 164.83M | 5.54M | 478.69M | -1.81M | 536.75M | 52.47M |
| Asset Writedown | -94.33M | -193.95M | -1.18B | -339.51M | -268.38M | -39.41M |
| Other Unusual Items | 56.02M | -17.13M | -55.59M | 285.00K | -9.45M | -27.65M |
| Pretax Income | 246.28M | -237.32M | -2.36B | -686.77M | 959.72M | 730.89M |
| Income Tax Expense | -4.21M | 38.62M | 44.10M | -130.68M | 55.90M | 73.95M |
| Earnings From Continuing Operations | 250.49M | -275.94M | -2.41B | -556.09M | 903.82M | 656.94M |
| Minority Interest in Earnings | -1.36M | -1.11M | -1.98M | -384.00K | -1.22M | -919.00K |
| Net Income | 249.13M | -277.05M | -2.41B | -556.48M | 902.60M | 656.02M |
| Preferred Dividends & Other Adjustments | 1.51M | 889.00K | 946.00K | 1.64M | 1.60M | 2.16M |
| Net Income to Common | 247.62M | -277.94M | -2.41B | -558.12M | 901.00M | 653.86M |
| Basic Shares Outstanding | 598.45M | 600.89M | 600.25M | 598.52M | 598.63M | 588.82M |
| Diluted Shares Outstanding | 598.45M | 600.89M | 600.25M | 598.52M | 598.84M | 590.14M |
| EPS (Basic) | 0.41 | -0.46 | -4.02 | -0.93 | 1.51 | 1.11 |
| EPS (Diluted) | 0.41 | -0.46 | -4.02 | -0.93 | 1.50 | 1.11 |
| Dividend Per Share | 0.36 | 0.33 | 0.46 | 0.88 | 1.16 | 1.12 |
| Operating Margin | 59.70% | 59.60% | 41.45% | 6.53% | 65.95% | 67.84% |
| Profit Margin | 22.71% | -25.98% | -231.92% | -63.01% | 56.89% | 41.56% |
| EBITDA | 941.35M | 910.44M | 714.74M | 387.98M | 1.39B | 1.40B |
| EBITDA Margin | 86.35% | 85.10% | 68.75% | 43.80% | 87.78% | 89.05% |
| D&A For Ebitda | 290.55M | 272.82M | 283.75M | 330.13M | 345.58M | 333.78M |
| EBIT | 650.80M | 637.63M | 430.99M | 57.85M | 1.04B | 1.07B |
| EBIT Margin | 59.70% | 59.60% | 41.45% | 6.53% | 65.95% | 67.84% |
| Funds From Operations (FFO) | 466.73M | 183.92M | -1.40B | 287.79M | 934.31M | 975.99M |
| FFO Per Share | 0.31 | -2.33 | 0.48 | 1.56 | 1.65 | |
| Adjusted Funds From Operations (AFFO) | 183.92M | -1.40B | 287.79M | 850.06M | 975.99M | |
| FFO Payout Ratio | 105.08% | 213.83% | 74.76% | 65.93% | ||
| Effective Tax Rate | 5.83% | 10.12% | ||||
| Revenue as Reported | 1.03B | 972.02M | 995.55M | 871.80M | 1.54B | 1.54B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 10.15B | 9.91B | 9.25B | 11.00B | 11.49B | 11.80B |
| Cash & Equivalents | 599.28M | 540.86M | 332.33M | 250.02M | 235.67M | 459.23M |
| Accounts Receivable | 1.35B | 1.32B | 1.79B | 1.91B | 2.65B | 2.84B |
| Investment In Debt and Equity Securities | 320.74M | 322.18M | 439.58M | 1.78B | 1.44B | 1.29B |
| Other Intangible Assets | 647.91M | 602.78M | 854.46M | 1.21B | 1.28B | |
| Loans Receivable Current | 283.01M | 186.29M | 109.17M | 292.62M | 227.84M | 67.32M |
| Restricted Cash | 5.87M | 2.65M | ||||
| Other Current Assets | 170.38M | 148.41M | 130.71M | 272.42M | 1.18B | |
| Trading Asset Securities | 43.00M | 93.20M | ||||
| Deferred Long-Term Charges | 3.27M | 5.67M | 8.51M | 12.04M | 5.49M | |
| Other Long-Term Assets | 1.56B | 1.77B | 1.49B | 1.73B | 1.66B | 1.38B |
| Total Assets | 14.39B | 15.00B | 14.29B | 18.30B | 19.66B | 20.52B |
| Current Portion of Long-Term Debt | 587.30M | 1.13B | 453.65M | 483.32M | 4.20M | |
| Current Portion of Leases | 7.24M | 101.59M | ||||
| Long-Term Debt | 9.26B | 9.11B | 7.71B | 9.61B | 9.79B | 11.28B |
| Long-Term Leases | 66.69M | 80.52M | 103.75M | 1.94M | 87.15M | |
| Accounts Payable | 398.70M | 549.11M | 454.21M | 412.18M | 621.32M | 603.59M |
| Long-Term Unearned Revenue | 16.93M | 19.29M | 29.45M | 37.96M | 27.73M | 25.56M |
| Other Long-Term Liabilities | 95.38M | 54.37M | 48.52M | 52.85M | 42.60M | 70.85M |
| Total Liabilities | 9.77B | 10.39B | 9.46B | 10.67B | 11.06B | 12.07B |
| Common Stock | 597.00K | 597.00K | 600.00K | 599.00K | 597.00K | 597.00K |
| Additional Paid-In Capital | 8.58B | 8.57B | 8.58B | 8.56B | 8.54B | 8.56B |
| Retained Earnings | -4.07B | -4.14B | -3.66B | -971.81M | 116.28M | -87.69M |
| Comprehensive Income & Other | 104.41M | 168.21M | -94.27M | 42.50M | -59.18M | -36.73M |
| Total Common Equity | 4.62B | 4.61B | 4.83B | 7.63B | 8.59B | 8.44B |
| Minority Interest | 1.05M | 1.05M | 1.05M | 2.27M | 1.57M | 5.48M |
| Shareholders' Equity | 4.62B | 4.61B | 4.83B | 7.63B | 8.59B | 8.45B |
| Total Liabilities & Equity | 14.39B | 15.00B | 14.29B | 18.30B | 19.66B | 20.52B |
| Total Debt | 9.26B | 9.77B | 8.93B | 10.17B | 10.37B | 11.37B |
| Net Cash (Debt) | -8.66B | -9.23B | -8.60B | -9.87B | -10.04B | -10.91B |
| Net Cash Per Share | -14.47 | -15.36 | -14.32 | -16.50 | -16.77 | -18.50 |
| Filing Date Shares Outstanding | 597.16M | 597.70M | 600.60M | 599.10M | 598.30M | 596.75M |
| Total Common Shares Outstanding | 597.16M | 597.01M | 600.40M | 598.99M | 597.48M | 596.75M |
| Book Value Per Share | 7.74 | 7.72 | 8.05 | 12.74 | 14.38 | 14.14 |
| Tangible Book Value | 4.62B | 3.96B | 4.23B | 6.78B | 7.38B | 7.16B |
| Tangible Book Value Per Share | 7.74 | 6.63 | 7.05 | 11.31 | 12.36 | 12.00 |
| Land | 1.74B | 1.56B | 1.74B | 1.88B | 1.89B | |
| Buildings | 9.54B | 8.85B | 10.40B | 10.52B | 10.58B | |
| Construction In Progress | 101.44M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -277.05M | -2.41B | -556.48M | 902.60M | 656.02M | |
| Depreciation & Amortization | 272.82M | 283.75M | 330.13M | 345.58M | 333.78M | |
| Other Amortization | 26.28M | 17.35M | 15.78M | 17.05M | 16.86M | |
| Gain (Loss) on Sale of Assets | -5.54M | -478.69M | 1.81M | -536.75M | -52.47M | |
| Gain (Loss) on Sale of Investments | 410.79M | -40.95M | ||||
| Asset Writedown | 193.95M | 2.00B | 662.91M | 268.38M | 39.41M | |
| Stock-Based Compensation | 25.75M | 32.98M | 33.25M | 49.42M | 52.11M | |
| Change in Accounts Receivable | 7.11M | 2.78M | -141.73M | -116.42M | -23.87M | |
| Change in Accounts Payable | 21.68M | 23.48M | -4.60M | 33.58M | 54.06M | |
| Change in Other Net Operating Assets | 14.97M | -36.11M | 13.75M | -4.03M | -4.38M | |
| Other Operating Activities | -39.59M | 409.79M | 143.40M | -220.42M | -206.23M | |
| Operating Cash Flow | 230.77M | 245.48M | 505.79M | 739.01M | 811.66M | |
| Acquisition of Real Estate Assets | -295.85M | -341.48M | -643.78M | -1.65B | -5.71B | |
| Sale of Real Estate Assets | 120.55M | 1.85B | 897.50M | 2.19B | 246.47M | |
| Net Sale / Acq. of Real Estate Assets | -175.29M | 1.51B | 253.72M | 535.98M | -5.46B | |
| Investment in Marketable & Equity Securities | 11.66M | 12.43M | 14.29M | 65.55M | ||
| Investing Cash Flow | -264.74M | 1.32B | 517.56M | 396.06M | -3.86B | |
| Long-Term Debt Issued | 2.75B | 804.19M | 567.91M | 332.11M | 3.97B | |
| Long-Term Debt Repaid | -2.25B | -1.83B | -988.16M | -869.61M | -1.39B | |
| Net Debt Issued (Repaid) | 501.77M | -1.03B | -420.25M | -537.49M | 2.58B | |
| Issuance of Common Stock | 1.05B | |||||
| Repurchase of Common Stock | -25.91M | -3.81M | -8.08M | -47.86M | ||
| Common Dividends Paid | -193.26M | -321.08M | -615.39M | -698.53M | -643.47M | |
| Other Financing Activities | -54.51M | -125.56M | 23.39M | -58.63M | -36.67M | |
| Foreign Exchange Rate Adjustments | 14.71M | -5.22M | 11.40M | -12.89M | 4.66M | |
| Net Cash Flow | 208.82M | 79.22M | 14.41M | -220.34M | -94.49M | |
| Levered Free Cash Flow | 872.73M | 667.87M | 764.83M | 1.80B | 451.22M | |
| Unlevered Free Cash Flow | 1.17B | 911.66M | 1.01B | 2.00B | 663.99M | |
| Cash Interest Paid | 445.31M | 412.67M | 391.96M | 347.38M | 323.12M | |
| Change in Working Capital | 34.15M | -15.60M | -125.01M | -86.83M | 13.12M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.34B | 3.01B | 2.37B | 2.94B | 6.66B | 14.09B |
| Enterprise Value | 10.00B | 12.23B | 11.31B | 12.76B | 15.84B | 24.33B |
| Last Close Price | 2.25 | 4.70 | 3.48 | 3.94 | 7.93 | 15.55 |
| Price/FFO Ratio | 15.18 | -1.49 | 8.20 | 5.08 | 9.42 | |
| PE Ratio | 5.44 | 7.39 | 21.55 | |||
| PS Ratio | 1.23 | 2.81 | 2.28 | 3.32 | 4.21 | 8.96 |
| PB Ratio | 0.29 | 0.65 | 0.49 | 0.39 | 0.78 | 1.67 |
| P/OCF Ratio | 5.92 | 13.03 | 9.66 | 5.81 | 9.01 | 17.36 |
| EV/Sales Ratio | 9.18 | 11.43 | 10.88 | 14.40 | 10.00 | 15.46 |
| EV/EBITDA Ratio | 10.63 | 13.43 | 15.83 | 32.88 | 11.39 | 17.36 |
| EV/EBIT Ratio | 15.37 | 19.18 | 26.25 | 220.50 | 15.17 | 22.80 |
| Debt / Equity Ratio | 2.00 | 2.12 | 1.85 | 1.33 | 1.21 | 1.35 |
| Debt / EBITDA Ratio | 9.82 | 10.71 | 12.46 | 26.09 | 7.42 | 8.08 |
| Net Debt / Equity Ratio | 1.87 | 2.00 | 1.78 | 1.29 | 1.17 | 1.29 |
| Net Debt / EBITDA Ratio | 9.20 | 10.14 | 12.03 | 25.45 | 7.22 | 7.79 |
| Asset Turnover | 0.07 | 0.07 | 0.06 | 0.05 | 0.08 | 0.08 |
| Quick Ratio | 4.88 | 1.63 | 1.34 | 2.55 | 2.47 | 5.42 |
| Current Ratio | 5.59 | 1.94 | 1.50 | 3.04 | 2.88 | 7.49 |
| Return on Equity (ROE) | 5.40% | -5.85% | -38.63% | -6.85% | 10.61% | 8.32% |
| Return on Assets (ROA) | 2.77% | 2.72% | 1.65% | 0.19% | 3.25% | 3.57% |
| Return on Invested Capital (ROIC) | 4.63% | 4.53% | 2.73% | 0.32% | 5.07% | 5.30% |
| Earnings Yield | 18.39% | -9.21% | -101.63% | -18.94% | 13.55% | 4.66% |
| Dividend Yield | 16.00% | 6.55% | 11.65% | 17.94% | 10.40% | 4.74% |
| Payout Ratio | 87.01% | 77.39% | 98.09% | |||
| Buyback Yield / Dilution | 0.38% | -0.11% | -0.29% | 0.05% | -1.47% | -11.25% |
| Total Shareholder Return | 16.38% | 6.44% | 11.36% | 17.99% | 8.93% | -6.51% |