Posted 2/21/2024, 10:46:26 PM
MPW Stock Rises Despite Revenue Loss on Strong Normalized Funds from Operations Beat
- Medical Properties Trust (MPW) stock rose over 5% after releasing Q4 results
- MPW posted negative Q4 revenue of $122M due to write-offs related to tenant Steward Health
- Normalized funds from operations (NFFO) fell to $218M ($0.36 per share)
- NFFO beat analyst estimates of $0.27 per share
- MPW did not provide 2024 guidance on net income or NFFO due to uncertainty around Steward Health situation