Medical Properties Trust reported third-quarter 2026 net income of $202 million ($0.34 per share), compared with a net loss of $78 million a year earlier, including a $158 million gain on asset sales. Normalized funds from operations (NFFO) fell to $64 million ($0.11 per share) from $77 million, which the company said was partly due to tenant HSA not paying September rent. The company says asset sales and debt refinancing generated proceeds to reduce debt.
Net income of $202 million ($0.34 per share) versus a net loss of $78 million ($0.13 per share) in the year-earlier quarter.
NFFO of $64 million ($0.11 per share) versus $77 million ($0.13 per share); the company said HSA's unpaid September rent reduced NFFO by two cents.
Asset sales produced about $680 million in cash proceeds in the quarter; a private offering of about $2.4 billion of secured notes was completed, with a $70 million gain on debt refinancing.
The company continues to expect portfolio cash rents in excess of $1.0 billion in 2027; a $0.09 quarterly dividend was paid in October 2026.
On August 10, 2026, MPT's operating partnership closed a private placement and private exchange issuing $2.4 billion of 9.25% senior secured notes due February 15, 2032. The company said proceeds will fund the full redemption of its 2026 senior notes and a partial redemption of its 2027 senior notes, and the exchange refinanced about $1.5 billion of unsecured notes maturing from 2027 to 2031.
$2.4 billion aggregate principal of 9.25% senior secured notes due February 15, 2032, issued August 10, 2026
Proceeds to fully redeem 2026 senior notes and partly redeem 2027 senior notes; private exchange refinanced about $1.5 billion of 2027–2031 unsecured notes
Interest paid semi-annually on June 15 and December 15, starting December 15, 2026; holders may require repurchase at 101% upon a change of control
Medical Properties Trust reported a smaller second-quarter 2026 net loss than a year earlier, with total revenues and normalized FFO both higher. The company also announced a $2.4 billion private placement and exchange of 9.25% senior secured notes due 2032, which it says is expected to close imminently and will repay 2026 notes and about half of its 2027 notes.
Q2 2026 net loss of $3 million ($0.01 per share), compared with a net loss of $98 million ($0.16 per share) in Q2 2025
Normalized FFO of $92 million ($0.15 per share), up from $81 million ($0.14 per share) a year earlier
Total revenues of $259.3 million for Q2 2026, compared with $240.4 million in Q2 2025
$2.4 billion of new 9.25% senior secured notes due 2032; proceeds to repay 2026 notes and about 50% of 2027 notes
Medical Properties Trust reported first-quarter 2026 net income of $33 million ($0.05 per share), compared with a net loss of $118 million a year earlier. Normalized FFO was $82 million ($0.14 per share), roughly flat with $81 million a year earlier, and total revenues rose to $252 million from $224 million. The company said its hospital tenants are ramping rent payments and that it expects annualized cash rent of at least $1 billion by year-end.
Q1 2026 net income of $33 million ($0.05 per share) versus a net loss of $118 million ($0.20 per share) in Q1 2025
Normalized FFO of $82 million ($0.14 per share), compared with $81 million ($0.14 per share) a year earlier
Total revenues of $252 million, up from $224 million; sold two facilities for about $31 million in aggregate proceeds
Paid a regular quarterly dividend of $0.09 per share in April 2026
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