Medical Properties Trust Q3 net income $202M, but NFFO falls to $64M
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.
Key points
- 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.
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
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