Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Medical Properties Trust Stock Was Sinking This Week


It's rare when a publicly traded company delivers an estimate-trouncing quarter, then sees its share price sink.

That was the unusual dynamic with Medical Properties Trust (NYSE: MPW) this week; the REIT's share price headed downward after the real estate investment trust (REIT) unveiled its final set of earnings for 2022 on Thursday. According to data compiled by S&P Global Market Intelligence, as of Friday morning before market open the company's stock was down by 14% week to date.

Medical Properties Trust's fourth quarter saw the REIT earn just under $380.5 million in revenue, which was down from the more than $409 million in the same period one year previous. Normalized -- i.e., adjusted -- funds from operations (FFO, considered to be the most important REIT profitability metric) also slipped, declining to $258 million ($0.43 per share) from the year-ago tally of $279 million.

Continue reading


Source Fool.com

Like: 0
MPW
Share

Comments