Medical Properties Trust, Inc. (NYSE:MPW ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Charles Lambert - VP Edward Aldag - Chairman, President & CEO Rosa Hooper - SVP, Operations & Secretary Kevin Hanna - SVP, Controller & Chief Accounting Officer Steven Hamner - EVP & CFO Conference Call Participants Michael Carroll - RBC Capital Markets Omotayo Okusanya - Deutsche Bank Nikita Bali - JPMorgan Operator Good morning, and welcome to Q3 2024 Medical Properties Trust Earnings Conference Call. All participants will be in a listen-only mode.
Although the revenue and EPS for Medical Properties (MPW) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Medical Properties (MPW) came out with quarterly funds from operations (FFO) of $0.16 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.38 per share a year ago.
MPW's Q3 earnings are likely to have been hurt by exposure to troubled operators and high interest expenses.
Get a deeper insight into the potential performance of Medical Properties (MPW) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Medical Properties (MPW) closed at $4.71 in the latest trading session, marking a +1.07% move from the prior day.
Despite strong healthcare industry fundamentals, investors seem pessimistic about MPW due to stock sale news, dividend pay cut and southward revision of FFO estimates.
Recently, Zacks.com users have been paying close attention to Medical Properties (MPW). This makes it worthwhile to examine what the stock has in store.
Sentiment may have bottomed and started a turnaround for MPW stock, judging by recent developments. Despite potential impairments, the initial approval of the Steward settlement is a crucial step for MPW to stabilize its finances and recover its operations. A rare insider buy disclosed recently serves as another reflection of the improving sentiment.
Medical Properties Trust is a recovery play. The company's issues stem from a high-risk partnership with Steward. One particular area needing work was the evaluation that Steward could always meet cash flow needs. Diversification by investors is crucial.
Medical Properties (MPW) reachead $4.73 at the closing of the latest trading day, reflecting a +0.85% change compared to its last close.
Medical Properties Trust is moving past its challenges.