Medical Properties Trust Q1 revenue beats on rent ramp-up

Medical Properties Trust

30/04/2026 13:12

Overview

U.S. hospital REIT's Q1 revenue beat analyst expectations

Normalized FFO per share was flat yr/yr at $0.14

Company sold two facilities and acquired one in Europe, as previously disclosed

Outlook

Company expects to begin collecting cash rent from NOR in California in Q2 2026

Medical Properties Trust anticipates annualized cash rent of at least $1 bln by year-end

Result Drivers

RENT RAMP-UP - Co said rent payments at recently transitioned hospitals in Florida, Louisiana and Texas continued to increase, supporting results

HSA RENT INCREASE - HSA's contractual rent rose to 75% of fully stabilized rent as of March 2026

PORTFOLIO STABILITY - Co said strong EBITDARM coverage at general acute care properties and increased EBITDARM in post-acute portfolio supported results

Company press release: ID:nBw2qMdR8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$252.07 mln
$244.56 mln (5 Analysts)
Q1 Net Income
$33.11 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Medical Properties Trust Inc is $5.00, about 2.5% below its April 29 closing price of $5.13

The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 40 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)