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Medical Properties Trust, Inc. Reports Fourth Quarter and Full-Year 2009 Results

Posted by Dana in January 29th 2010

Medical Properties Trust, Inc. (NYSE: MPW) announced financial and operating results for the quarter and year ended December 31, 2009.

HIGHLIGHTS

* Reported fourth quarter normalized Funds from Operations (“FFO”) and Adjusted FFO (“AFFO”) per diluted share of $0.23 each, in-line with guidance as adjusted for certain non-routine expenses;
* Delivered 2009 full year total revenues of $129.8 million, up more than 11% over $116.8 million reported in 2008; normalized FFO and AFFO were $0.90 and $0.92 per share, respectively, in 2009 as adjusted for certain non-routine expenses;
* Continued profitability from Shasta Regional Medical Center after lease restructuring;
* Reached agreements to settle all claims asserted by Stealth, L.P. in previously disclosed litigation concerning termination of leases of Houston Town and Country Hospital and medical office building;
* Paid 2009 fourth quarter cash dividend of $0.20 per share on January 14, 2010.