Medical Properties Trust, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 08:00 am EDT
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Medical Properties Trust, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 381.792 million compared to USD 291.842 million a year ago. Net income was USD 114.565 million compared to USD 109.468 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.21 a year ago. For the half year, total revenue was USD 744.557 million compared to USD 585.974 million a year ago. Net income was USD 278.348 million compared to USD 190.460 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.36 a year ago.
Medical Properties Trust, Inc. is a real estate investment trust (REIT), which is engaged in the business of investing in, owning, and leasing healthcare real estate. The Company conducts all of its operations through its subsidiary, MPT Operating Partnership, L.P. (the Operating Partnership). The Company acquires and develops healthcare facilities and lease the facilities to healthcare operating companies under long-term net leases. It also makes mortgage loans to healthcare operators collateralized by their real estate assets. In addition, the Company selectively make loans to certain of its operators through its taxable REIT subsidiaries (TRS). The Company have healthcare investments in the United States, Europe, Australia, and South America. The Company's portfolio (including real estate assets in joint ventures) consists of approximately 444 properties leased or loaned to 55 operators, of which seven are under development and five are in the form of mortgage loans.