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Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023. Since the end of the third quarter, the Company has sold four facilities and now owns approximately 43,000 licensed beds in nine countries across three continents. MPT's financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 959.72M | 730.89M | 463.33M | 373.78M | 1019.40M |
| Minority interest | -1.22M | -0.92M | 0.82M | 1.72M | 1.79M |
| Net income | 902.60M | 656.02M | 431.45M | 374.68M | 1016.68M |
| Selling general administrative | 160.49M | 145.64M | 131.66M | 96.41M | 80.09M |
| Gross profit | 1497.15M | 1505.57M | 1224.35M | 830.21M | 775.28M |
| Reconciled depreciation | 332.98M | 321.25M | 275.95M | 156.57M | 141.49M |
| Ebit | 735.30M | 986.21M | 850.28M | 560.95M | 1240.89M |
| Ebitda | 1068.28M | 1307.46M | 1114.52M | 713.26M | 1382.38M |
| Depreciation and amortization | 332.98M | 321.25M | 264.25M | 152.31M | 141.49M |
| Non operating income net other | 315.07M | 59.60M | -36.38M | 30.13M | 681.48M |
| Operating income | 735.30M | 986.21M | 850.28M | 560.95M | 562.12M |
| Other operating expenses | 539.17M | 505.99M | 420.80M | 272.72M | 222.41M |
| Interest expense | -355.04M | 256.24M | 387.77M | 237.83M | 223.27M |
| Tax provision | 55.90M | 73.95M | 31.06M | -2.62M | 0.93M |
| Interest income | 327.69M | 366.56M | 336.49M | 227.88M | 223.27M |
| Net interest income | -368.49M | -395.04M | -356.91M | -243.94M | -223.27M |
| Income tax expense | 55.90M | 73.95M | 31.06M | -2.62M | 0.93M |
| Total revenue | 1542.85M | 1544.67M | 1249.24M | 854.20M | 784.52M |
| Total operating expenses | 493.47M | 466.89M | 395.91M | 248.72M | 213.17M |
| Cost of revenue | 45.70M | 39.10M | 24.89M | 23.99M | 9.24M |
| Total other income expense net | 224.42M | -255.32M | -386.95M | -187.17M | 457.29M |
| Net income from continuing ops | 903.82M | 656.94M | 432.27M | 376.40M | 1018.48M |
| Net income applicable to common shares | 901.00M | 656.02M | 431.45M | 374.68M | 1016.68M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 19658.00M | 20519.80M | 16829.01M | 14467.33M | 8843.64M |
| Intangible assets | 1394.47M | 1417.81M | 1299.08M | 622.06M | 403.14M |
| Other current assets | 304.52M | -2053.33M | 87.95M | 90.34M | 61.76M |
| Total liab | 11063.59M | 12074.13M | 9485.16M | 7439.18M | 4282.70M |
| Total stockholder equity | 8592.84M | 8440.19M | 7338.53M | 7028.05M | 4547.11M |
| Deferred long term liab | 12.04M | 5.49M | 0.19M | 2.49M | 4.79M |
| Other current liab | -929.58M | -991.81M | 273.34M | 291.49M | 204.32M |
| Common stock | 0.60M | 0.60M | 0.54M | 0.52M | 0.37M |
| Capital stock | 0.60M | 0.60M | 0.54M | 0.52M | 0.37M |
| Retained earnings | 116.28M | -87.69M | -71.41M | 83.01M | 162.77M |
| Other liab | 70.33M | 183.57M | 180.95M | 45.72M | 40.99M |
| Good will | 12467.94M | 12644.91M | - | - | - |
| Other assets | 632.58M | 3888.30M | 14980.05M | 1484.28M | 1333.53M |
| Cash | 235.67M | 459.23M | 549.88M | 1462.29M | 820.87M |
| Cash and equivalents | 235.67M | 459.23M | 549.88M | 1462.29M | 820.87M |
| Total current liabilities | 649.05M | 633.36M | 474.93M | 307.59M | 217.79M |
| Current deferred revenue | 27.73M | 25.56M | 36.18M | 16.10M | 13.47M |
| Net debt | 11108.46M | 10981.55M | 8460.35M | 5669.30M | 3244.05M |
| Short term debt | 929.58M | 1599.61M | 165.41M | 107.91M | 28.06M |
| Short long term debt | 929.58M | 1599.61M | 165.41M | - | 28.06M |
| Short long term debt total | 11344.13M | 11440.77M | 9010.23M | 7131.59M | 4064.91M |
| Other stockholder equity | 8535.14M | 8564.01M | 7460.73M | 7007.42M | 4441.97M |
| Property plant equipment | 17667.30M | 13069.62M | 9946.32M | 6910.66M | 4400.34M |
| Total current assets | 1417.71M | 2572.63M | 1944.92M | 2372.71M | 1067.57M |
| Long term investments | 2942.78M | 1181.03M | 1371.70M | 2202.01M | 1897.38M |
| Net tangible assets | 7198.37M | 8440.19M | 6039.45M | 6405.99M | 4143.97M |
| Short term investments | 1691.32M | 2053.33M | - | - | - |
| Net receivables | 1182.04M | 2113.40M | 1395.04M | 910.42M | 246.70M |
| Long term debt | 10268.41M | 11282.77M | 8865.46M | 7023.68M | 4037.39M |
| Inventory | -304.52M | 2053.33M | - | - | -61.76M |
| Accounts payable | 621.32M | 607.79M | 438.75M | -107.91M | -28.06M |
| Noncontrolling interest in consolidated entity | 1.57M | 5.48M | 5.33M | 0.11M | 13.83M |
| Accumulated other comprehensive income | -59.18M | -36.73M | -51.32M | -62.91M | -58.20M |
| Common stock total equity | 0.60M | 0.60M | 0.54M | 0.52M | 0.37M |
| Retained earnings total equity | 116.28M | -87.69M | -71.41M | 83.01M | 162.77M |
| Treasury stock | - | -0.78M | -0.78M | -0.78M | -0.78M |
| Non currrent assets other | -12427.31M | 15348.33M | 12461.39M | 10545.58M | 6852.88M |
| Non current assets total | 18240.29M | 17947.17M | 14884.09M | 12094.62M | 7776.07M |
| Capital lease obligations | 146.13M | 158.00M | 144.77M | 107.91M | 27.52M |
| Long term debt total | 10268.41M | 11282.77M | 8865.46M | 7023.68M | 4037.39M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -139.93M | 1602.32M | 1312.76M | -53.17M | 535.47M |
| Change to liabilities | 33.58M | 54.06M | -18.42M | 39.63M | -5.60M |
| Total cashflows from investing activities | 396.06M | -3858.41M | -2946.77M | -4883.96M | 564.18M |
| Net borrowings | -537.49M | 2576.53M | 1578.58M | 2952.50M | -51.98M |
| Total cash from financing activities | -1342.52M | 2947.61M | 1401.07M | 5041.88M | -345.87M |
| Change to operating activities | -4.03M | -4.38M | 18.26M | -4.99M | -18.05M |
| Net income | 903.82M | 656.94M | 432.27M | 376.40M | 1018.48M |
| Change in cash | -220.34M | -94.49M | -911.62M | 645.57M | 650.18M |
| Begin period cash flow | 461.88M | 556.37M | 1467.99M | 822.42M | 172.25M |
| End period cash flow | 241.54M | 461.88M | 556.37M | 1467.99M | 822.42M |
| Total cash from operating activities | 739.01M | 811.66M | 617.64M | 494.12M | 449.09M |
| Issuance of capital stock | 0.00M | 1051.23M | 411.10M | 2533.21M | 94.24M |
| Depreciation | 345.58M | 333.78M | 275.95M | 156.57M | 141.49M |
| Other cashflows from investing activities | 1868.94M | -110.50M | -10.35M | -265.19M | 1459.70M |
| Dividends paid | -698.53M | -643.47M | -567.97M | -411.70M | 363.91M |
| Change to inventory | - | - | - | -39.63M | 5.60M |
| Change to account receivables | -116.42M | -23.87M | -2.44M | 12.91M | 46.50M |
| Sale purchase of stock | -47.86M | 3967.52M | 2378.58M | 3048.42M | 759.74M |
| Other cashflows from financing activities | 273.48M | -36.67M | -20.64M | -62.32M | -24.22M |
| Change to netincome | -481.23M | 11.55M | 86.42M | 16.30M | -731.46M |
| Capital expenditures | 1332.96M | 65.55M | 4249.18M | 27.97M | 1459.70M |
| Cash flows other operating | -79.78M | -261.53M | -171.69M | -103.67M | 18.81M |
| Cash and cash equivalents changes | -207.46M | -99.15M | -928.06M | 652.04M | 667.40M |
| Change in working capital | 29.59M | 13.12M | 17.22M | 53.12M | 23.00M |
| Stock based compensation | 49.42M | 52.11M | 47.15M | 32.19M | 16.50M |
| Other non cash items | -600.09M | -287.04M | -176.80M | -103.64M | -79.00M |
| Free cash flow | 739.01M | 746.11M | 617.64M | 494.12M | 449.09M |
Sector: Real Estate Industry: REIT - Healthcare Facilities
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| WELL Welltower Inc |
-0.23 0.10% |
247.12 | 170.68 | 72.46 | 7.75 | 2.13 | 9.77 | 27.67 |
| VTR Ventas Inc |
-0.46 0.51% |
89.96 | 161.02 | 131.58 | 7.08 | 3.12 | 9.07 | 24.46 |
| OHI Omega Healthcare Investors Inc |
-0.74 1.54% |
47.38 | 16.83 | 10.13 | 11.78 | 2.66 | 14.30 | 12.72 |
| DOC Healthpeak Properties Inc |
-0.17 0.86% |
20.20 | 164.70 | 113.64 | 4.06 | 1.58 | 7.64 | 13.08 |
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023. Since the end of the third quarter, the Company has sold four facilities and now owns approximately 43,000 licensed beds in nine countries across three continents. MPT's financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
1000 Urban Center Drive, Birmingham, AL, United States, 35242
205-969-3755
119
| Name | Title | Year Born |
|---|---|---|
| Mr. Edward K. Aldag Jr. | Founder, Chairman, Pres & CEO | 1964 |
| Mr. Emmett E. McLean | Founder, Exec. VP, COO & Sec. | 1955 |
| Mr. R. Steven Hamner CPA | Founder, Exec. VP, CFO & Director | 1957 |
| Mr. James Kevin Hanna | Chief Accounting Officer, VP & Controller | 1973 |
| Mr. Tim Berryman | Managing Director of Investor Relations | NA |
| Mr. Andrew T. Babin C.F.A. | Sr. Managing Director of Corp. Communications | NA |
| Ms. Rosa H. Hooper | VP and MD of Asset Management & Underwriting | NA |
| Mr. Jamey Ramsey | Managing Director of Tax | NA |
| Mr. R. Lucas Savage | VP & Head of Global Acquisitions | NA |
| Mr. Charles R. Lambert | VP, Treasurer & MD of Capital Markets | 1971 |
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