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MPW Medical Properties Trust

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 hospitals with approximately 430 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis. 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.

MPW stock data

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Calendar

9 Aug 21
21 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 723.88M 723.88M 723.88M 723.88M 723.88M 723.88M
Cash burn (monthly) 9.74M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 36.31M n/a n/a n/a n/a n/a
Cash remaining 687.57M n/a n/a n/a n/a n/a
Runway (months of cash) 70.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 21 Stewart Michael G Common stock, par value $0.001 Sell Dispose S No No 20.88 4,800 100.22K 214,884
30 Jun 21 Hanna James Kevin Common stock, par value $0.001 Grant Acquire A No No 0 7,250 0 91,429
30 Jun 21 Hanna James Kevin Common stock, par value $0.001 Grant Acquire A No No 0 14,500 0 84,179
30 Mar 21 Edward K Aldag JR Common stock, par value $0.001 Sell Dispose S No No 21.21 710,000 15.06M 3,251,167
17 Mar 21 Hanna James Kevin Common stock, par value $0.001 Sell Dispose S No No 21.32 33,000 703.56K 69,679
24 Feb 21 R Steven Hamner Common stock, par value $0.001 Sell Dispose S No No 22.49 250,000 5.62M 1,792,688

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

78.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 532 530 +0.4%
Opened positions 60 64 -6.3%
Closed positions 58 61 -4.9%
Increased positions 230 241 -4.6%
Reduced positions 148 132 +12.1%
13F shares
Current Prev Q Change
Total value 9.43B 10.02B -5.9%
Total shares 468.52M 470.35M -0.4%
Total puts 1.74M 1.02M +70.4%
Total calls 1.17M 1.03M +13.5%
Total put/call ratio 1.5 1.0 +50.1%
Largest owners
Shares Value Change
Vanguard 84.49M $1.7B +2.5%
BLK Blackrock 80.73M $1.62B +7.3%
Wellington Management 31.28M $628.75M -5.7%
STT State Street 24.54M $500.01M +6.2%
CNS Cohen & Steers 17.93M $360.45M -45.8%
BK Bank Of New York Mellon 12.94M $260.08M +7.5%
Massachusetts Financial Services 9.09M $182.61M +9.9%
Geode Capital Management 8.73M $175.22M +2.3%
FMR 8.61M $173.03M +6.5%
Dimensional Fund Advisors 8.26M $165.94M +0.8%
Largest transactions
Shares Bought/sold Change
CNS Cohen & Steers 17.93M -15.15M -45.8%
DSECF Daiwa Securities 557.61K -5.91M -91.4%
BLK Blackrock 80.73M +5.48M +7.3%
PRU Prudential Financial 2.87M +2.22M +341.8%
Vanguard 84.49M +2.08M +2.5%
Wellington Management 31.28M -1.87M -5.7%
LSV Asset Management 2.08M +1.87M +900.0%
Millennium Management 720.57K -1.84M -71.8%
STT State Street 24.54M +1.43M +6.2%
Mitsubishi UFJ Trust & Banking 547.25K -1.34M -71.1%

Financial report summary

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Management Discussion
  • Net income for the three months ended June 30, 2021, was $114.6 million ($0.19 per diluted share), compared to $109.5 million ($0.21 per diluted share) for the three months ended June 30, 2020. This 5% increase in net income is primarily due to incremental revenue from new investments made in 2020 and the first half of 2021, partially offset by higher interest expense (from additional debt to partially finance these new investments), depreciation expense, general and administrative costs and income taxes due to the growth of the company, including approximately $43 million of higher income tax expense related to the increase in corporate tax rates in the United Kingdom. In addition, our return on our equity investments were greater in the 2021 second quarter compared to the prior year. Normalized funds from operations (“FFO”), after adjusting for certain items (as more fully described in the “Reconciliation of Non-GAAP Financial Measures”), was $250.5 million for the 2021 second quarter, or $0.43 per diluted share, as compared to $199.6 million, or $0.38 per diluted share, for the 2020 second quarter. Similar to net income, this 26% increase in Normalized FFO is primarily due to incremental revenue from new investments in 2020 and the first half of 2021.
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