Medical Properties Trust, Inc. (MPW) 10-Year Financial Performance & Capital Metrics

MPW • • REIT / Real Estate

Real EstateHealthcare REITsHospitals and inpatient facilities

AboutMedical 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.Show more

Revenue $972M -2.4%
FFO $67M +103.4%
FFO/Share 0.11 +103.4%
FFO Payout 0% +100.0%
FFO per Share 0.11 +103.4%
NOI Margin 100% +2.8%
FFO Margin 6.86% +103.5%
ROE -4.21% +89.1%
ROA -1.36% +90.8%
Debt/Assets 0.86% -98.6%
Net Debt/EBITDA -14.69 -242.8%
Book Value/Share 7.67 -4.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FFO growing 103.4% TTM
✓High NOI margin of 100.0%
✓Trading at only 0.7x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.2%

5Y-4.89%

3Y-14.27%

TTM-2.7%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM91.76%

EPS CAGR

10Y-

5Y-

3Y-

TTM91.81%

ROCE

10Y Avg4.93%

5Y Avg3.52%

3Y Avg1.53%

Latest-

Peer Comparison

Hospitals and inpatient facilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UHTUniversal Health Realty Income Trust	605.21M	43.62	34.35	-100%	11.84%	11.56%	8.11%
HCAHCA Healthcare, Inc.	118.45B	529.70	18.66	7.08%	8.97%		6.49%
THCTenet Healthcare Corporation	21.04B	239.39	15.45	3.12%	6.6%	15.68%	12.03%	1.47
AUNAAuna S.A.	160.71M	5.34	10.99	14.47%	4.33%	10.05%	100%	2.32
UHSUniversal Health Services, Inc.	2.58M	206.10	8.92	9.71%	8.57%	20.09%	100%	0.70
ARDTArdent Health Partners, LLC	1.34B	9.39	5.94	10.29%	3.24%	12.57%	9.51%	1.50
CYHCommunity Health Systems, Inc.	484.81M	3.46	0.92	-1.18%	4.08%		42.9%
ACHCAcadia Healthcare Company, Inc.	2.12B	23.44	-1.93	5.04%	-33.29%	-51.52%		1.23

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	541.14M	704.75M	784.52M	870.25M	1.25B	1.54B	1.54B	871.8M	995.55M	972.02M
Revenue Growth %	22.46%	30.23%	11.32%	10.93%	43.55%	23.65%	-0.12%	-43.49%	14.19%	-2.36%
Property Operating Expenses	2.71M	5.81M	9.24M	23.99M	24.89M	39.1M	45.7M	41.57M	27.25M	0
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	196.79M	213.35M	775.28M	96.41M	1.22B	466.89M	493.47M	748.95M	581.45M	972.02M
G&A Expenses	48.91M	58.6M	81M	96.41M	131.66M	145.64M	160.49M	145.59M	133.79M	130.43M
EBITDA+	439.24M	617.56M	702.69M	906.42M	1.1B	1.37B	1.35B	697.41M	840.6M	28.09M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	97.6M	131.98M	141.49M	156.57M	275.95M	333.78M	345.58M	616.13M	453.75M	265.4M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	341.64M	485.58M	561.2M	749.85M	0	1.04B	1B	81.28M	386.85M	0
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	159.6M	176.95M	223.27M	237.83M	356.91M	395.04M	368.49M	410.89M	422.12M	0
Interest Coverage	2.14x	2.74x	2.51x	3.15x	-	2.63x	2.72x	0.20x	0.92x	-
Non-Operating Income	-37.07M	-29.64M	0	152.31M	-828.44M	0	0	0	0	237.32M
Pretax Income+	219.11M	293.92M	1.02B	373.78M	463.33M	730.89M	959.72M	-686.77M	-2.36B	-237.32M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-6.83M	2.68M	927K	-2.62M	31.06M	73.95M	55.9M	-130.68M	44.1M	-38.62M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	225.05M	289.79M	1.02B	374.68M	431.45M	656.02M	902.6M	-556.48M	-2.41B	-198.7M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	61.21%	28.77%	250.83%	-63.15%	15.15%	52.05%	37.59%	-161.65%	-333.13%	91.76%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	52.61%	30.72%	174.6%	-54.13%	33.16%	39.92%	26.1%	-95.22%	-3379.95%	103.41%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.86	0.82	2.76	0.87	0.81	1.11	1.50	-0.93	-4.02	-0.33
EPS Growth %	36.51%	-4.65%	236.59%	-68.48%	-6.9%	37.04%	35.14%	-162%	-332.26%	91.79%
EPS (Basic)	0.86	0.82	2.77	0.87	0.81	1.11	1.50	-0.93	-4.02	-0.33
Diluted Shares Outstanding	261.07M	350.44M	366.27M	428.3M	530.46M	590.14M	598.84M	598.52M	600.32M	600.89M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	6.42B	9.02B	8.84B	14.47B	16.83B	20.52B	19.66B	18.3B	14.29B	15B
Asset Growth %	14.43%	40.53%	-1.96%	63.59%	16.32%	21.93%	-4.2%	-6.88%	-21.91%	4.95%
Real Estate & Other Assets+	-4.46B	-6.12B	-6.44B	1.48B	416.2M	450.43M	14.99B	13.65B	11.38B	0
PP&E (Net)	3.73B	4.95B	4.45B	6.99B	10.06B	11.8B	0	0	0	0
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets+	257.8M	436.03M	1.07B	4.51B	4.04B	4.55B	1.72B	1.4B	1.31B	1.44B
Cash & Equivalents	83.24M	171.47M	820.87M	1.46B	549.88M	459.23M	235.67M	250.02M	332.33M	540.86M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	625.31M	938.08M	1.25B	0	0	0	0
Intangible Assets	296.18M	443.13M	403.14M	556.66M	1.19B	1.28B	0	0	0	872.37M
Total Liabilities	3.17B	5.19B	4.28B	7.44B	9.49B	12.07B	11.06B	10.67B	9.46B	10.39B
Total Debt+	2.94B	4.96B	4.06B	7.11B	9.01B	11.37B	10.41B	10.22B	8.98B	128.3M
Net Debt	2.85B	4.78B	3.24B	5.65B	8.46B	10.91B	10.18B	9.97B	8.64B	-412.56M
Long-Term Debt	2.62B	4.06B	4.04B	7.02B	8.87B	11.28B	9.34B	8.55B	8.49B	0
Short-Term Borrowings	320K	0	0	5.6M	51.3M	4.2M	929.58M	1.51B	361.73M	128.3M
Capital Lease Obligations	28.32M	57.05M	27.52M	78.28M	91.94M	87.15M	146.13M	156.6M	129.04M	0
Total Current Liabilities+	227.64M	229.37M	217.79M	291.49M	438.75M	607.79M	1.58B	1.96B	845.38M	147.59M
Accounts Payable	174.56M	211.19M	246.7M	285.89M	387.45M	603.59M	0	0	0	0
Deferred Revenue	19.93M	18.18M	13.47M	0	0	0	27.73M	37.96M	29.45M	19.29M
Other Liabilities	290M	840.81M	0	45.72M	89.01M	96.41M	0	0	0	10.25B
Total Equity+	3.25B	3.84B	4.56B	7.03B	7.34B	8.45B	8.59B	7.63B	4.83B	4.61B
Equity Growth %	54.38%	17.89%	18.92%	54.09%	4.49%	15%	1.76%	-11.18%	-36.68%	-4.66%
Shareholders Equity	3.25B	3.82B	4.55B	7.03B	7.34B	8.44B	8.59B	7.63B	4.83B	4.61B
Minority Interest	4.85M	14.57M	13.83M	107K	5.33M	5.48M	1.57M	2.27M	1.05M	1.05M
Common Stock	321K	364K	371K	518K	541K	597K	597K	599K	600K	0
Additional Paid-in Capital	3.78B	4.33B	4.44B	7.01B	7.46B	8.56B	8.54B	8.56B	8.58B	0
Retained Earnings	-434.11M	-485.93M	162.77M	83.01M	0	-87.69M	116.28M	-971.81M	-3.66B	0
Preferred Stock	0	49K	202K	0	0	0	0	0	0	0
Return on Assets (ROA)	3.74%	3.75%	11.38%	3.21%	2.76%	3.51%	4.49%	-2.93%	-14.79%	-1.36%
Return on Equity (ROE)	8.4%	8.18%	24.22%	6.47%	6%	8.31%	10.59%	-6.86%	-38.66%	-4.21%
Debt / Assets	45.77%	54.94%	45.96%	49.13%	53.53%	55.43%	52.98%	55.84%	62.8%	0.86%
Debt / Equity	0.90x	1.29x	0.89x	1.01x	1.23x	1.35x	1.21x	1.34x	1.86x	0.03x
Net Debt / EBITDA	6.50x	7.75x	4.62x	6.23x	7.66x	7.95x	7.54x	14.30x	10.28x	-14.69x
Book Value per Share	12.46	10.94	12.45	16.41	13.84	14.31	14.35	12.75	8.05	7.67

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	264.68M	363.1M	449.09M	494.12M	617.64M	811.66M	739.01M	505.79M	245.48M	230.77M
Operating CF Growth %	27.87%	37.18%	23.68%	10.03%	25%	31.41%	-8.95%	-31.56%	-51.47%	-5.99%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	225.94M	291.24M	1.02B	376.4M	432.27M	656.94M	903.82M	-556.09M	-2.41B	-277.05M
Depreciation & Amortization	97.6M	131.98M	141.49M	156.57M	275.95M	333.78M	345.58M	616.13M	453.75M	322.71M
Stock-Based Compensation	7.94M	9.95M	16.5M	32.19M	47.15M	52.11M	49.42M	33.25M	32.98M	-10.26M
Other Non-Cash Items	-13.91M	-37.51M	-79M	-103.64M	-176.8M	-287.04M	-600.09M	563.12M	2.18B	195.36M
Working Capital Changes	1.11M	-25.12M	23M	53.13M	17.22M	13.12M	29.59M	16.72M	-15.6M	0
Cash from Investing+	-926.54M	-2.36B	564.18M	-4.88B	-2.95B	-3.86B	396.06M	517.56M	1.32B	-264.74M
Acquisitions (Net)	-1.68B	-2.25B	-1.43B	-4.57B	-4.18B	-5.28B	-1.32B	-222.76M	-93.96M	0
Purchase of Investments	-119.42M	-94.97M	-138.44M	-293.16M	-36.18M	-289.24M	-207.39M	-294.17M	-156.08M	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Other Investing	797.73M	-20.31M	2.13B	4.72B	4.09B	1.72B	3.45B	1.03B	1.57B	-264.74M
Cash from Financing+	552.56M	2.07B	-345.87M	5.04B	1.4B	2.95B	-1.34B	-1.02B	-1.48B	228.08M
Dividends Paid	-218.39M	-326.73M	-363.91M	-411.7M	-567.97M	-643.47M	-698.53M	-615.39M	-321.08M	0
Common Dividends	-218.39M	-326.73M	-363.91M	-411.7M	-567.97M	-643.47M	-698.53M	-615.39M	-321.08M	0
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	0
Share Repurchases	0	0	0	0	0	0	-17.94M	0	0	0
Other Financing	1.16B	-18.25M	-24.22M	-62.32M	-20.64M	-36.67M	-88.55M	15.31M	-1.26B	228.08M
Net Change in Cash+	-112.3M	88.23M	650.18M	645.57M	-911.62M	-94.49M	-220.34M	14.41M	79.22M	208.82M
Exchange Rate Effect	-1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	-1000K	0
Cash at Beginning	195.54M	83.24M	172.25M	822.42M	1.47B	556.37M	461.88M	241.54M	255.95M	335.17M
Cash at End	83.24M	171.47M	822.42M	1.47B	556.37M	461.88M	241.54M	255.95M	335.17M	544M
Free Cash Flow+	292.24M	-1.88B	-981.91M	-4.36B	-3.67B	746.11M	-801.35M	505.79M	245.48M	230.77M
FCF Growth %	114.53%	-744.57%	47.87%	-344.51%	15.97%	120.34%	-207.4%	163.12%	-51.47%	-5.99%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	1.24	1.2	3.16	1.24	1.33	1.68	2.08	0.1	-3.26	0.11
FFO Payout Ratio	67.69%	77.47%	31.42%	77.49%	80.29%	65.01%	55.96%	1031.65%	-16.41%	0%
NOI Margin	99.5%	99.18%	98.82%	97.24%	98.01%	97.47%	97.04%	95.23%	97.26%	100%
Net Debt / EBITDA	6.50x	7.75x	4.62x	6.23x	7.66x	7.95x	7.54x	14.30x	10.28x	-14.69x
Debt / Assets	45.77%	54.94%	45.96%	49.13%	53.53%	55.43%	52.98%	55.84%	62.8%	0.86%
Interest Coverage	2.14x	2.74x	2.51x	3.15x	-	2.63x	2.72x	0.20x	0.92x	-
Book Value / Share	12.46	10.94	12.45	16.41	13.84	14.31	14.35	12.75	8.05	7.67
Revenue Growth	22.46%	30.23%	11.32%	10.93%	43.55%	23.65%	-0.12%	-43.49%	14.19%	-2.36%

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Medical Properties Trust, Inc. (MPW) 10-Year Financial Performance & Capital Metrics

MPW • • REIT / Real Estate

Real EstateHealthcare REITsHospitals and inpatient facilities

Revenue $972M -2.4%
FFO $67M +103.4%
FFO/Share 0.11 +103.4%
FFO Payout 0% +100.0%
FFO per Share 0.11 +103.4%
NOI Margin 100% +2.8%
FFO Margin 6.86% +103.5%
ROE -4.21% +89.1%
ROA -1.36% +90.8%
Debt/Assets 0.86% -98.6%
Net Debt/EBITDA -14.69 -242.8%
Book Value/Share 7.67 -4.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FFO growing 103.4% TTM
✓High NOI margin of 100.0%
✓Trading at only 0.7x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y8.2%

5Y-4.89%

3Y-14.27%

TTM-2.7%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM91.76%

EPS CAGR

10Y-

5Y-

3Y-

TTM91.81%

ROCE

10Y Avg4.93%

5Y Avg3.52%

3Y Avg1.53%

Latest-

Peer Comparison

Hospitals and inpatient facilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UHTUniversal Health Realty Income Trust	605.21M	43.62	34.35	-100%	11.84%	11.56%	8.11%
HCAHCA Healthcare, Inc.	118.45B	529.70	18.66	7.08%	8.97%		6.49%
THCTenet Healthcare Corporation	21.04B	239.39	15.45	3.12%	6.6%	15.68%	12.03%	1.47
AUNAAuna S.A.	160.71M	5.34	10.99	14.47%	4.33%	10.05%	100%	2.32
UHSUniversal Health Services, Inc.	2.58M	206.10	8.92	9.71%	8.57%	20.09%	100%	0.70
ARDTArdent Health Partners, LLC	1.34B	9.39	5.94	10.29%	3.24%	12.57%	9.51%	1.50
CYHCommunity Health Systems, Inc.	484.81M	3.46	0.92	-1.18%	4.08%		42.9%
ACHCAcadia Healthcare Company, Inc.	2.12B	23.44	-1.93	5.04%	-33.29%	-51.52%		1.23

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	541.14M	704.75M	784.52M	870.25M	1.25B	1.54B	1.54B	871.8M	995.55M	972.02M
Revenue Growth %	22.46%	30.23%	11.32%	10.93%	43.55%	23.65%	-0.12%	-43.49%	14.19%	-2.36%
Property Operating Expenses	2.71M	5.81M	9.24M	23.99M	24.89M	39.1M	45.7M	41.57M	27.25M	0
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	196.79M	213.35M	775.28M	96.41M	1.22B	466.89M	493.47M	748.95M	581.45M	972.02M
G&A Expenses	48.91M	58.6M	81M	96.41M	131.66M	145.64M	160.49M	145.59M	133.79M	130.43M
EBITDA+	439.24M	617.56M	702.69M	906.42M	1.1B	1.37B	1.35B	697.41M	840.6M	28.09M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	97.6M	131.98M	141.49M	156.57M	275.95M	333.78M	345.58M	616.13M	453.75M	265.4M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	341.64M	485.58M	561.2M	749.85M	0	1.04B	1B	81.28M	386.85M	0
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	159.6M	176.95M	223.27M	237.83M	356.91M	395.04M	368.49M	410.89M	422.12M	0
Interest Coverage	2.14x	2.74x	2.51x	3.15x	-	2.63x	2.72x	0.20x	0.92x	-
Non-Operating Income	-37.07M	-29.64M	0	152.31M	-828.44M	0	0	0	0	237.32M
Pretax Income+	219.11M	293.92M	1.02B	373.78M	463.33M	730.89M	959.72M	-686.77M	-2.36B	-237.32M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-6.83M	2.68M	927K	-2.62M	31.06M	73.95M	55.9M	-130.68M	44.1M	-38.62M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	225.05M	289.79M	1.02B	374.68M	431.45M	656.02M	902.6M	-556.48M	-2.41B	-198.7M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	61.21%	28.77%	250.83%	-63.15%	15.15%	52.05%	37.59%	-161.65%	-333.13%	91.76%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	52.61%	30.72%	174.6%	-54.13%	33.16%	39.92%	26.1%	-95.22%	-3379.95%	103.41%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.86	0.82	2.76	0.87	0.81	1.11	1.50	-0.93	-4.02	-0.33
EPS Growth %	36.51%	-4.65%	236.59%	-68.48%	-6.9%	37.04%	35.14%	-162%	-332.26%	91.79%
EPS (Basic)	0.86	0.82	2.77	0.87	0.81	1.11	1.50	-0.93	-4.02	-0.33
Diluted Shares Outstanding	261.07M	350.44M	366.27M	428.3M	530.46M	590.14M	598.84M	598.52M	600.32M	600.89M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	6.42B	9.02B	8.84B	14.47B	16.83B	20.52B	19.66B	18.3B	14.29B	15B
Asset Growth %	14.43%	40.53%	-1.96%	63.59%	16.32%	21.93%	-4.2%	-6.88%	-21.91%	4.95%
Real Estate & Other Assets+	-4.46B	-6.12B	-6.44B	1.48B	416.2M	450.43M	14.99B	13.65B	11.38B	0
PP&E (Net)	3.73B	4.95B	4.45B	6.99B	10.06B	11.8B	0	0	0	0
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets+	257.8M	436.03M	1.07B	4.51B	4.04B	4.55B	1.72B	1.4B	1.31B	1.44B
Cash & Equivalents	83.24M	171.47M	820.87M	1.46B	549.88M	459.23M	235.67M	250.02M	332.33M	540.86M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	625.31M	938.08M	1.25B	0	0	0	0
Intangible Assets	296.18M	443.13M	403.14M	556.66M	1.19B	1.28B	0	0	0	872.37M
Total Liabilities	3.17B	5.19B	4.28B	7.44B	9.49B	12.07B	11.06B	10.67B	9.46B	10.39B
Total Debt+	2.94B	4.96B	4.06B	7.11B	9.01B	11.37B	10.41B	10.22B	8.98B	128.3M
Net Debt	2.85B	4.78B	3.24B	5.65B	8.46B	10.91B	10.18B	9.97B	8.64B	-412.56M
Long-Term Debt	2.62B	4.06B	4.04B	7.02B	8.87B	11.28B	9.34B	8.55B	8.49B	0
Short-Term Borrowings	320K	0	0	5.6M	51.3M	4.2M	929.58M	1.51B	361.73M	128.3M
Capital Lease Obligations	28.32M	57.05M	27.52M	78.28M	91.94M	87.15M	146.13M	156.6M	129.04M	0
Total Current Liabilities+	227.64M	229.37M	217.79M	291.49M	438.75M	607.79M	1.58B	1.96B	845.38M	147.59M
Accounts Payable	174.56M	211.19M	246.7M	285.89M	387.45M	603.59M	0	0	0	0
Deferred Revenue	19.93M	18.18M	13.47M	0	0	0	27.73M	37.96M	29.45M	19.29M
Other Liabilities	290M	840.81M	0	45.72M	89.01M	96.41M	0	0	0	10.25B
Total Equity+	3.25B	3.84B	4.56B	7.03B	7.34B	8.45B	8.59B	7.63B	4.83B	4.61B
Equity Growth %	54.38%	17.89%	18.92%	54.09%	4.49%	15%	1.76%	-11.18%	-36.68%	-4.66%
Shareholders Equity	3.25B	3.82B	4.55B	7.03B	7.34B	8.44B	8.59B	7.63B	4.83B	4.61B
Minority Interest	4.85M	14.57M	13.83M	107K	5.33M	5.48M	1.57M	2.27M	1.05M	1.05M
Common Stock	321K	364K	371K	518K	541K	597K	597K	599K	600K	0
Additional Paid-in Capital	3.78B	4.33B	4.44B	7.01B	7.46B	8.56B	8.54B	8.56B	8.58B	0
Retained Earnings	-434.11M	-485.93M	162.77M	83.01M	0	-87.69M	116.28M	-971.81M	-3.66B	0
Preferred Stock	0	49K	202K	0	0	0	0	0	0	0
Return on Assets (ROA)	3.74%	3.75%	11.38%	3.21%	2.76%	3.51%	4.49%	-2.93%	-14.79%	-1.36%
Return on Equity (ROE)	8.4%	8.18%	24.22%	6.47%	6%	8.31%	10.59%	-6.86%	-38.66%	-4.21%
Debt / Assets	45.77%	54.94%	45.96%	49.13%	53.53%	55.43%	52.98%	55.84%	62.8%	0.86%
Debt / Equity	0.90x	1.29x	0.89x	1.01x	1.23x	1.35x	1.21x	1.34x	1.86x	0.03x
Net Debt / EBITDA	6.50x	7.75x	4.62x	6.23x	7.66x	7.95x	7.54x	14.30x	10.28x	-14.69x
Book Value per Share	12.46	10.94	12.45	16.41	13.84	14.31	14.35	12.75	8.05	7.67

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	264.68M	363.1M	449.09M	494.12M	617.64M	811.66M	739.01M	505.79M	245.48M	230.77M
Operating CF Growth %	27.87%	37.18%	23.68%	10.03%	25%	31.41%	-8.95%	-31.56%	-51.47%	-5.99%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	225.94M	291.24M	1.02B	376.4M	432.27M	656.94M	903.82M	-556.09M	-2.41B	-277.05M
Depreciation & Amortization	97.6M	131.98M	141.49M	156.57M	275.95M	333.78M	345.58M	616.13M	453.75M	322.71M
Stock-Based Compensation	7.94M	9.95M	16.5M	32.19M	47.15M	52.11M	49.42M	33.25M	32.98M	-10.26M
Other Non-Cash Items	-13.91M	-37.51M	-79M	-103.64M	-176.8M	-287.04M	-600.09M	563.12M	2.18B	195.36M
Working Capital Changes	1.11M	-25.12M	23M	53.13M	17.22M	13.12M	29.59M	16.72M	-15.6M	0
Cash from Investing+	-926.54M	-2.36B	564.18M	-4.88B	-2.95B	-3.86B	396.06M	517.56M	1.32B	-264.74M
Acquisitions (Net)	-1.68B	-2.25B	-1.43B	-4.57B	-4.18B	-5.28B	-1.32B	-222.76M	-93.96M	0
Purchase of Investments	-119.42M	-94.97M	-138.44M	-293.16M	-36.18M	-289.24M	-207.39M	-294.17M	-156.08M	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Other Investing	797.73M	-20.31M	2.13B	4.72B	4.09B	1.72B	3.45B	1.03B	1.57B	-264.74M
Cash from Financing+	552.56M	2.07B	-345.87M	5.04B	1.4B	2.95B	-1.34B	-1.02B	-1.48B	228.08M
Dividends Paid	-218.39M	-326.73M	-363.91M	-411.7M	-567.97M	-643.47M	-698.53M	-615.39M	-321.08M	0
Common Dividends	-218.39M	-326.73M	-363.91M	-411.7M	-567.97M	-643.47M	-698.53M	-615.39M	-321.08M	0
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	0
Share Repurchases	0	0	0	0	0	0	-17.94M	0	0	0
Other Financing	1.16B	-18.25M	-24.22M	-62.32M	-20.64M	-36.67M	-88.55M	15.31M	-1.26B	228.08M
Net Change in Cash+	-112.3M	88.23M	650.18M	645.57M	-911.62M	-94.49M	-220.34M	14.41M	79.22M	208.82M
Exchange Rate Effect	-1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	-1000K	0
Cash at Beginning	195.54M	83.24M	172.25M	822.42M	1.47B	556.37M	461.88M	241.54M	255.95M	335.17M
Cash at End	83.24M	171.47M	822.42M	1.47B	556.37M	461.88M	241.54M	255.95M	335.17M	544M
Free Cash Flow+	292.24M	-1.88B	-981.91M	-4.36B	-3.67B	746.11M	-801.35M	505.79M	245.48M	230.77M
FCF Growth %	114.53%	-744.57%	47.87%	-344.51%	15.97%	120.34%	-207.4%	163.12%	-51.47%	-5.99%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	1.24	1.2	3.16	1.24	1.33	1.68	2.08	0.1	-3.26	0.11
FFO Payout Ratio	67.69%	77.47%	31.42%	77.49%	80.29%	65.01%	55.96%	1031.65%	-16.41%	0%
NOI Margin	99.5%	99.18%	98.82%	97.24%	98.01%	97.47%	97.04%	95.23%	97.26%	100%
Net Debt / EBITDA	6.50x	7.75x	4.62x	6.23x	7.66x	7.95x	7.54x	14.30x	10.28x	-14.69x
Debt / Assets	45.77%	54.94%	45.96%	49.13%	53.53%	55.43%	52.98%	55.84%	62.8%	0.86%
Interest Coverage	2.14x	2.74x	2.51x	3.15x	-	2.63x	2.72x	0.20x	0.92x	-
Book Value / Share	12.46	10.94	12.45	16.41	13.84	14.31	14.35	12.75	8.05	7.67
Revenue Growth	22.46%	30.23%	11.32%	10.93%	43.55%	23.65%	-0.12%	-43.49%	14.19%	-2.36%

Medical Properties Trust, Inc. (MPW) 10-Year Financial Performance & Capital Metrics

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Medical Properties Trust, Inc. (MPW) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MPW vs Peers

vs HCA

vs THC

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios