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6Material company update
Feb 19, 2026·SEC
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Jan 20, 2026·SEC
Material company update
Oct 30, 2025·SEC
Medical Properties Trust, Inc.(MPW)Earnings, Financials & Key Ratios
MPW•NYSE•REIT / Real Estate
Price updated May 28, 2026
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/Share0.11+103.4%
- FFO Payout0%+100.0%
- FFO per Share0.11+103.4%
- NOI Margin100%+2.8%
- FFO Margin6.86%+103.5%
- ROE-4.21%+89.1%
- ROA-1.36%+90.8%
MPW Key Insights
Medical Properties Trust, Inc. (MPW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓FFO growing 103.4% TTM
- ✓High NOI margin of 100.0%
- ✓Trading near 52-week high
- ✓Trading at only 0.7x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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MPW Price & Volume
Medical Properties Trust, Inc. (MPW) stock price & volume — 10-year historical chart
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MPW Growth Metrics
Medical Properties Trust, Inc. (MPW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.2%
5 Years-4.89%
3 Years-14.27%
TTM-2.7%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM91.76%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM91.81%
Return on Capital
10 Years4.93%
5 Years3.52%
3 Years1.53%
Last Year-
MPW Recent Earnings
Medical Properties Trust, Inc. (MPW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 1/12 qtrs (9%)
Q1 2026Latest
Feb 26, 2026Metric
Actual
Est
EPS
$0.18+20.0%
$0.15
Rev
$270M
—
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.13-18.8%
$0.16
Rev
$238M-2.7%
$244M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.14-6.7%
$0.15
Rev
$240M-1.8%
$245M
Q2 2025
May 1, 2025Metric
Actual
Est
EPS
$0.14-6.7%
$0.15
Rev
$224M-6.8%
$240M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.18vs $0.15+20.0% | $270M |
| Q4 2025 | Oct 30, 2025 | $0.13vs $0.16-18.8% | $238Mvs $244M-2.7% |
| Q3 2025 | Jul 31, 2025 | $0.14vs $0.15-6.7% | $240Mvs $245M-1.8% |
| Q2 2025 | May 1, 2025 | $0.14vs $0.15-6.7% | $224Mvs $240M-6.8% |
Based on last 12 quarters of dataView full earnings history →
MPW Peer Comparison
Medical Properties Trust, Inc. (MPW) competitors in Hospitals and inpatient facilities — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GMRE | 94.26M | 35.74 | 115.29 | 7.08% | -8.18% | -2.31% | ||
 HR | 6.9B | 19.79 | -27.87 | -6.92% | -17.51% | -4.28% | 0.89 | |
 OHI | 13.26B | 44.53 | 22.95 | 13.95% | 51.02% | 11.85% | 0.78 | |
 SBRA | 4.57B | 18.12 | 28.31 | 10.15% | 19.21% | 5.6% | 0.90 | |
 LTC | 1.86B | 36.37 | 14.43 | 25.26% | 39.08% | 10.9% | 0.73 | |
 CHCT | 498.01M | 17.43 | 225.19 | 4.67% | 4.95% | 1.41% | 1.25 | |
 VTR | 38.8B | 81.61 | 151.13 | 18.47% | 4.25% | 2.08% | 1.05 | |
 WELL | 144.78B | 206.65 | 148.67 | 35.82% | 12.31% | 3.49% | 0.49 |
Compare MPW vs Peers
Medical Properties Trust, Inc. (MPW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MPW Income Statement
Medical Properties Trust, Inc. (MPW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 704.75M | 784.52M | 870.25M | 1.25B | 1.54B | 1.54B | 871.8M | 995.55M | 972.02M |
Revenue Growth % | 30.23% | 11.32% | 10.93% | 43.55% | 23.65% | -0.12% | -43.49% | 14.19% | -2.36% |
Property Operating Expenses | 5.81M | 9.24M | 23.99M | 24.89M | 39.1M | 45.7M | 41.57M | 27.25M | 0 |
Net Operating Income (NOI) | 698.93M▲ 0% | 775.28M▲ 10.9% | 846.26M▲ 9.2% | 1.22B▲ 44.7% | 1.51B▲ 23.0% | 1.5B▼ 0.6% | 830.23M▼ 44.5% | 968.29M▲ 16.6% | 972.02M▲ 0.4% |
NOI Margin % | 99.18% | 98.82% | 97.24% | 98.01% | 97.47% | 97.04% | 95.23% | 97.26% | 100% |
Operating Expenses | 213.35M | 775.28M | 96.41M | 1.22B | 466.89M | 493.47M | 748.95M | 581.45M | 972.02M |
G&A Expenses | 58.6M | 81M | 96.41M | 131.66M | 145.64M | 160.49M | 145.59M | 133.79M | 130.43M |
EBITDA | 617.56M | 702.69M | 906.42M | 1.1B | 1.37B | 1.35B | 697.41M | 840.6M | 28.09M |
EBITDA Margin % | 87.63% | 89.57% | 104.16% | 88.41% | 88.85% | 87.45% | 80% | 84.44% | 2.89% |
Depreciation & Amortization | 131.98M | 141.49M | 156.57M | 275.95M | 333.78M | 345.58M | 616.13M | 453.75M | 265.4M |
D&A / Revenue % | 18.73% | 18.04% | 17.99% | 22.09% | 21.61% | 22.4% | 70.67% | 45.58% | 27.3% |
Operating Income | 485.58M▲ 0% | 561.2M▲ 15.6% | 749.85M▲ 33.6% | 0▼ 100.0% | 1.04B▲ 0% | 1B▼ 3.4% | 81.28M▼ 91.9% | 386.85M▲ 375.9% | 0▼ 100.0% |
Operating Margin % | 68.9% | 71.53% | 86.16% | 0% | 67.24% | 65.05% | 9.32% | 38.86% | 0% |
Interest Expense | 176.95M | 223.27M | 237.83M | 356.91M | 395.04M | 368.49M | 410.89M | 422.12M | 0 |
Interest Coverage | 2.91x | 2.51x | 2.51x | 2.32x | 2.63x | 2.72x | 0.20x | 0.92x | - |
Non-Operating Income | -29.64M | 0 | 152.31M | -828.44M | 0 | 0 | 0 | 0 | 237.32M |
Pretax Income | 293.92M▲ 0% | 1.02B▲ 246.8% | 373.78M▼ 63.3% | 463.33M▲ 24.0% | 730.89M▲ 57.7% | 959.72M▲ 31.3% | -686.77M▼ 171.6% | -2.36B▼ 244.2% | -237.32M▲ 90.0% |
Pretax Margin % | 41.71% | 129.94% | 42.95% | 37.09% | 47.32% | 62.2% | -78.78% | -237.48% | -24.41% |
Income Tax | 2.68M | 927K | -2.62M | 31.06M | 73.95M | 55.9M | -130.68M | 44.1M | -38.62M |
Effective Tax Rate % | 0.91% | 0.09% | -0.7% | 6.7% | 10.12% | 5.82% | 19.03% | -1.87% | 16.27% |
Net Income | 289.79M▲ 0% | 1.02B▲ 250.8% | 374.68M▼ 63.1% | 431.45M▲ 15.2% | 656.02M▲ 52.1% | 902.6M▲ 37.6% | -556.48M▼ 161.7% | -2.41B▼ 333.1% | -198.7M▲ 91.8% |
Net Margin % | 41.12% | 129.59% | 43.05% | 34.54% | 42.47% | 58.5% | -63.83% | -242.11% | -20.44% |
Net Income Growth % | 28.77% | 250.83% | -63.15% | 15.15% | 52.05% | 37.59% | -161.65% | -333.13% | 91.76% |
Funds From Operations (FFO) | 421.77M▲ 0% | 1.16B▲ 174.6% | 531.26M▼ 54.1% | 707.4M▲ 33.2% | 989.8M▲ 39.9% | 1.25B▲ 26.1% | 59.65M▼ 95.2% | -1.96B▼ 3379.9% | 66.7M▲ 103.4% |
FFO Margin % | 59.85% | 147.63% | 61.05% | 56.63% | 64.08% | 80.9% | 6.84% | -196.53% | 6.86% |
FFO Growth % | 30.72% | 174.6% | -54.13% | 33.16% | 39.92% | 26.1% | -95.22% | -3379.95% | 103.41% |
FFO per Share | 1.20 | 3.16 | 1.24 | 1.33 | 1.68 | 2.08 | 0.10 | -3.26 | 0.11 |
FFO Payout Ratio % | 77.47% | 31.42% | 77.49% | 80.29% | 65.01% | 55.96% | 1031.65% | -16.41% | 0% |
EPS (Diluted) | 0.82▲ 0% | 2.76▲ 236.6% | 0.87▼ 68.5% | 0.81▼ 6.9% | 1.11▲ 37.0% | 1.50▲ 35.1% | -0.93▼ 162.0% | -4.02▼ 332.3% | -0.33▲ 91.8% |
EPS Growth % | -4.65% | 236.59% | -68.48% | -6.9% | 37.04% | 35.14% | -162% | -332.26% | 91.79% |
EPS (Basic) | 0.82 | 2.77 | 0.87 | 0.81 | 1.11 | 1.50 | -0.93 | -4.02 | -0.33 |
Diluted Shares Outstanding | 350.44M | 366.27M | 428.3M | 530.46M | 590.14M | 598.84M | 598.52M | 600.32M | 600.89M |
MPW Balance Sheet
Medical Properties Trust, Inc. (MPW) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 9.02B | 8.84B | 14.47B | 16.83B | 20.52B | 19.66B | 18.3B | 14.29B | 15B |
Asset Growth % | 40.53% | -1.96% | 63.59% | 16.32% | 21.93% | -4.2% | -6.88% | -21.91% | 4.95% |
Real Estate & Other Assets | -6.12B | -6.44B | 1.48B | 416.2M | 450.43M | 14.99B | 13.65B | 11.38B | 0 |
PP&E (Net) | 4.95B | 4.45B | 6.99B | 10.06B | 11.8B | 0 | 0 | 0 | 0 |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
Total Current Assets | 436.03M | 1.07B | 4.51B | 4.04B | 4.55B | 1.72B | 1.4B | 1.31B | 1.44B |
Cash & Equivalents | 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 |
Other Current Assets | 0 | 0 | 625.31M | 938.08M | 1.25B | 0 | 0 | 0 | 0 |
Intangible Assets | 443.13M | 403.14M | 556.66M | 1.19B | 1.28B | 0 | 0 | 0 | 872.37M |
Total Liabilities | 5.19B | 4.28B | 7.44B | 9.49B | 12.07B | 11.06B | 10.67B | 9.46B | 10.39B |
Total Debt | 4.96B | 4.06B | 7.11B | 9.01B | 11.37B | 10.41B | 10.22B | 8.98B | 128.3M |
Net Debt | 4.78B | 3.24B | 5.65B | 8.46B | 10.91B | 10.18B | 9.97B | 8.64B | -412.56M |
Long-Term Debt | 4.06B | 4.04B | 7.02B | 8.87B | 11.28B | 9.34B | 8.55B | 8.49B | 0 |
Short-Term Borrowings | 0 | 0 | 5.6M | 51.3M | 4.2M | 929.58M | 1.51B | 361.73M | 128.3M |
Capital Lease Obligations | 57.05M | 27.52M | 78.28M | 91.94M | 87.15M | 146.13M | 156.6M | 129.04M | 0 |
Total Current Liabilities | 229.37M | 217.79M | 291.49M | 438.75M | 607.79M | 1.58B | 1.96B | 845.38M | 147.59M |
Accounts Payable | 211.19M | 246.7M | 285.89M | 387.45M | 603.59M | 0 | 0 | 0 | 0 |
Deferred Revenue | 18.18M | 13.47M | 0 | 0 | 0 | 27.73M | 37.96M | 29.45M | 19.29M |
Other Liabilities | 840.81M | 0 | 45.72M | 89.01M | 96.41M | 0 | 0 | 0 | 10.25B |
Total Equity | 3.84B▲ 0% | 4.56B▲ 18.9% | 7.03B▲ 54.1% | 7.34B▲ 4.5% | 8.45B▲ 15.0% | 8.59B▲ 1.8% | 7.63B▼ 11.2% | 4.83B▼ 36.7% | 4.61B▼ 4.7% |
Equity Growth % | 17.89% | 18.92% | 54.09% | 4.49% | 15% | 1.76% | -11.18% | -36.68% | -4.66% |
Shareholders Equity | 3.82B | 4.55B | 7.03B | 7.34B | 8.44B | 8.59B | 7.63B | 4.83B | 4.61B |
Minority Interest | 14.57M | 13.83M | 107K | 5.33M | 5.48M | 1.57M | 2.27M | 1.05M | 1.05M |
Common Stock | 364K | 371K | 518K | 541K | 597K | 597K | 599K | 600K | 0 |
Additional Paid-in Capital | 4.33B | 4.44B | 7.01B | 7.46B | 8.56B | 8.54B | 8.56B | 8.58B | 0 |
Retained Earnings | -485.93M | 162.77M | 83.01M | 0 | -87.69M | 116.28M | -971.81M | -3.66B | 0 |
Preferred Stock | 49K | 202K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | 3.75% | 11.38% | 3.21% | 2.76% | 3.51% | 4.49% | -2.93% | -14.79% | -1.36% |
Return on Equity (ROE) | 8.18% | 24.22% | 6.47% | 6% | 8.31% | 10.59% | -6.86% | -38.66% | -4.21% |
Debt / Assets | 54.94% | 45.96% | 49.13% | 53.53% | 55.43% | 52.98% | 55.84% | 62.8% | 0.86% |
Debt / Equity | 1.29x | 0.89x | 1.01x | 1.23x | 1.35x | 1.21x | 1.34x | 1.86x | 0.03x |
Net Debt / EBITDA | 7.75x | 4.62x | 6.23x | 7.66x | 7.95x | 7.54x | 14.30x | 10.28x | -14.69x |
Book Value per Share | 10.94 | 12.45 | 16.41 | 13.84 | 14.31 | 14.35 | 12.75 | 8.05 | 7.67 |
MPW Cash Flow Statement
Medical Properties Trust, Inc. (MPW) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 363.1M | 449.09M | 494.12M | 617.64M | 811.66M | 739.01M | 505.79M | 245.48M | 230.77M |
Operating CF Growth % | 37.18% | 23.68% | 10.03% | 25% | 31.41% | -8.95% | -31.56% | -51.47% | -5.99% |
Operating CF / Revenue % | 51.52% | 57.24% | 56.78% | 49.44% | 52.55% | 47.9% | 58.02% | 24.66% | 23.74% |
Net Income | 291.24M | 1.02B | 376.4M | 432.27M | 656.94M | 903.82M | -556.09M | -2.41B | -277.05M |
Depreciation & Amortization | 131.98M | 141.49M | 156.57M | 275.95M | 333.78M | 345.58M | 616.13M | 453.75M | 322.71M |
Stock-Based Compensation | 9.95M | 16.5M | 32.19M | 47.15M | 52.11M | 49.42M | 33.25M | 32.98M | -10.26M |
Other Non-Cash Items | -37.51M | -79M | -103.64M | -176.8M | -287.04M | -600.09M | 563.12M | 2.18B | 195.36M |
Working Capital Changes | -25.12M | 23M | 53.13M | 17.22M | 13.12M | 29.59M | 16.72M | -15.6M | 0 |
Cash from Investing | -2.36B | 564.18M | -4.88B | -2.95B | -3.86B | 396.06M | 517.56M | 1.32B | -264.74M |
Acquisitions (Net) | -2.25B | -1.43B | -4.57B | -4.18B | -5.28B | -1.32B | -222.76M | -93.96M | 0 |
Purchase of Investments | -94.97M | -138.44M | -293.16M | -36.18M | -289.24M | -207.39M | -294.17M | -156.08M | 0 |
Sale of Investments | 72.84M | 2.4B | 112.69M | 1.47B | 65.55M | 14.29M | 0 | 0 | 0 |
Other Investing | -20.31M | 2.13B | 4.72B | 4.09B | 1.72B | 3.45B | 1.03B | 1.57B | -264.74M |
Cash from Financing | 2.07B | -345.87M | 5.04B | 1.4B | 2.95B | -1.34B | -1.02B | -1.48B | 228.08M |
Dividends Paid | -326.73M | -363.91M | -411.7M | -567.97M | -643.47M | -698.53M | -615.39M | -321.08M | 0 |
Common Dividends | -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 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | -17.94M | 0 | 0 | 0 |
Other Financing | -18.25M | -24.22M | -62.32M | -20.64M | -36.67M | -88.55M | 15.31M | -1.26B | 228.08M |
Net Change in Cash | 88.23M▲ 0% | 650.18M▲ 636.9% | 645.57M▼ 0.7% | -911.62M▼ 241.2% | -94.49M▲ 89.6% | -220.34M▼ 133.2% | 14.41M▲ 106.5% | 79.22M▲ 449.6% | 208.82M▲ 163.6% |
Exchange Rate Effect | 16.92M | -17.22M | -6.48M | 16.44M | 4.66M | -12.89M | 11.4M | -5.22M | 0 |
Cash at Beginning | 83.24M | 172.25M | 822.42M | 1.47B | 556.37M | 461.88M | 241.54M | 255.95M | 335.17M |
Cash at End | 171.47M | 822.42M | 1.47B | 556.37M | 461.88M | 241.54M | 255.95M | 335.17M | 544M |
Free Cash Flow | -1.88B▲ 0% | -981.91M▲ 47.9% | -4.36B▼ 344.5% | -3.67B▲ 16.0% | 746.11M▲ 120.3% | -801.35M▼ 207.4% | 505.79M▲ 163.1% | 245.48M▼ 51.5% | 230.77M▼ 6.0% |
FCF Growth % | -744.57% | 47.87% | -344.51% | 15.97% | 120.34% | -207.4% | 163.12% | -51.47% | -5.99% |
FCF / Revenue % | -267.29% | -125.16% | -501.54% | -293.6% | 48.3% | -51.94% | 58.02% | 24.66% | 23.74% |
MPW Key Ratios
Medical Properties Trust, Inc. (MPW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet 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 | 2.37x | 2.91x | 2.51x | 2.51x | 2.32x | 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% |
Related:MPW Dividend History·MPW Revenue History·MPW Price History·MPW P/E History·MPW Financial Ratios·MPW Institutional Holders
MPW SEC Filings & Documents
Medical Properties Trust, Inc. (MPW) SEC filings — annual & quarterly reports (10-K, 10-Q)
MPW Frequently Asked Questions
Medical Properties Trust, Inc. (MPW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Medical Properties Trust, Inc. (MPW) reported $972.0M in revenue for fiscal year 2025. This represents a 8823% increase from $10.9M in 2004.
Medical Properties Trust, Inc. (MPW) saw revenue decline by 2.4% over the past year.
Medical Properties Trust, Inc. (MPW) reported a net loss of $198.7M for fiscal year 2025.
Dividend & Returns
Medical Properties Trust, Inc. (MPW) has a return on equity (ROE) of -4.2%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Medical Properties Trust, Inc. (MPW) generated Funds From Operations (FFO) of $67.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.