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

MPW • • REIT / Real Estate
Real EstateHealthcare REITsHospital & Acute Care REITsHospital Facility Owners
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 $996M +14.2%
  • FFO -$1.96B -3379.9%
  • FFO/Share -3.26 -3370.1%
  • FFO Payout -16.41% -101.6%
  • FFO per Share -3.26 -3370.1%
  • NOI Margin 97.26% +2.1%
  • FFO Margin -196.53% -2972.2%
  • ROE -38.66% -463.8%
  • ROA -14.79% -404.4%
  • Debt/Assets 62.8% +12.5%
  • Net Debt/EBITDA 10.28 -28.1%
  • Book Value/Share 8.05 -36.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 78.9% TTM
  • ✓High NOI margin of 97.3%
  • ✓Trading at only 0.6x 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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.28%
5Y2.73%
3Y-13.62%
TTM46.1%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM73.42%

EPS CAGR

10Y-
5Y-
3Y-
TTM73.48%

ROCE

10Y Avg5.03%
5Y Avg3.52%
3Y Avg2.78%
Latest2.6%

Peer Comparison

Hospital Facility Owners
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
UHTUniversal Health Realty Income Trust555.5M40.0428.813.6%18.06%11.32%8.44%2.11
MPWMedical Properties Trust, Inc.3.1B5.16-1.2814.19%-75.5%-15.18%7.91%1.86

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+441.88M541.14M704.75M784.52M870.25M1.25B1.54B1.54B871.8M995.55M
Revenue Growth %0.41%0.22%0.3%0.11%0.11%0.44%0.24%-0%-0.43%0.14%
Property Operating Expenses3.79M2.71M5.81M9.24M23.99M24.89M39.1M45.7M41.57M27.25M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+174.85M196.79M213.35M775.28M96.41M1.22B466.89M493.47M748.95M581.45M
G&A Expenses43.64M48.91M58.6M81M96.41M131.66M145.64M160.49M145.59M133.79M
EBITDA+335.06M439.24M617.56M702.69M906.42M1.1B1.37B1.35B697.41M840.6M
EBITDA Margin %----------
Depreciation & Amortization+71.83M97.6M131.98M141.49M156.57M275.95M333.78M345.58M616.13M453.75M
D&A / Revenue %----------
Operating Income+263.24M341.64M485.58M561.2M749.85M01.04B1B81.28M386.85M
Operating Margin %----------
Interest Expense+120.88M159.6M176.95M223.27M237.83M356.91M395.04M368.49M410.89M422.12M
Interest Coverage2.18x2.14x2.74x2.51x3.15x-2.63x2.72x0.20x0.92x
Non-Operating Income924K-37.07M-29.64M0152.31M-828.44M0000
Pretax Income+141.43M219.11M293.92M1.02B373.78M463.33M730.89M959.72M-686.77M-2.36B
Pretax Margin %----------
Income Tax+1.5M-6.83M2.68M927K-2.62M31.06M73.95M55.9M-130.68M44.1M
Effective Tax Rate %----------
Net Income+139.6M225.05M289.79M1.02B374.68M431.45M656.02M902.6M-556.48M-2.41B
Net Margin %----------
Net Income Growth %1.76%0.61%0.29%2.51%-0.63%0.15%0.52%0.38%-1.62%-3.33%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %1%0.53%0.31%1.75%-0.54%0.33%0.4%0.26%-0.95%-33.8%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+0.630.860.822.760.870.811.111.50-0.93-4.02
EPS Growth %1.17%0.37%-0.05%2.37%-0.68%-0.07%0.37%0.35%-1.62%-3.32%
EPS (Basic)0.640.860.822.770.870.811.111.50-0.93-4.02
Diluted Shares Outstanding218.3M261.07M350.44M366.27M428.3M530.46M590.14M598.84M598.52M600.32M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+5.61B6.42B9.02B8.84B14.47B16.83B20.52B19.66B18.3B14.29B
Asset Growth %0.5%0.14%0.41%-0.02%0.64%0.16%0.22%-0.04%-0.07%-0.22%
Real Estate & Other Assets+4.9B-4.46B-6.12B-6.44B1.48B416.2M450.43M14.99B13.65B11.38B
PP&E (Net)2.81B3.73B4.95B4.45B6.99B10.06B11.8B000
Investment Securities1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Total Current Assets+324.63M257.8M436.03M1.07B4.51B4.04B4.55B1.72B1.4B1.31B
Cash & Equivalents195.54M83.24M171.47M820.87M1.46B549.88M459.23M235.67M250.02M332.33M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets0000625.31M938.08M1.25B000
Intangible Assets256.95M296.18M443.13M403.14M556.66M1.19B1.28B000
Total Liabilities3.5B3.17B5.19B4.28B7.44B9.49B12.07B11.06B10.67B9.46B
Total Debt+3.34B2.94B4.96B4.06B7.11B9.01B11.37B10.41B10.22B8.98B
Net Debt3.14B2.85B4.78B3.24B5.65B8.46B10.91B10.18B9.97B8.64B
Long-Term Debt2.22B2.62B4.06B4.04B7.02B8.87B11.28B9.34B8.55B8.49B
Short-Term Borrowings1000K320K001000K1000K1000K1000K1000K1000K
Capital Lease Obligations12.83M28.32M57.05M27.52M78.28M91.94M87.15M146.13M156.6M129.04M
Total Current Liabilities+166.71M227.64M229.37M217.79M291.49M438.75M607.79M1.58B1.96B845.38M
Accounts Payable134.46M174.56M211.19M246.7M285.89M387.45M603.59M000
Deferred Revenue29.36M19.93M18.18M13.47M00027.73M37.96M29.45M
Other Liabilities1.1B290M840.81M045.72M89.01M96.41M000
Total Equity+2.11B3.25B3.84B4.56B7.03B7.34B8.45B8.59B7.63B4.83B
Equity Growth %0.52%0.54%0.18%0.19%0.54%0.04%0.15%0.02%-0.11%-0.37%
Shareholders Equity2.1B3.25B3.82B4.55B7.03B7.34B8.44B8.59B7.63B4.83B
Minority Interest5M4.85M14.57M13.83M107K5.33M5.48M1.57M2.27M1.05M
Common Stock237K321K364K371K518K541K597K597K599K600K
Additional Paid-in Capital2.59B3.78B4.33B4.44B7.01B7.46B8.56B8.54B8.56B8.58B
Retained Earnings-418.65M-434.11M-485.93M162.77M83.01M0-87.69M116.28M-971.81M-3.66B
Preferred Stock0049K202K000000
Return on Assets (ROA)0.03%0.04%0.04%0.11%0.03%0.03%0.04%0.04%-0.03%-0.15%
Return on Equity (ROE)0.08%0.08%0.08%0.24%0.06%0.06%0.08%0.11%-0.07%-0.39%
Debt / Assets0.59%0.46%0.55%0.46%0.49%0.54%0.55%0.53%0.56%0.63%
Debt / Equity1.58x0.90x1.29x0.89x1.01x1.23x1.35x1.21x1.34x1.86x
Net Debt / EBITDA9.37x6.50x7.75x4.62x6.23x7.66x7.95x7.54x14.30x10.28x
Book Value per Share9.6512.4610.9412.4516.4113.8414.3114.3512.758.05

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+207M264.68M363.1M449.09M494.12M617.64M811.66M739.01M505.79M245.48M
Operating CF Growth %0.38%0.28%0.37%0.24%0.1%0.25%0.31%-0.09%-0.32%-0.51%
Operating CF / Revenue %----------
Net Income139.93M225.94M291.24M1.02B376.4M432.27M656.94M903.82M-556.09M-2.41B
Depreciation & Amortization71.83M97.6M131.98M141.49M156.57M275.95M333.78M345.58M616.13M453.75M
Stock-Based Compensation11.12M7.94M9.95M16.5M32.19M47.15M52.11M49.42M33.25M32.98M
Other Non-Cash Items-27.29M-13.91M-37.51M-79M-103.64M-176.8M-287.04M-600.09M563.12M2.18B
Working Capital Changes14.68M1.11M-25.12M23M53.13M17.22M13.12M29.59M16.72M-15.6M
Cash from Investing+-1.95B-926.54M-2.36B564.18M-4.88B-2.95B-3.86B396.06M517.56M1.32B
Acquisitions (Net)-2.22B-1.68B-2.25B-1.43B-4.57B-4.18B-5.28B-1.32B-222.76M-93.96M
Purchase of Investments-17.34M-119.42M-94.97M-138.44M-293.16M-36.18M-289.24M-207.39M-294.17M-500.11M
Sale of Investments1000K1000K1000K1000K1000K1000K1000K1000K01000K
Other Investing290.59M797.73M-20.31M2.13B4.72B4.09B1.72B3.45B1.03B93.96M
Cash from Financing+1.8B552.56M2.07B-345.87M5.04B1.4B2.95B-1.34B-1.02B-1.48B
Dividends Paid-182.98M-218.39M-326.73M-363.91M-411.7M-567.97M-643.47M-698.53M-615.39M-321.08M
Common Dividends-182.98M-218.39M-326.73M-363.91M-411.7M-567.97M-643.47M-698.53M-615.39M-321.08M
Debt Issuance (Net)1000K-1000K1000K-1000K1000K1000K1000K-1000K-1000K1000K
Share Repurchases0000000-17.94M0-3.81M
Other Financing-23.85M1.16B-18.25M-24.22M-62.32M-20.64M-36.67M-88.55M15.31M-1.26B
Net Change in Cash+51M-112.3M88.23M650.18M645.57M-911.62M-94.49M-220.34M14.41M79.22M
Exchange Rate Effect-1000K-1000K1000K-1000K-1000K1000K1000K-1000K1000K-1000K
Cash at Beginning144.54M195.54M83.24M172.25M822.42M1.47B556.37M461.88M241.54M255.95M
Cash at End195.54M83.24M171.47M822.42M1.47B556.37M461.88M241.54M255.95M335.17M
Free Cash Flow+-2.01B292.24M-1.88B-981.91M-4.36B-3.67B746.11M-801.35M505.79M245.48M
FCF Growth %-14.37%1.15%-7.45%0.48%-3.45%0.16%1.2%-2.07%1.63%-0.51%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share0.971.241.23.161.241.331.682.080.1-3.26
FFO Payout Ratio86.55%67.69%77.47%31.42%77.49%80.29%65.01%55.96%1031.65%-16.41%
NOI Margin99.14%99.5%99.18%98.82%97.24%98.01%97.47%97.04%95.23%97.26%
Net Debt / EBITDA9.37x6.50x7.75x4.62x6.23x7.66x7.95x7.54x14.30x10.28x
Debt / Assets59.46%45.77%54.94%45.96%49.13%53.53%55.43%52.98%55.84%62.8%
Interest Coverage2.18x2.14x2.74x2.51x3.15x-2.63x2.72x0.20x0.92x
Book Value / Share9.6512.4610.9412.4516.4113.8414.3114.3512.758.05
Revenue Growth41.39%22.46%30.23%11.32%10.93%43.55%23.65%-0.12%-43.49%14.19%

Revenue by Geography

20132014201520162017
UNITED STATES---439.53M577.13M
UNITED STATES Growth----31.31%
Other States---187.36M235.54M
Other States Growth----25.72%
GERMANY--78.54M97.38M123.45M
GERMANY Growth---23.99%26.77%
MASSACHUSETTS---26.1M107.19M
MASSACHUSETTS Growth----310.74%
TEXAS--87.54M96.99M102.93M
TEXAS Growth---10.80%6.12%
CALIFORNIA--66.12M66.2M66.24M
CALIFORNIA Growth---0.12%0.07%
ARIZONA---23.8M36.39M
ARIZONA Growth----52.92%
UTAH----28.83M
UTAH Growth-----
Flagstaff Arizona----21.79M
Flagstaff Arizona Growth-----
Birmingham UK----14.69M
Birmingham UK Growth-----
Idaho Falls Id----11.21M
Idaho Falls Id Growth-----
Italy Spain and United Kingdom--4.48M4.22M4.16M
Italy Spain and United Kingdom Growth----5.65%-1.47%
NEW JERSEY---39.08M-
NEW JERSEY Growth-----
Europe-26M---
Europe Growth-----
Property Four16.39M----
Property Four Growth-----
Property Eight16.32M----
Property Eight Growth-----

Frequently Asked Questions

Growth & Financials

Medical Properties Trust, Inc. (MPW) reported $936.9M in revenue for fiscal year 2024. This represents a 608% increase from $132.3M in 2011.

Medical Properties Trust, Inc. (MPW) grew revenue by 14.2% over the past year. This is steady growth.

Medical Properties Trust, Inc. (MPW) reported a net loss of $707.4M for fiscal year 2024.

Dividend & Returns

Yes, Medical Properties Trust, Inc. (MPW) pays a dividend with a yield of 10.37%. This makes it attractive for income-focused investors.

Medical Properties Trust, Inc. (MPW) has a return on equity (ROE) of -38.7%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Medical Properties Trust, Inc. (MPW) generated Funds From Operations (FFO) of $-463.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Medical Properties Trust, Inc. (MPW) offers a 10.37% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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