Medical Properties Trust Q1 Profit Rises; But Revenue Below View

(RTTNews) - Medical Properties Trust, Inc. (MPW) reported that its first-quarter net income rose to $81.0 million or $0.15 per share from $75.8 million or $0.20 per share last year.

MPW closed Wednesday's trading at $17.30, up $0.84 or 5.10%, on NYSE. The stock further gained $0.70 or 4.05% in the after-hours trade.

Normalized funds from operations or NFFO was $191.2 million or $0.37 per share, compared to $117.8 million or $0.31 per share a year go.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.28 for the quarter. Analysts' estimates typically exclude special items.

Quarterly total revenues were $294.13 million, up from $180.58 million in the prior year. Analysts expected revenue of $304.21 million for the quarter.

The company reaffirmed its estimated annualized NFFO run rate range including $1.14 to $1.17 per share for net income and $1.65 to $1.68 per share for NFFO normalized funds from operations.