Key Developments: Medical Properties Trust Inc (MPW.N)
8.87USD
1 Jun 2012
$-0.13 (-1.44%)
$9.00
$8.80
$8.93
$8.80
386,264
1,009,873
$12.65
$8.17
Latest Key Developments
Medical Properties Trust Inc Declares Regular Quarterly Dividend Of $0.20 Per Share
Medical Properties Trust Inc announced that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share of common stock to be paid on July 12, 2012 to stockholders of record on June 14, 2012. Full Article
Medical Properties Trust Inc Issues FY 2012 FFO Guidance Below Analysts' Estimates; Declares Quarterly Dividend
Medical Properties Trust Inc announced that for fiscal 2012, it expects normalized FFO per share to be $0.85 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.88 for fiscal 2012. The Company also announced that its Board of Directors declared a quarterly dividend of $0.20 per share of common stock, which was paid on April 12, 2012 to stockholders of record on March 15, 2012. Full Article
Medical Properties Trust Inc Declares Dividend
Medical Properties Trust Inc announced that its Board of Directors declared a cash dividend of $0.20 per share of common stock to be paid on April 12, 2012 to stockholders of record on March 15, 2012. Full Article
Medical Properties Trust Inc Announces Pricing Of $200 Million Aggregate Principal Amount Of 6.375% Senior Notes Offering
Medical Properties Trust Inc announced that the previously announced public offering of $200 million aggregate principal amount of senior notes due 2022 by its operating partnership, MPT Operating Partnership, L.P., a Delaware limited partnership, and MPT Finance Corporation, a Delaware corporation and wholly owned subsidiary of the Operating Partnership, priced with a coupon of 6.375%, at an issue price of 100%. J.P. Morgan, BofA Merrill Lynch, Deutsche Bank Securities and RBC Capital Markets are acting as joint book-running managers, KeyBanc Capital Markets and SunTrust Robinson Humphrey are acting as lead managers, and Raymond James and Morgan Keegan are acting as co-managers for the offering. The Notes will be senior unsecured obligations of the Issuers, guaranteed by the Company and by certain subsidiaries of the Operating Partnership. The Operating Partnership intends to use the net proceeds from the offering of Notes, together with borrowings and net proceeds from other financing arrangements, to fund the anticipated acquisition of Ernest Health, Inc. and related transactions, which the Company announced on January 31, 2012, and for general corporate purposes, including debt repayment and funding future acquisitions and investments. The offering of the Notes is expected to close on February 17, 2012 Full Article
Medical Properties Trust, Inc. Announces Public Offering Of $200 Million Of Senior Notes By Operating Partnership And MPT Finance Corporation
Medical Properties Trust, Inc. announced that its operating partnership, MPT Operating Partnership, L.P., a Delaware limited partnership (the Operating Partnership), and MPT Finance Corporation, a Delaware corporation and wholly owned subsidiary of the Operating Partnership (MPT Finance, and together with the Operating Partnership, the Issuers), are offering $200 million aggregate principal amount of senior notes due 2022 (the Notes). J.P. Morgan, BofA Merrill Lynch, Deutsche Bank Securities and RBC Capital Markets will act as joint-book running managers for the proposed offering. The Notes will be senior unsecured obligations of the Issuers, guaranteed by the Company and by certain subsidiaries of the Operating Partnership. The Operating Partnership intends to use the net proceeds from the offering of Notes, together with borrowings and net proceeds from other financing arrangements, to fund the anticipated acquisition of Ernest Health, Inc. and related transactions (the Ernest Acquisition Transactions), which the Company announced on January 31, 2012, and for general corporate purposes, including debt repayment and funding future acquisitions and investments. Full Article
Medical Properties Trust, Inc. Announces Pricing of Public Offering of 20.5 Million Shares of Common Stock
Medical Properties Trust, Inc. announced that it priced its underwritten public offering of 20,500,000 shares of common stock (Offering) at $9.75 per share. The Company has granted the underwriters a 30-day option to purchase up to 3,075,000 additional shares of common stock. The Company estimates that the net proceeds from the Offering after underwriting discounts and commissions and estimated offering expenses, will be approximately $189,880,000 or approximately $218,662,000 if the underwriters' option to purchase additional shares is exercised in full. BofA Merrill Lynch, J.P. Morgan, Deutsche Bank Securities, KeyBanc Capital Markets and RBC Capital Markets are acting as joint bookrunning managers for the Offering; SunTrust Robinson Humphrey as lead manager; and Morgan Keegan, Raymond James, JMP Securities and Stifel Nicolaus Weisel as co-managers. The Company intends to use the net proceeds from the Offering to fund a portion of the consideration for the acquisition of assets from and loans to Ernest Health, Inc. (the "Ernest Acquisition Transactions"), which were announced yesterday, January 31, 2012. The Offering is not conditioned on the completion of the transactions with Ernest Health, Inc. The Offering is expected to close on February 7, 2012. Full Article
Medical Properties Trust, Inc. Announces Public Offering Of Common Stock
Medical Properties Trust, Inc. announced that it plans to make a public offering of its common stock. BofA Merrill Lynch, J.P. Morgan, Deutsche Bank Securities, KeyBanc Capital Market and RBC Capital Markets will act as joint-book running managers for the proposed offering. SunTrust Robinson Humphrey will serve as lead manager. The Company intends to use the net proceeds from the offering to fund a portion of the consideration for the acquisition of assets from and loans to Ernest Health, Inc. (the “Ernest Acquisition Transactions”), which were also announced today. The offering is not conditioned on the completion of the transactions with Ernest Health, Inc. Full Article
Medical Properties Trust, Inc. Announces $400 Million Transaction With Ernest Health, Inc.
Medical Properties Trust, Inc. announced that it has agreed to a series of transactions with Ernest Health, Inc. that will add 16 existing post acute care hospitals to MPT’s investment portfolio for approximately $300 million. In addition, the Company will acquire a percentage of Ernest Health’s operations, in partnership with Ernest Health’s management team. This $400 million transaction increases Medical Properties Trust’s overall assets by 25%, to more than $2.0 billion. Upon completion of the transactions, which is subject to regulatory and other customary conditions, MPT is expected to have investments in 78 hospital facilities in 24 states, total assets of approximately $2.0 billion and no tenant group that represents more than 20% of its total assets. The transactions are expected to add approximately $0.19 per share in funds from operations in the 12 months following the closing, which is anticipated to occur during the first quarter of 2012. Based on MPT’s recently disclosed expectations of future FFO, the incremental FFO from the Ernest transactions will represent an increase of 26%. Full Article
Medical Properties Trust, Inc. Declares Dividend
Medical Properties Trust, Inc. announced that its Board of Directors declared a cash dividend of $0.20 per share of common stock to be paid on January 5, 2012 to stockholders of record on December 8, 2011. Full Article
Medical Properties Trust, Inc. Raises FY 2011 FFO Guidance-Conference Call
Medical Properties Trust, Inc. based solely on the September 30, 2011, portfolio, plus the Hoboken transaction, and as if Florence development project was complete, which the Company expect to be in the first quarter of 2012, the Company estimate fiscal 2011 annualized, normalized funds from operations (FFO) would approximate $0.76 to $0.80 share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.74 for fiscal 2011. Full Article
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