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Medical Properties Trust

NYSE:MPW
Snowflake Description

Outstanding track record 6 star dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MPW
NYSE
$7B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Medical Properties Trust, Inc. is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. The last earnings update was 11 days ago. More info.


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MPW Share Price and Events
7 Day Returns
-0.7%
NYSE:MPW
0.3%
US REITs
1.2%
US Market
1 Year Returns
43.4%
NYSE:MPW
13.4%
US REITs
0.9%
US Market
MPW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Medical Properties Trust (MPW) -0.7% 7.4% 10.5% 43.4% 65.4% 40.2%
US REITs 0.3% 7.6% 4.8% 13.4% 20% 27%
US Market 1.2% 6.6% 1.2% 0.9% 44.3% 41.3%
1 Year Return vs Industry and Market
  • MPW outperformed the REITs industry which returned 13.4% over the past year.
  • MPW outperformed the Market in United States of America which returned 0.9% over the past year.
Price Volatility
MPW
Industry
5yr Volatility vs Market

Value

 Is Medical Properties Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Medical Properties Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Medical Properties Trust.

NYSE:MPW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:MPW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.551 (1 + (1- 21%) (59.3%))
0.81
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.81 * 7.27%)
8.62%

Discounted Cash Flow Calculation for NYSE:MPW using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Medical Properties Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

Medical Properties Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:MPW DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Adjusted Funds From Operations (AFFO) (USD, Millions) 446.30 522.77 506.79 522.15 522.50
Source Analyst x6 Analyst x6 Analyst x1 Analyst x1 Analyst x1
Present Value
Discounted (@ 8.62%)
410.90 443.13 395.51 375.17 345.64
Present value of next 5 years cash flows $1,970.35
NYSE:MPW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $522.50 × (1 + 2.73%) ÷ (8.62% – 2.73%)
$9,120.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $9,120.24 ÷ (1 + 8.62%)5
$6,033.22
NYSE:MPW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $1,970.35 + $6,033.22
$8,003.56
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,003.56 / 370.80
$21.58
NYSE:MPW Discount to Share Price
Calculation Result
Value per share (USD) From above. $21.58
Current discount Discount to share price of $18.36
= -1 x ($18.36 - $21.58) / $21.58
14.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Medical Properties Trust is available for.
Intrinsic value
15%
Share price is $18.36 vs Future cash flow value of $21.58
Current Discount Checks
For Medical Properties Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Medical Properties Trust's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Medical Properties Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Medical Properties Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Medical Properties Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MPW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.77
NYSE:MPW Share Price ** NYSE (2019-02-15) in USD $18.36
United States of America REITs Industry PE Ratio Median Figure of 154 Publicly-Listed REITs Companies 33.11x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 16.97x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Medical Properties Trust.

NYSE:MPW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MPW Share Price ÷ EPS (both in USD)

= 18.36 ÷ 2.77

6.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Medical Properties Trust is good value based on earnings compared to the US REITs industry average.
  • Medical Properties Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Medical Properties Trust's expected growth come at a high price?
Raw Data
NYSE:MPW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-23.9%per year
United States of America REITs Industry PEG Ratio Median Figure of 139 Publicly-Listed REITs Companies 0.88x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

NYSE:MPW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.62x ÷ -23.9%

-0.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Medical Properties Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Medical Properties Trust's assets?
Raw Data
NYSE:MPW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $12.27
NYSE:MPW Share Price * NYSE (2019-02-15) in USD $18.36
United States of America REITs Industry PB Ratio Median Figure of 192 Publicly-Listed REITs Companies 1.74x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.82x
NYSE:MPW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MPW Share Price ÷ Book Value per Share (both in USD)

= 18.36 ÷ 12.27

1.5x

* Primary Listing of Medical Properties Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Medical Properties Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Medical Properties Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Medical Properties Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Medical Properties Trust expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-23.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Medical Properties Trust expected to grow at an attractive rate?
  • Medical Properties Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Medical Properties Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Medical Properties Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MPW Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MPW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -23.9%
NYSE:MPW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 4.3%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 1%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:MPW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MPW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 942 462 1
2022-12-31 934 691 464 1
2021-12-31 894 674 452 1
2020-12-31 954 632 435 4
2019-12-31 826 622 376 3
NYSE:MPW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 785 1,013
2018-09-30 819 442 1,008
2018-06-30 799 405 349
2018-03-31 763 394 311
2017-12-31 715 363 288
2017-09-30 655 316 260
2017-06-30 606 282 254
2017-03-31 566 260 235
2016-12-31 540 265 224
2016-09-30 517 243 240
2016-06-30 505 257 192
2016-03-31 479 234 161

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Medical Properties Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Medical Properties Trust's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MPW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Medical Properties Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MPW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.08 1.15 0.97 5.00
2019-12-31 0.98 1.05 0.84 6.00
NYSE:MPW Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.77
2018-09-30 2.76
2018-06-30 0.96
2018-03-31 0.86
2017-12-31 0.82
2017-09-30 0.77
2017-06-30 0.82
2017-03-31 0.83
2016-12-31 0.86
2016-09-30 1.00
2016-06-30 0.82
2016-03-31 0.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Medical Properties Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Medical Properties Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Medical Properties Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Medical Properties Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Medical Properties Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Medical Properties Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Medical Properties Trust's 1-year earnings growth exceeds its 5-year average (251.3% vs 53.2%)
  • Medical Properties Trust's earnings growth has exceeded the US REITs industry average in the past year (251.3% vs 17.3%).
Earnings and Revenue History
Medical Properties Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Medical Properties Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MPW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 784.52 1,013.00 80.09
2018-09-30 818.96 1,008.24 73.66
2018-06-30 798.55 348.87 67.69
2018-03-31 763.45 310.95 63.22
2017-12-31 714.80 288.38 58.60
2017-09-30 654.51 260.45 56.38
2017-06-30 605.73 254.27 53.67
2017-03-31 566.42 234.55 50.64
2016-12-31 540.02 224.49 48.91
2016-09-30 517.26 239.57 47.14
2016-06-30 504.51 192.16 45.61
2016-03-31 478.66 160.72 44.21
2015-12-31 444.73 138.57 43.64
2015-09-30 395.37 95.22 43.76
2015-06-30 362.26 100.78 41.66
2015-03-31 337.85 78.23 39.22
2014-12-31 315.09 49.63 37.27
2014-09-30 301.21 48.06 34.74
2014-06-30 280.23 44.87 32.35
2014-03-31 261.28 70.06 31.26
2013-12-31 246.08 88.35 30.06
2013-09-30 233.91 97.51 28.38
2013-06-30 226.87 94.94 29.15
2013-03-31 217.91 88.50 28.74
2012-12-31 201.07 71.81 28.56
2012-09-30 177.89 54.79 28.13
2012-06-30 158.62 29.98 26.82
2012-03-31 142.48 12.58 27.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Medical Properties Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Medical Properties Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Medical Properties Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Medical Properties Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Medical Properties Trust has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Medical Properties Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Medical Properties Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Medical Properties Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Medical Properties Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Medical Properties Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Medical Properties Trust Company Filings, last reported 1 month ago.

NYSE:MPW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,560.94 4,037.39 820.87
2018-09-30 4,486.51 4,043.85 710.97
2018-06-30 3,845.46 4,864.26 146.57
2018-03-31 3,853.19 4,898.36 138.31
2017-12-31 3,835.21 4,898.67 171.47
2017-09-30 3,841.20 4,832.26 188.22
2017-06-30 3,832.21 3,221.05 236.36
2017-03-31 3,256.57 3,277.99 446.95
2016-12-31 3,253.23 2,909.34 83.24
2016-09-30 3,165.97 2,728.95 1,094.92
2016-06-30 2,167.24 2,759.94 181.56
2016-03-31 2,136.15 3,398.70 206.41
2015-12-31 2,107.27 3,325.44 195.54
2015-09-30 2,112.60 3,368.12 332.24
2015-06-30 1,795.88 2,267.56 45.90
2015-03-31 1,795.70 1,887.82 33.55
2014-12-31 1,382.05 2,180.65 144.54
2014-09-30 1,407.11 1,625.68 132.81
2014-06-30 1,412.95 1,648.15 201.12
2014-03-31 1,430.98 1,480.35 54.81
2013-12-31 1,344.21 1,430.68 45.98
2013-09-30 1,358.57 1,096.67 16.82
2013-06-30 1,222.84 938.97 31.57
2013-03-31 1,221.57 911.83 75.68
2012-12-31 1,049.81 1,037.66 37.31
2012-09-30 1,033.16 1,038.38 36.16
2012-06-30 1,027.58 913.00 127.64
2012-03-31 1,034.75 911.93 126.50
  • Medical Properties Trust's level of debt (88.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (106.4% vs 88.5% today).
  • Debt is not well covered by operating cash flow (11%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Medical Properties Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Medical Properties Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Medical Properties Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.45%
Current annual income from Medical Properties Trust dividends. Estimated to be 5.84% next year.
If you bought $2,000 of Medical Properties Trust shares you are expected to receive $109 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Medical Properties Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Medical Properties Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:MPW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1998 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:MPW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.20 2.00
2022-12-31 1.15 2.00
2021-12-31 1.10 3.00
2020-12-31 1.07 8.00
2019-12-31 1.02 9.00
NYSE:MPW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-14 1.000 5.451
2018-11-15 1.000 5.905
2018-08-16 1.000 6.688
2018-05-24 1.000 7.086
2018-02-15 1.000 7.812
2017-11-09 0.960 7.225
2017-08-17 0.960 7.310
2017-05-25 0.960 7.423
2017-02-16 0.960 7.329
2016-11-10 0.920 7.378
2016-08-18 0.920 6.436
2016-05-19 0.920 6.091
2016-02-19 0.880 6.850
2015-11-12 0.880 7.947
2015-08-20 0.880 7.716
2015-05-14 0.880 6.615
2015-02-23 0.880 6.035
2014-11-13 0.840 5.901
2014-08-21 0.840 6.355
2014-05-15 0.840 6.307
2014-02-21 0.840 6.428
2013-11-08 0.840 6.584
2013-08-15 0.800 6.420
2013-05-23 0.800 5.468
2013-02-14 0.800 5.096
2012-10-31 0.800 6.547
2012-08-16 0.800 7.497
2012-05-17 0.800 8.528
2012-02-16 0.800 8.577
2011-11-10 0.800 8.168
2011-08-18 0.800 8.203
2011-05-19 0.800 7.010
2011-02-17 0.800 6.921
2010-11-11 0.800 7.473
2010-08-19 0.800 7.690
2010-05-20 0.800 8.376
2010-02-18 0.800 7.724
2009-11-19 0.800 8.015
2009-08-20 0.800 9.895
2009-05-21 0.800 12.324
2009-02-24 0.800 18.780
2009-02-19 0.800 22.523

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Medical Properties Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (537.6x coverage).
X
Income/ dividend checks
We assess Medical Properties Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Medical Properties Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Medical Properties Trust has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Medical Properties Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ed Aldag
COMPENSATION $7,605,591
AGE 54
TENURE AS CEO 15.5 years
CEO Bio

Mr. Edward K. Aldag, Jr., also known as Ed, is a Co-Founder of Medical Properties Trust, Inc. and has been its President and Chief Executive Officer since August 2003. Mr. Aldag served as the Secretary at Medical Properties Trust Inc. from August 2003 to March 2005. He served as an Executive Officer at Medical Properties Trust Inc.'s predecessor from its inception in August 2002 to August 2003. From 1986 to 2001, Mr. Aldag managed two private real estate companies, Guilford Capital Corporation and Guilford Medical Properties, Inc. He served as the President at Guilford Medical Properties, Inc. and its Director. He has been Chairman of Medical Properties Trust, Inc. since March 2004 and served as its Vice Chairman from August 2003 to March 2004. He has been a Trustee at The Children's Hospital Of Alabama since 2017. He has been a Director at Medical Properties Trust, Inc. since 2004. Mr. Aldag served as the President and Director of Guilford Capital Corporation from 1990 to 2001 and as Executive Vice President and Chief Operating Officer from 1990 to 1998. He has been Director at Birmingham Business Alliance since December 6, 2016. He received his B.S. in Commerce & Business from the University of Alabama in 1986 with a major in Corporate Finance.

CEO Compensation
  • Ed's compensation has increased by more than 20% in the past year.
  • Ed's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Medical Properties Trust management team in years:

9.3
Average Tenure
54
Average Age
  • The average tenure for the Medical Properties Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ed Aldag

TITLE
Chairman
COMPENSATION
$8M
AGE
54
TENURE
15.5 yrs

Emmett McLean

TITLE
Co-Founder
COMPENSATION
$3M
AGE
63
TENURE
15.4 yrs

Steve Hamner

TITLE
Executive VP
COMPENSATION
$4M
AGE
61
TENURE
15.4 yrs

James Hanna

TITLE
Chief Accounting Officer
AGE
45
TENURE
3.1 yrs

Tim Berryman

TITLE
Director

Rosa Hooper

TITLE
VP & MD of Asset Management and Underwriting
TENURE
3.1 yrs

Charles Lambert

TITLE
Treasurer & MD of Capital Markets
AGE
47
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Medical Properties Trust board of directors in years:

4.4
Average Tenure
55
Average Age
  • The tenure for the Medical Properties Trust board of directors is about average.
Board of Directors

Ed Aldag

TITLE
Chairman
COMPENSATION
$8M
AGE
54
TENURE
14.9 yrs

Steve Hamner

TITLE
Executive VP
COMPENSATION
$4M
AGE
61
TENURE
14 yrs

Steve Dawson

TITLE
Director
COMPENSATION
$210K
AGE
61
TENURE
14.8 yrs

D. Sparks

TITLE
Director
COMPENSATION
$205K
AGE
55
TENURE
4.4 yrs

C. Thompson

TITLE
Director
COMPENSATION
$185K
AGE
55
TENURE
2.5 yrs

Mike Stewart

TITLE
Lead Director
COMPENSATION
$207K
AGE
63
TENURE
3.1 yrs

Beth Pitman

TITLE
Director
AGE
54
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • Medical Properties Trust insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Feb 19 Sell James Hanna Individual 11. Feb 19 11. Feb 19 -18,000 $18.37 $-330,660
06. Dec 18 Sell Emmett McLean Individual 04. Dec 18 04. Dec 18 -50,000 $17.40 $-870,000
06. Dec 18 Sell Michael Stewart Individual 04. Dec 18 04. Dec 18 -5,800 $17.39 $-100,862
29. Nov 18 Sell Edward Aldag Individual 28. Nov 18 28. Nov 18 -43,065 $16.78 $-722,631
15. Oct 18 Sell Michael Stewart Individual 12. Oct 18 12. Oct 18 -12,400 $14.13 $-175,212
24. Aug 18 Sell Emmett McLean Individual 22. Aug 18 22. Aug 18 -100,000 $14.93 $-1,493,000
20. Aug 18 Sell James Hanna Individual 17. Aug 18 17. Aug 18 -15,000 $14.84 $-222,600
09. Aug 18 Sell Michael Stewart Individual 07. Aug 18 07. Aug 18 -3,409 $14.76 $-50,317
08. Aug 18 Sell R. Hamner Individual 06. Aug 18 06. Aug 18 -35,000 $14.73 $-515,550
16. Jul 18 Sell G. Dawson Individual 12. Jul 18 12. Jul 18 -5,662 $14.41 $-81,589
16. Jul 18 Buy G. Dawson Individual 12. Jul 18 12. Jul 18 5,662 $14.41 $81,589
29. Mar 18 Sell Edward Aldag Individual 27. Mar 18 27. Mar 18 -116,216 $12.56 $-1,459,673
X
Management checks
We assess Medical Properties Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Medical Properties Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Medical Properties Trust, Inc. (NYSE:MPW) A High Quality Stock To Own?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Medical Properties Trust, Inc. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Who Has Been Selling Medical Properties Trust, Inc. (NYSE:MPW) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Medical Properties Trust, Inc. … The Last 12 Months Of Insider Transactions At Medical Properties Trust. … We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price

Simply Wall St -

Is Medical Properties Trust Inc (NYSE:MPW) A Healthy REIT?

Medical Properties Trust Inc is a US$6.2b. … real estate investment trust (REIT) based in Birmingham, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.

Simply Wall St -

Why Medical Properties Trust Inc (NYSE:MPW) Could Be Your Next Investment

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Medical Properties Trust Inc (NYSE:MPW), it

Simply Wall St -

A Closer Look At Medical Properties Trust Inc's (NYSE:MPW) Impressive ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding Medical Properties Trust Inc (NYSE:MPW). … Medical Properties Trust has a ROE of 9.2%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Who Are The Top Investors In Medical Properties Trust Inc (NYSE:MPW)?

I am going to take a deep dive into Medical Properties Trust Inc’s (NYSE:MPW) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … NYSE:MPW Ownership Summary August 29th 18

Simply Wall St -

Medical Properties Trust Inc (NYSE:MPW) Has Attractive Fundamentals, Here's Why

Medical Properties Trust Inc (NYSE:MPW) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of MPW, it.

Simply Wall St -

Did Medical Properties Trust Inc (NYSE:MPW) Create Value For Shareholders?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between company’s fundamentals and stock market performance. … This can be measured by looking at the company’s financial leverage.

Simply Wall St -

Why You Shouldn't Look At Medical Properties Trust Inc's (NYSE:MPW) Bottom Line

Medical Properties Trust Inc is a US$5.07b. … real estate investment trust (REIT) based in Birmingham, United States. … See our latest analysis for Medical Properties Trust

Simply Wall St -

Medical Properties Trust Inc (NYSE:MPW): Dividend Is Coming In 4 Days, Should You Buy?

Have you been keeping an eye on Medical Properties Trust Inc's (NYSE:MPW) upcoming dividend of $0.25 per share payable on the 12 July 2018? … Below, I will explain how holding Medical Properties Trust can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … Check out our latest analysis for Medical Properties Trust?

Simply Wall St -

Company Info

Map
Description

Medical Properties Trust, Inc. is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT’s financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. Facilities include acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and other medical and surgical facilities.

Details
Name: Medical Properties Trust, Inc.
MPW
Exchange: NYSE
Founded: 2003
$6,807,938,490
$6,803,678,970
370,802,750
Website: http://www.medicalpropertiestrust.com
Address: Medical Properties Trust, Inc.
1000 Urban Center Drive,
Suite 501,
Birmingham,
Alabama, 35242,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MPW Common Stock New York Stock Exchange US USD 08. Jul 2005
DB M3P Common Stock Deutsche Boerse AG DE EUR 08. Jul 2005
LSE 0JZZ Common Stock London Stock Exchange GB USD 08. Jul 2005
Number of employees
Current staff
Staff numbers
69
Medical Properties Trust employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 02:00
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/13
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.