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Medical Properties Trust

NYSE:MPW
Snowflake Description

Outstanding track record, undervalued and pays a dividend.

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 that provides capital to hospitals located throughout the U.S. The last earnings update was 67 days ago. More info.


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MPW Share Price and Events
7 Day Returns
-0.8%
NYSE:MPW
-0.4%
US REITs
0.8%
US Market
1 Year Returns
29.1%
NYSE:MPW
9.3%
US REITs
4.8%
US Market
MPW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Medical Properties Trust (MPW) -0.8% 1.4% 6% 29.1% 17.2% 38.7%
US REITs -0.4% -0.2% 2.7% 9.3% 4.6% 24.3%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • MPW outperformed the REITs industry which returned 9.3% over the past year.
  • MPW outperformed the Market in United States of America which returned 4.8% 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 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
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 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.476 (1 + (1- 21%) (56.23%))
0.791
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

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 try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd 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 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2020 564.69 Analyst x6 525.30
2021 658.31 Analyst x2 569.68
2022 711.15 Analyst x1 572.48
2023 730.38 Analyst x1 546.95
2024 778.60 Est @ 6.6% 542.39
2025 820.96 Est @ 5.44% 532.01
2026 858.94 Est @ 4.63% 517.80
2027 893.80 Est @ 4.06% 501.23
2028 926.51 Est @ 3.66% 483.33
2029 957.83 Est @ 3.38% 464.82
Present value of next 10 years cash flows $5,255.99
NYSE:MPW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $957.83 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$20,637.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $20,637.16 ÷ (1 + 7.5%)10
$10,014.89
NYSE:MPW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,255.99 + $10,014.89
$15,270.88
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $15,270.88 / 394.59
$38.7
NYSE:MPW Discount to Share Price
Calculation Result
Value per share (USD) From above. $38.70
Current discount Discount to share price of $18.29
= -1 x ($18.29 - $38.70) / $38.70
52.7%

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
>50%
Share price is $18.29 vs Future cash flow value of $38.7
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, and at a moderate discount (> 20%).
  • Medical Properties Trust's share price is below the future cash flow value, and 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 (2019-03-31) in USD $2.70
NYSE:MPW Share Price ** NYSE (2019-07-15) in USD $18.29
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 33.28x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

* 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)

= 18.29 ÷ 2.70

6.77x

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 6.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
4.5%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 1.99x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*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

= 6.77x ÷ 4.5%

1.5x

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

  • Medical Properties Trust is poor value based on expected growth next year.
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 (2019-03-31) in USD $12.45
NYSE:MPW Share Price * NYSE (2019-07-15) in USD $18.29
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.8x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NYSE:MPW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 18.29 ÷ 12.45

1.47x

* 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 5/6, 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 6 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
4.5%
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 growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Medical Properties Trust's earnings growth is positive but not above the United States of America market average.
  • Medical Properties Trust's revenue growth is expected to exceed 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 6 Analysts 4.5%
NYSE:MPW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 10.1%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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 (3 months ago) See Below
Future Estimates Average of up to 6 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 1,157 592 1
2022-12-31 1,128 583 1
2021-12-31 1,023 523 1
2020-12-31 959 641 441 4
2019-12-31 791 427 341 5
NYSE:MPW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 760 441 998
2018-12-31 785 449 1,013
2018-09-30 812 441 1,008
2018-06-30 792 404 349
2018-03-31 757 393 311
2017-12-31 705 362 288
2017-09-30 655 316 260
2017-06-30 606 282 254
2017-03-31 566 260 235
2016-12-31 541 264 224
2016-09-30 517 243 240
2016-06-30 505 257 192

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Medical Properties Trust's earnings are expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
  • Medical Properties Trust's revenue is expected to grow by 10.1% 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 (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Medical Properties Trust Company Filings, last reported 3 months 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 1.02 1.09 0.92 5.00
2019-12-31 0.86 0.91 0.80 6.00
NYSE:MPW Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.70
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

*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.
  • Unable to establish if Medical Properties Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
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 2/6, 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 (220.9% vs 55.4%)
  • Medical Properties Trust's earnings growth has exceeded the US REITs industry average in the past year (220.9% vs 16%).
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 3 months 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
2019-03-31 760.38 997.94 85.72
2018-12-31 784.52 1,013.00 80.09
2018-09-30 812.18 1,008.24 73.66
2018-06-30 791.76 348.87 67.69
2018-03-31 756.67 310.95 63.22
2017-12-31 704.75 288.38 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
2016-12-31 541.14 224.49 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

*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 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 0.6x 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 3 months ago.

NYSE:MPW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,890.48 4,023.57 995.55
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
  • Medical Properties Trust's level of debt (82.3%) 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 (103.6% vs 82.3% 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
5.47%
Current annual income from Medical Properties Trust dividends. Estimated to be 5.78% 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 (1.41%).
  • Medical Properties Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
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 6 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
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 3.7%

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 1.16 2.00
2022-12-31 1.12 2.00
2021-12-31 1.08 3.00
2020-12-31 1.06 7.00
2019-12-31 1.00 7.00
NYSE:MPW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-23 1.000 5.534
2019-02-14 1.000 5.505
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
2008-12-04 0.800 15.295
2008-08-21 1.080 13.938

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen 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 (704.2x 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 4/6, 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 $13,213,265
AGE 55
TENURE AS CEO 15.9 years
CEO Bio

Mr. Edward K. Aldag, Jr., also known as Ed, is a Founder of Medical Properties Trust, Inc. and has been its President and Chief Executive Officer since August 2003. He serves as Director of Infracore SA since 2019. 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 been consistent with company performance over the past year, both up more than 20%.
  • Ed's remuneration is higher than 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:

3.5
Average Tenure
55
Average Age
  • The tenure for the Medical Properties Trust management team is about average.
Management Team

Ed Aldag

TITLE
Founder
COMPENSATION
$13M
AGE
55
TENURE
15.9 yrs

Emmett McLean

TITLE
Founder
COMPENSATION
$6M
AGE
64

Steve Hamner

TITLE
Founder
COMPENSATION
$7M
AGE
62

James Hanna

TITLE
Chief Accounting Officer
AGE
46
TENURE
3.5 yrs

Tim Berryman

TITLE
Director of Investor Relations

Rosa Hooper

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

Jamey Ramsey

TITLE
Managing Director of Tax

Charles Lambert

TITLE
Treasurer & MD of Capital Markets
AGE
48
TENURE
1.4 yrs
Board of Directors Tenure

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

4.8
Average Tenure
56
Average Age
  • The tenure for the Medical Properties Trust board of directors is about average.
Board of Directors

Ed Aldag

TITLE
Founder
COMPENSATION
$13M
AGE
55
TENURE
15.3 yrs

Steve Hamner

TITLE
Founder
COMPENSATION
$7M
AGE
62
TENURE
14.4 yrs

Steve Dawson

TITLE
Director
COMPENSATION
$224K
AGE
62
TENURE
15.3 yrs

D. Sparks

TITLE
Director
COMPENSATION
$219K
AGE
56
TENURE
4.8 yrs

C. Thompson

TITLE
Director
COMPENSATION
$219K
AGE
56
TENURE
2.9 yrs

Mike Stewart

TITLE
Lead Director
COMPENSATION
$229K
AGE
64
TENURE
3.5 yrs

Beth Pitman

TITLE
Director
COMPENSATION
$175K
AGE
55
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • Medical Properties Trust individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
10. Jun 19 Sell Michael Stewart Individual 07. Jun 19 07. Jun 19 -6,830 $18.47 $-126,150
22. Mar 19 Sell Edward Aldag Individual 22. Mar 19 22. Mar 19 -273,577 $18.72 $-5,121,361
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
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

Should You Consider Medical Properties Trust, Inc. (NYSE:MPW)?

Today I've chosen to put the spotlight on Medical Properties Trust, Inc. … For those interested in digging a bit deeper into my commentary, take a look at the report on Medical Properties Trust here. … NYSE:MPW Historical Dividend Yield, July 10th 2019 Next Steps: For Medical Properties Trust, I've put together three key factors you should look at: Future Outlook: What are well-informed industry analysts predicting for MPW’s future growth?

Simply Wall St -

Investing In Medical Properties Trust, Inc. (NYSE:MPW): What You Need To Know

Check out our latest analysis for Medical Properties Trust A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent. … Next Steps: As a REIT, Medical Properties Trust offers some unique characteristics which could help diversify your portfolio. … Take a look at our free research report of analyst consensus for MPW’s outlook.

Simply Wall St -

Medical Properties Trust, Inc. (NYSE:MPW) Goes Ex-Dividend In 4 Days

Medical Properties Trust's next dividend payment will be US$0.25 per share, on the back of last year when the company paid a total of US$1.00 to shareholders. … Based on the last year's worth of payments, Medical Properties Trust has a trailing yield of 5.5% on the current stock price of $18.11. … Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising.

Simply Wall St -

Does Medical Properties Trust, Inc.'s (NYSE:MPW) CEO Pay Matter?

Check out our latest analysis for Medical Properties Trust How Does Ed Aldag's Compensation Compare With Similar Sized Companies? … You can see, below, how CEO compensation at Medical Properties Trust has changed over time. … Boasting a total shareholder return of 57% over three years, Medical Properties Trust, Inc.

Simply Wall St -

Could Medical Properties Trust, Inc. (NYSE:MPW) Have The Makings Of Another Dividend Aristocrat?

Dividend paying stocks like Medical Properties Trust, Inc. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Medical Properties Trust has grown its earnings per share at 36% per annum over the past five years. … Medical Properties Trust's is paying out more than half its income as dividends, but at least the dividend is covered both by reported earnings and cashflow.

Simply Wall St -

Need To Know: Medical Properties Trust, Inc. (NYSE:MPW) Insiders Have Been Selling Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Medical Properties Trust, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Medical Properties Trust.

Simply Wall St -

What Kind Of Shareholders Own Medical Properties Trust, Inc. (NYSE:MPW)?

A look at the shareholders of Medical Properties Trust, Inc. … Generally speaking, as a company grows, institutions will increase their ownership. … Medical Properties Trust is a pretty big company.

Simply Wall St -

How To Look At Medical Properties Trust, Inc. (NYSE:MPW)

Medical Properties Trust, Inc. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent … FFO is a cleaner and more representative figure of how much MPW actually makes from its day-to-day operations, compared to net income, which can be affected by one-off activities or non-cash items such as depreciation

Simply Wall St -

Does Medical Properties Trust's Share Price Gain of 60% Match Its Business Performance?

(NYSE:MPW) share price is up 60% in the last three years, slightly above the market return. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, Medical Properties Trust achieved compound earnings per share growth of 63% per year.

Simply Wall St -

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 -

Company Info

Description

Medical Properties Trust, Inc. is a self-advised real estate investment trust that provides capital to hospitals located throughout the U.S. and other countries. We focus exclusively on hospitals, which is where the highest intensity of care is provided to patients. MPT is currently the second-largest non-governmental owner of hospital beds in the U.S. Our financing model allows owners of hospitals to unlock the value of their underlying real estate, primarily through sale leaseback transactions.

Details
Name: Medical Properties Trust, Inc.
MPW
Exchange: NYSE
Founded: 2003
$7,303,864,879
$7,212,809,155
394,590,215
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
77
Medical Properties Trust employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 00:00
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
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.