Medical Properties Trust, Inc. MPT
Medical Properties Trust, Inc. functions as a self-managed real estate investment trust (REIT). The company specializes in the financing, acquisition, and construction of healthcare properties, all structured under net-lease agreements. Its extensive property holdings encompass a diverse array of medical establishments, such as rehabilitation centers, extended-stay acute care hospitals, outpatient surgical facilities, hospitals catering to women and children, community and regional general hospitals, medical office complexes, and various other specialized care sites. The trust was established in 2003 by its co-founders, Edward K. Aldag Jr., R. Steven Hamner, Emmett E. McLean, and William Gilliard McKenzie, with its principal offices situated in Birmingham, Alabama.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-26 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Normalized FFO / leverage are from the Q1 2026 earnings release (filed 2026-04-30) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model MPT yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $972.02M | $-277.05M | $272.82M | $545.86M | $230.77M |
| 2024 | $995.55M | $-2.41B | $453.75M | $-1.49B | $245.48M |
| 2023 | $871.80M | $-556.48M | $616.13M | $340.24M | $505.79M |
| 2022 | $1.54B | $902.60M | $345.58M | $1.67B | $739.01M |
| 2021 | $1.54B | $656.02M | $333.78M | $1.46B | $811.66M |
| 2020 | $1.25B | $431.45M | $275.95M | $1.10B | $617.64M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-09-10 | 2026-09-10 | 2026-10-08 | 2026-08-13 | $0.09 | Quarterly |
| 2026-06-18 | 2026-06-18 | 2026-07-16 | 2026-05-28 | $0.09 | Quarterly |
| 2026-03-12 | 2026-03-12 | 2026-04-09 | 2026-02-12 | $0.09 | Quarterly |
| 2025-12-11 | 2025-12-11 | 2026-01-08 | 2025-11-17 | $0.09 | Quarterly |
| 2025-09-11 | 2025-09-11 | 2025-10-09 | 2025-08-14 | $0.08 | Quarterly |
| 2025-06-18 | 2025-06-18 | 2025-07-17 | 2025-05-29 | $0.08 | Quarterly |
| 2025-03-10 | 2025-03-10 | 2025-04-10 | 2025-02-13 | $0.08 | Quarterly |
| 2024-12-12 | 2024-12-12 | 2025-01-09 | 2024-11-21 | $0.08 | Quarterly |
| 2024-09-09 | 2024-09-09 | 2024-10-10 | 2024-08-22 | $0.08 | Quarterly |
| 2024-06-10 | 2024-06-10 | 2024-07-09 | 2024-05-30 | $0.15 | Quarterly |
| 2024-04-19 | 2024-04-22 | 2024-05-01 | 2024-04-12 | $0.15 | Quarterly |
| 2023-12-06 | 2023-12-07 | 2024-01-11 | 2023-11-09 | $0.15 | Quarterly |
| 2023-09-13 | 2023-09-14 | 2023-10-12 | 2023-08-21 | $0.15 | Quarterly |
| 2023-06-14 | 2023-06-15 | 2023-07-13 | 2023-04-27 | $0.29 | Quarterly |
| 2023-03-15 | 2023-03-16 | 2023-04-13 | 2023-02-16 | $0.29 | Quarterly |
| 2022-12-07 | 2022-12-08 | 2023-01-12 | 2022-11-10 | $0.29 | Quarterly |
| 2022-09-14 | 2022-09-15 | 2022-10-13 | 2022-08-18 | $0.29 | Quarterly |
| 2022-06-15 | 2022-06-16 | 2022-07-14 | 2022-05-26 | $0.29 | Quarterly |
| 2022-03-16 | 2022-03-17 | 2022-04-14 | 2022-02-17 | $0.29 | Quarterly |
| 2021-12-08 | 2021-12-09 | 2022-01-13 | 2021-11-11 | $0.28 | Quarterly |
| 2021-09-15 | 2021-09-16 | 2021-10-14 | 2021-08-19 | $0.28 | Quarterly |
| 2021-06-16 | 2021-06-17 | 2021-07-08 | 2021-05-26 | $0.28 | Quarterly |
| 2021-03-17 | 2021-03-18 | 2021-04-08 | 2021-02-18 | $0.28 | Quarterly |
| 2020-12-09 | 2020-12-10 | 2021-01-07 | 2020-11-12 | $0.27 | Quarterly |
Coverage (payout of operating cash flow): 93.74%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — MPT
The Biggest Mistakes REIT Investors Make (I Made No. 3)
MPT Named to Modern Healthcare's Best Places to Work 2026 and Newsweek's America's Greenest Companies 2027
Medical Properties Trust (NYSE:MPT) Hits New 12-Month Low – What’s Next?
Contrasting Community Healthcare Trust (NYSE:CHCT) & Medical Properties Trust (NYSE:MPT)
Medical Properties Trust: Refinancing Bought Time, Not Change (Rating Downgrade)
2 Top Dividend Powerhouses To Buy On The Dip For Retirees
Community Healthcare Trust (NYSE:CHCT) and Medical Properties Trust (NYSE:MPT) Critical Survey
Medical Properties Trust: A $680 Million Reality Check
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Health Care REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.