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Medical Properties Trust Inc.

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  • Please accept my sincerest apologies for failing to publicly acknowledge our fallen heroes this past Memorial Day. No excuse I could offer could justify the oversight. Along with you, I salute the many men and women who have proudly and selflessly served in our military to protect, defend and secure the freedoms and liberties we enjoy each and every day. Their bravery in making the ultimate sacrifice will forever be appreciated and they will always be remembered and celebrated and never taken for granted or forgotten.

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Msg  260 of 264  at  3/31/2023 12:25:18 PM  by


 In response to msg 253 by  lumpygravy
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An update from Truist for those still holding on to their MPW shares....
MPW is selling its Australian hospitals for essentially the same amount as the associated debt, pulling earnings dilution that we expected to be realized in 2024 up a few quarters earlier. Despite apparently selling at a loss to the 2019 purchase price (considering FX) and paying down very low yielding debt (2.45%) with all of the proceeds, MPW’s stock was up 8.5% in the past two days versus 3.6% for REITs overall. The stock is still down 62% over the past 12 months versus 26% for REITs.
We are lowering our 2023 FFO estimate, but slightly raising 2024 on lower/later assumed acquisitions, later equity issuance (2025) at a better price, and some credit for expected Prospect recoveries next year. We still expect FFO declines over the next few years. Our PT moves to $9 from $8, as described below.

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