Medical Properties Trust, Inc. (NYSE: MPT) reported financial results for the three and nine months ended September 30, 2026, highlighting significant balance sheet improvements through asset sales and debt repayment.
For the third quarter of 2026, the company reported net income of $202 million, or $0.34 per share. This compares to a net loss of $78 million, or ($0.13) per share, in the same period of the prior year. Normalized Funds from Operations (NFFO) for the quarter were $64 million, or $0.11 per share, a decrease from $77 million, or $0.13 per share, in the prior year.
The company completed several transactions that provided approximately $680 million in cash proceeds. This includes the sale of its remaining interest in five hospitals in Utah for approximately $174 million and the sale of its interest in the real estate of two hospitals in Idaho to affiliates of Intermountain Health for approximately $371 million. These transactions resulted in an aggregate gain of $158 million.
MPT also completed a private offering of approximately $2.4 billion of secured notes. The proceeds were used to repay existing debt, including the 2026 notes and approximately 50% of the 2027 notes, resulting in a $70 million gain for the quarter.
As of September 30, 2026, MPT’s total assets were approximately $14.4 billion. The portfolio consists of 365 properties and approximately 37,000 licensed beds leased to or mortgaged by 52 hospital operating companies across the United States and nine other countries.
The company paid a regular quarterly dividend of $0.09 per share in October 2026. Despite the sale of assets, MPT continues to expect portfolio cash rents in excess of $1.0 billion in 2027.
