BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Medical Properties Trust Inc. (MPT) on Monday reported a key measure of…
BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Medical Properties Trust Inc. (MPT) on Monday reported a key measure of profitability in its second quarter.
The Birmingham, Alabama-based real estate investment trust said it had funds from operations of $92.2 million, or 15 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $2.6 million, or 1 cent per share.
The health care real estate investment trust, based in Birmingham, Alabama, posted revenue of $259.3 million in the period.
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