Summary by Moomoo AI
On February 21, 2024, Medical Properties Trust Inc. (MPT), a self-advised real estate investment trust, reported its financial results for the fourth quarter and full year ended December 31, 2023. The company disclosed a net loss of $1.11 per share for the fourth quarter and $0.93 per share for the full year. However, the Normalized Funds from Operations (NFFO) stood at $0.36 per share for the quarter and $1.59 for the year. The quarter's net loss included approximately $772 million in non-recurring write-offs and impairments, primarily related to Steward Health Care System. MPT also announced agreements to divest five hospitals to Prime Healthcare at a 7.4% economic cap rate for $350 million and the sale of its remaining interest in a tenant and two under-leased hospitals...Show More