Summary by Moomoo AI
Medical Properties Trust Inc., a self-advised healthcare real estate investment trust (REIT), reported a significant year-over-year decline in financial performance for the year ended December 31, 2023. Total revenues decreased to $871.8 million from $1.54 billion in 2022, while net loss was $(556.5) million compared to a net income of $902.6 million the previous year. This decline was primarily due to a $700 million impairment charge related to investments in Steward and a $600 million gain on sale of real estate in the prior year. Normalized FFO also decreased by 13% to $951 million, or $1.59 per share, compared to $1.1 billion, or $1.82 per diluted share, in 2022. The company's portfolio consisted of 439 properties, with 434 leased or loaned to 54 operators. In response to economic uncertainty, high interest rates, and inflationary...Show More