Medical Properties Trust, Inc. · NYSE:MPT
Medical Properties Trust — Q2 2026 Earnings Presentation
21 slides from Medical Properties Trust's earnings presentation, Aug 10, 2026
Slide 1: Quarterly Supplemental 2Q 2026
QUARTERLY SUPPLEMENTAL 2Q 2026 AT T H E V E R Y H E A R T O F H E A LT H C A R E .®
Slide 2: Company Overview and Forward-Looking Statements
COMPANY OVERVIEW FORWARD-LOOKING STATEMENTS Company Information 3 This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can gen
Slide 3: Company Overview
COMPANY OVERVIEW M edical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. MPT’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their re
Slide 4: MPT Officers, Board of Directors, Corporate Headquarters
MPT Officers Edward K. Aldag, Jr. Chairman, President and Chief Executive Officer R. Steven Hamner Executive Vice President and Chief Financial Officer J. Kevin Hanna Senior Vice President, Controller and Chief Accounting Officer Rosa H. Williams Senior Vice President of Operations and Secretary Lar
Slide 5: Investor Relations
INVESTOR RELATIONS Contact Charles Lambert, Senior Vice President of Finance and Treasurer (205) 397-8897 or clambert@mpt.com Transfer Stock Exchange Agent Listing and Trading Symbol Equiniti Trust Company, LLC New York Stock Exchange 28 Liberty Street, Floor 53 (NYSE): MPT New York, NY 10005 https:
Slide 6: Reconciliation of Net (Loss) Income to Funds from Operations
FINANCIAL INFORMATION RECONCILIATION OF NET (LOSS) INCOME TO FUNDS FROM OPERATIONS (Unaudited) (Amounts in thousands, except per share data) For the Three Months Ended For the Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 FFO INFORMATION: Net (loss) income attributable to
Slide 7: Debt Summary
FINANCIAL INFORMATION (As of June 30, 2026) ($ amounts in thousands) DEBT SUMMARY (A) Debt Instrument Rate Type Rate Balance 2026 Secured Credit Facility Revolver(B)(C) Variable 5.184% $ 718,544 2027 Secured Term Loan Variable 5.994% 200,000 0.993% Notes Due 2026 (€500M)(C) Fixed 0.993% 571,100 5.00
Slide 8: Debt Maturities and Debt Metrics
FINANCIAL INFORMATION (As of June 30, 2026) ($ amounts in thousands) (A) DEBT MATURITIES Year Senior Notes Term Loans/Revolver Total Debt % of Total 2026 $ 571,100 $ 718,544 (B) $ 1,289,644 13.1% 2027 1,400,000 200,000 1,600,000 16.3% 2028 795,720 - 795,720 8.1% 2029 900,000 - 900,000 9.2% 2030 464,
Slide 9: Lease and Loan Maturity Schedule
PORTFOLIO INFORMATION LEASE AND LOAN MATURITY SCHEDULE (A) (As of June 30, 2026) ($ amounts in thousands) (B) Percentage of Total Years of Maturities Total Properties(C) Base Rent/Interest(D) Base Rent/Interest 2026 1 $ 234 0.0% 2027 1 3,782 0.3% 2028 5 8,046 0.7% 2029 4 16,439 1.5% 2030 10 7,301 0.
Slide 10: Total Assets and Revenues by Asset Type
PORTFOLIO INFORMATION TOTAL ASSETS AND REVENUES BY ASSET TYPE (June 30, 2026) ($ amounts in thousands) Total Percentage of Q2 2026 Percentage of Asset Types Properties (A) Assets Total Assets Revenues Q2 2026 Revenues General Acute Care Hospitals 160 $ 8,745,376 59.3% $ 162,523 62.7% Behavioral Heal
Slide 11: Total Assets - Largest Individual Facility
PORTFOLIO INFORMATION TOTAL ASSETS - LARGEST INDIVIDUAL FACILITY (June 30, 2026) COMPREHENSIVE PROPERTY-LEVEL UNDERWRITING FRAMEWORK Largest Individual MPT invests in real estate, not the consolidated financial performance of its Operators Facility as a Percentage tenants. Each facility is underwrit
Slide 12: Total Assets and Revenues by U.S. State and Country
PORTFOLIO INFORMATION TOTAL ASSETS AND REVENUES BY U.S. STATE AND COUNTRY (June 30, 2026) ($ amounts in thousands) Total Percentage of Q2 2026 Percentage of U.S. States and Other Countries Properties (A) Assets Total Assets Revenues Q2 2026 Revenues Texas 40 $ 1,379,139 9.4% $ 28,394 11.0% Californi
Slide 13: Total Portfolio TTM EBITDARM Rent Coverage
PORTFOLIO INFORMATION TOTAL PORTFOLIO TTM EBITDARM(A)(B) RENT COVERAGE YoY and SEQUENTIAL QUARTER COMPARISONS BY PROPERTY TYPE EBITDARM Rent Coverage 3.50x 3.0x 3.00x 2.9x 2.8x 2.6x 2.5x 2.50x 2.4x 2.4x 2.4x 2.1x 2.00x 1.9x 1.6x 1.50x 1.4x 1.00x 0.50x 0.00x (C) General Acute Care Hospitals Post Acut
Slide 14: EBITDARM Rent Coverage: Operators with Property-Level Reporting
PORTFOLIO INFORMATION TOTAL PORTFOLIO TTM EBITDARM RENT COVERAGE EBITDARM RENT COVERAGE: OPERATORS WITH PROPERTY-LEVEL REPORTING Net Investment (B) Tenant (A) Primary Property Type TTM EBITDARM Rent Coverage (in thousands) Priory Group $ 1,224,170 Behavioral 1.4x MEDIAN 673,556 Post Acute 2.3x Ernes
Slide 15: Summary of Active Developments and Capital Addition Projects
PORTFOLIO INFORMATION SUMMARY OF ACTIVE DEVELOPMENTS AND CAPITAL ADDITION PROJECTS AS OF June 30, 2026(A) (Amounts in thousands) Costs Incurred as of Estimated Construction Operator Location Commitment Cost Remaining June 30, 2026 Completion Date IMED Spain $ 44,791 $ 44,612 $ 179 3Q26 IMED Spain 65
Slide 16: Consolidated Statements of Income
FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (Amounts in thousands, except per share data) For the Three Months Ended For the Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 REVENUES Rent billed $ 203,400 $ 177,860 $ 400,920 $ 343,050 Straight-line rent
Slide 17: Consolidated Balance Sheets
FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except per share data) June 30, 2026 December 31, 2025 (Unaudited) (A) ASSETS Real estate assets Land, buildings and improvements, intangible lease assets, and other $ 12,147,484 $ 12,205,687 Investment in financing leases 382,9
Slide 18: Investments in Unconsolidated Real Estate Joint Ventures
FINANCIAL STATEMENTS INVESTMENTS IN UNCONSOLIDATED REAL ESTATE JOINT VENTURES (As of and for the three months ended June 30, 2026) (Unaudited) ($ amounts in thousands) Swiss Medical Policlinico di HM MPT Pro Rata MEDIAN(B) CommonSpirit(D) Total Network(C) Monza(E) Hospitales(F) Share Gross real esta
Slide 19: Investments in Unconsolidated Operating Entities
FINANCIAL STATEMENTS INVESTMENTS IN UNCONSOLIDATED OPERATING ENTITIES (Amounts in thousands) OPERATING ENTITY INVESTMENT FRAMEWORK MPT's hospital expertise and comprehensive underwriting process allows for opportunistic investments in hospital operations. • Passive investments typically needed in or
Slide 20: Appendix - Non-GAAP Reconciliations
APPENDIX - NON-GAAP RECONCILIATIONS ADJUSTED NET DEBT/ANNUALIZED EBITDAre (Unaudited) (Amounts in thousands) For the Three Months Ended June 30, 2026 ADJUSTED EBITDAre RECONCILIATION Net loss $ (2,288) Add back: Interest 135,262 Income tax 10,077 Depreciation and amortization 73,625 Gain on sale of
Slide 21: Corporate Headquarters and Contact
10500 Liberty Parkway Birmingham, AL 35242 (205) 969-3755 NYSE: MPT MPT.com Charles Lambert Senior Vice President of Finance and Treasurer (205) 397-8897 or clambert@mpt.com MEDICAL PROPERTIES TRUST | SUPPLEMENTAL INFORMATION | Q2 2026 6
Medical Properties Trust — Q2 2026 Earnings Presentation on 6ix