Medical Properties Trust, Inc. · NYSE:MPT
Medical Properties Trust — Q2 2025 Earnings Presentation
21 slides from Medical Properties Trust's earnings presentation, Jul 31, 2025
Slide 1: Quarterly Supplemental 2Q 2025
QUARTERLY SUPPLEMENTAL 2Q 2025 AT T H E V E R Y H E A RT O F H E A LT H C A R E .®
Slide 2: Table of Contents and Forward-Looking Statements
3 COMPANY OVERVIEW Company Information 3 FORWARD-LOOKING STATEMENTS This press release includes forward-looking statements within the mean- ing 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
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. Hooper Senior Vice President of Operations and Secretary Larry
Slide 5: Investor Relations
INVESTOR RELATIONS Contact Drew Babin, Head of Financial Strategy and Investor Relations (646) 884-9809 or dbabin@medicalpropertiestrust.com Transfer Stock Exchange Agent Listing and Trading Symbol Equniti Trust Company, LLC New York Stock Exchange 28 Liberty Street, Floor 53 (NYSE): MPW New York, N
Slide 6: Reconciliation of Net Loss to Funds from Operations
FINANCIAL INFORMATION RECONCILIATION OF NET LOSS TO FUNDS FROM OPERATIONS (Unaudited) (Amounts in thousands, except per share data) For the Three Months Ended For the Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 FFO INFORMATION: Net loss attributable to MPT common stockho
Slide 7: Debt Summary
FINANCIAL INFORMATION (As of June 30, 2025) ($ amounts in thousands) DEBT SUMMARY Debt Instrument Rate Type Rate Balance 2026 Secured Credit Facility Revolver(A)(B) Variable 5.960% $ 553,437 2027 Secured Term Loan Variable 6.677% 200,000 0.993% Notes Due 2026 (€500M)(B) Fixed 0.993% 589,350 5.000% N
Slide 8: Debt Maturities and Debt Metrics
FINANCIAL INFORMATION (As of June 30, 2025) ($ amounts in thousands) DEBT MATURITIES Year Senior Notes Term Loans/Revolver Total Debt % of Total 2025 $ - $ - $ - 0.0% 2026 589,350 553,437 (A) 1,142,787 11.7% 2027 1,400,000 200,000 1,600,000 16.3% 2028 823,920 - 823,920 8.4% 2029 900,000 - 900,000 9.
Slide 9: Lease and Loan Maturity Schedule
PORTFOLIO INFORMATION LEASE AND LOAN MATURITY SCHEDULE (A) ($ amounts in thousands) (B) Percentage of Total Years of Maturities Total Properties(C) Base Rent/Interest(D) Base Rent/Interest 2025 1 $ - 0.0% 2026 1 228 0.0% 2027 3 4,881 0.4% 2028 9 23,169 2.0% 2029 6 16,685 1.5% 2030 9 6,369 0.6% 2031
Slide 10: Total Assets and Revenues by Asset Type
PORTFOLIO INFORMATION TOTAL ASSETS AND REVENUES BY ASSET TYPE (June 30, 2025) ($ amounts in thousands) Total Percentage of Q2 2025 Percentage of Asset Types Properties (A) Assets Total Assets Revenues Q2 2025 Revenues General Acute Care Hospitals 174 $ 8,992,213 59.4% $ 147,648 61.4% Behavioral Heal
Slide 11: Total Assets - Largest Individual Facility
PORTFOLIO INFORMATION TOTAL ASSETS - LARGEST INDIVIDUAL FACILITY (June 30, 2025) 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, 2025) ($ amounts in thousands) Total Percentage of Q2 2025 Percentage of U.S. States and Other Countries Properties (A) Assets Total Assets Revenues Q2 2025 Revenues Texas 45 $ 1,415,603 9.3% $ 25,630 10.7% Californi
Slide 13: Total Portfolio TTM EBITDARM Rent Coverage
PORTFOLIO INFORMATION (A)(B) TOTAL PORTFOLIO TTM EBITDARM RENT COVERAGE YoY and SEQUENTIAL QUARTER COMPARISONS BY PROPERTY TYPE EBITDARM Rent Coverage 3.0x 3.00x 2.9x 2.7x 2.5x 2.50x 2.4x 2.2x 2.1x 2.1x 2.00x 2.0x 1.9x 1.9x 1.7x 1.50x 1.00x 0.50x 0.00x (C) General Acute Care Hospitals Post Acute Car
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 Primary Property Type TTM EBITDARM Rent Coverage (in thousands)(A) Priory Group $ 1,296,382 Behavioral 2.3x MEDIAN 679,841 Post Acute 1.8x Ernest
Slide 15: Summary of Active Development and Capital Addition Projects
PORTFOLIO INFORMATION SUMMARY OF ACTIVE DEVELOPMENT AND CAPITAL ADDITION PROJECTS AS OF JUNE 30, 2025(A) (Amounts in thousands) Costs Incurred as of Estimated Construction Operator Location Commitment Cost Remaining June 30, 2025 Completion Date Lifepoint Behavioral Kansas $ 20,183 $ 16,761 $ 3,422
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, 2025 June 30, 2024 June 30, 2025 June 30, 2024 REVENUES Rent billed $ 177,860 $ 183,764 $ 343,050 $ 383,063 Straight-line rent
Slide 17: Consolidated Balance Sheets
FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except per share data) June 30, 2025 December 31, 2024 (Unaudited) (A) ASSETS Real estate assets Land, buildings and improvements, intangible lease assets, and other $ 11,892,237 $ 11,259,842 Investment in financing leases 1,023
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, 2025) (Unaudited) ($ amounts in thousands) Swiss Medical HM MEDIAN(B) (D) CommonSpirit Policlinico di Monza(E) Total MPT Pro Rata Share Network(C) Hospitales(F) Gross real est
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: Adjusted Net Debt/Annualized EBITDAre
APPENDIX - NON-GAAP RECONCILIATIONS ADJUSTED NET DEBT/ANNUALIZED EBITDAre (Unaudited) (Amounts in thousands) For the Three Months Ended June 30, 2025 ADJUSTED EBITDAre RECONCILIATION Net loss $ (98,068) Add back: Interest 129,709 Income tax 9,803 Depreciation and amortization 68,238 Gain on sale of
Slide 21: 1000 Urban Center Drive, Suite 501 Birmingham, AL 35242
1000 Urban Center Drive, Suite 501 Birmingham, AL 35242 (205) 969-3755 NYSE: MPW www.medicalpropertiestrust.com Contact: Drew Babin, Head of Financial Strategy and Investor Relations (646) 884-9809 or dbabin@medicalpropertiestrust.com MEDICAL PROPERTIES TRUST | SUPPLEMENTAL INFORMATION | Q2 2025 6
Medical Properties Trust — Q2 2025 Earnings Presentation on 6ix