Medical Properties Trust, Inc. · NYSE:MPT
Medical Properties Trust — Q3 2025 Earnings Presentation
21 slides from Medical Properties Trust's earnings presentation, Oct 30, 2025
Slide 1: Quarterly Supplemental 3Q 2025
QUARTERLY SUPPLEMENTAL 3Q 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: Company Overview contents and forward-looking statements
3 COMPANY OVERVIEW Company Information 3 FORWARD-LOOKING STATEMENTS This press release includes forward-looking statements within the meaning of Sec- tion 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. Williams Senior Vice President of Operations and Secretary Lar
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 Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 FFO INFORMATION: Net loss attributable
Slide 7: Debt Summary
FINANCIAL INFORMATION (As of September 30, 2025) ($ amounts in thousands) DEBT SUMMARY Debt Instrument Rate Type Rate Balance 2026 Secured Credit Facility Revolver(A)(B) Variable 5.951% $ 567,631 2027 Secured Term Loan Variable 6.513% 200,000 0.993% Notes Due 2026 (€500M)(B) Fixed 0.993% 586,700 5.0
Slide 8: Debt Maturities and Debt Metrics
FINANCIAL INFORMATION (As of September 30, 2025) ($ amounts in thousands) DEBT MATURITIES Year Senior Notes Term Loans/Revolver Total Debt % of Total 2025 $ - $ - $ - 0.0% 2026 586,700 567,631 (A) 1,154,331 11.9% 2027 1,400,000 200,000 1,600,000 16.4% 2028 806,760 - 806,760 8.3% 2029 900,000 - 900,0
Slide 9: Lease and Loan Maturity Schedule
PORTFOLIO INFORMATION (A) LEASE AND LOAN MATURITY SCHEDULE (As of September 30, 2025) ($ 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 1 3,681 0.3% 2028 7 17,662 1.6% 2029 6 16,683
Slide 10: Total Assets and Revenues by Asset Type
PORTFOLIO INFORMATION TOTAL ASSETS AND REVENUES BY ASSET TYPE (September 30, 2025) ($ amounts in thousands) Total Percentage of Q3 2025 Percentage of Asset Types Properties (A) Assets Total Assets Revenues Q3 2025 Revenues General Acute Care Hospitals 171 $ 8,912,538 59.7% $ 144,760 60.9% Behavioral
Slide 11: Total Assets - Largest Individual Facility
PORTFOLIO INFORMATION TOTAL ASSETS - LARGEST INDIVIDUAL FACILITY (September 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 unde
Slide 12: Total Assets and Revenues by U.S. State and Country
PORTFOLIO INFORMATION TOTAL ASSETS AND REVENUES BY U.S. STATE AND COUNTRY (September 30, 2025) ($ amounts in thousands) Total Percentage of Q3 2025 Percentage of U.S. States and Other Countries Properties (A) Assets Total Assets Revenues Q3 2025 Revenues Texas 45 $ 1,429,105 9.6% $ 23,651 10.0% Cali
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 3.0x 3.00x 2.7x 2.5x 2.5x 2.50x 2.3x 2.1x 2.0x 2.0x 2.00x 1.9x 1.9x 1.8x 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 (A) Primary Property Type TTM EBITDARM Rent Coverage (in thousands) Priory Group $ 1,262,325 Behavioral 2.2x MEDIAN 681,439 Post Acute 1.7x Ernes
Slide 15: Active Development and Capital Addition Projects
PORTFOLIO INFORMATION SUMMARY OF ACTIVE DEVELOPMENT AND CAPITAL ADDITION PROJECTS AS OF SEPTEMBER 30, 2025 (A) (Amounts in thousands) Costs Incurred as of Estimated Construction Operator Location Commitment Cost Remaining September 30, 2025 Completion Date Lifepoint Behavioral Arizona $ 10,659 $ 6,6
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 Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 REVENUES Rent billed $ 181,001 $ 169,721 $ 524,051 $ 552,7
Slide 17: Consolidated Balance Sheets
FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except per share data) September 30, 2025 December 31, 2024 (Unaudited) (A) ASSETS Real estate assets Land, buildings and improvements, intangible lease assets, and other $ 11,748,943 $ 11,259,842 Investment in financing leases
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 September 30, 2025) (Unaudited) ($ amounts in thousands) (B) Swiss Medical (D) (E) HM MEDIAN (C) CommonSpirit Policlinico di Monza (F) Total MPT Pro Rata Share Network Hospitales Gross
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 EBITDA re (Unaudited) (Amounts in thousands) For the Three Months Ended September 30, 2025 ADJUSTED EBITDA re RECONCILIATION Net loss $ (77,450) Add back: Interest 132,395 Income tax 10,872 Depreciation and amortization 69,476 Loss on
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 | Q3 2025 6
Medical Properties Trust — Q3 2025 Earnings Presentation on 6ix