![]() ![]() Gibbins Advisors had reported earlier in 2023 that bankruptcy filings for healthcare companies nearly doubled in 2022, compared to the prior year. The company's operating results are very unlikely to support its current dividend indefinitely, the author said. As debts roll over, MPW will need to unload assets or pay interest rates higher than the cap rate on assets, which would result in a decline in AFFO per share, Seeking Alpha author Colorado Wealth Management Fund said. Medical Properties Trust has debts outstanding with a yield of over 10% at market prices. The ongoing tenant issues could impact the bottom-line. The company had disposed of non-Steward-operated assets, which had gradually increased its concentration in Steward. However, the company continues to see heightened concerns from the tenant Steward Health Care's indeterminate credit quality. MPW has been working through tenant issues, which enabled the healthcare REIT focused on acute care hospitals match Wall Street consensus in Q4'22. Here is what to expect from the healthcare REIT's Q1 results: Over the last 2 years, MPW has beaten FFO estimates 75% of the time and revenue estimates 63% of the time. ![]() The consensus FFO estimate is $0.38 and the consensus revenue estimate is $355.06M. Medical Properties Trust ( NYSE: MPW) is scheduled to announce Q1 earnings results on Thursday, April 27th, before market open. ![]()
0 Comments
Leave a Reply. |