BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Medical Properties Trust Inc. (MPW) on Wednesday reported a key measure of profitability in its fourth quarter. The results topped Wall Street expectations.
The Birmingham, Alabama-based real estate investment trust said it had funds from operations of $218 million, or 36 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 27 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $663.9 million, or $1.11 per share.
For the year, the company reported funds from operations of $951.1 million. Revenue was reported as $871.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MPW at https://www.zacks.com/ap/MPW
