Medical Properties Trust Inc. (MPW) shares surged 5.02% in Friday's pre-market trading session, following the company's Q4 2024 earnings release and successful liquidity actions that bolstered investor confidence in its future prospects.
MPW executed approximately $3 billion in liquidity transactions during 2024, surpassing its initial target of $2 billion. Additionally, the company issued over $2.5 billion of seven-year secured bonds at a blended coupon of 7.88% in early 2025, providing ample liquidity to cover debt maturities through 2026.
While MPW reported a GAAP net loss of $413 million for Q4 2024 and $2.4 billion for the full year, the company expects its financial performance to improve significantly in the coming quarters. New operator leases for recently re-tenanted facilities are set to ramp up, with contractual cash rent from these properties scheduled to reach approximately $40 million per quarter by October 2026.
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