Medical Properties: Q3 Earnings Snapshot

BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Medical Properties Trust Inc. (MPT) on Thursday reported a key measure of profitability in its third quarter.

The real estate investment trust, based in Birmingham, Alabama, said it had funds from operations of $63.8 million, or 11 cents per share, in the period.

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 net income of $201.6 million, or 34 cents per share.

The health care real estate investment trust, based in Birmingham, Alabama, posted revenue of $250.1 million in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MPT at https://www.zacks.com/ap/MPT