BIRMINGHAM, Ala.--(BUSINESS WIRE)--Feb. 23, 2015--
Medical Properties Trust, Inc. (NYSE: MPW) announced today that its
Board of Directors declared a regular quarterly cash dividend of $0.22
per share of common stock to be paid on April 9, 2015, to stockholders
of record on March 12, 2015.
“Due to the highly successful implementation of our strategy of making
accretive acquisitions of hospital real estate, we have substantially
improved our dividend payout ratio, and today’s dividend increase is an
indication of our plans to maintain a prudent payout,” said Edward K.
Aldag, Jr., MPT’s chairman, president and chief executive officer. “As
our recent and expected future accretive acquisitions continue to
generate additional rental revenue and FFO, we expect to maintain a
payout ratio of generally between 70% and 80% of Normalized FFO per
share by additional increases to our dividend,” concluded Aldag.
Annual Meeting of Stockholders
Medical Properties Trust also announced that its annual meeting of
shareholders will be held at the Summit Club in Birmingham, Alabama at
10:30 a.m. Central Time on May 14, 2015. Shareholders of record as of
March 23, 2015, will be invited to attend.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a Birmingham, Alabama based
self-advised real estate investment trust formed to capitalize on the
changing trends in healthcare delivery by acquiring and developing
net-leased healthcare facilities. MPT has approximately $4.0 billion in
assets, with healthcare facilities throughout the United States,
Germany, and the United Kingdom. These facilities include acute care
hospitals, inpatient rehabilitation hospitals, long-term acute care
hospitals and other medical and surgical facilities. For more
information, please visit the Company’s website at www.medicalpropertiestrust.com.
The statements in this press release that are forward looking are
based on current expectations and actual results or future events may
differ materially. Words such as "expects," "believes," "anticipates,"
"intends," "will," "should” and variations of such words and similar
expressions are intended to identify such forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results of the
Company or future events to differ materially from those expressed in or
underlying such forward-looking statements, including without
limitation: the payment of future dividends, if any; increases to future
dividend payments; expected dividend payout ratio, and other factors
affecting the real estate industry generally or healthcare real estate
in particular. For further discussion of the factors that could affect
outcomes, please refer to the "Risk factors" section of the Company's
Annual Report on Form 10-K for the year ended December 31, 2013, and as
updated by the Company’s subsequently filed Quarterly Reports on Form
10-Q and other SEC filings. Except as otherwise required by the federal
securities laws, the Company undertakes no obligation to update the
information in this press release.
Source: Medical Properties Trust, Inc.
Medical Properties Trust, Inc.
Tim Berryman, 205-397-8589
Director
– Investor Relations
tberryman@medicalpropertiestrust.com