Future Dividend Growth Expected with 2019 Acquisitions
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Feb. 14, 2019--
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW)
announced today that its Board of Directors declared a quarterly cash
dividend of $0.25 per share of common stock to be paid on April 11,
2019, to stockholders of record on March 14, 2019.
“This dividend maintains our very attractive annualized return of 5.4%
based on today’s share price,” said Edward K. Aldag, Jr., Chairman,
President and CEO. “We intend to continue dividend growth as we complete
2019’s estimated acquisitions of $2.5 billion.”
Annual Meeting of Stockholders
Medical Properties Trust also announced that its annual meeting of
stockholders will be at the City Club in Birmingham, Alabama at 10:30
Central Time on May 23, 2019. Stockholders of record as of March 21,
2019, will be invited to attend.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a 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’s
financing model helps facilitate acquisitions and recapitalizations and
allows operators of hospitals and other healthcare facilities to unlock
the value of their real estate assets to fund facility improvements,
technology upgrades and other investments in operations. 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 consummation of health care real estate acquisitions in
2019, if any; the payment of future dividends, if any; national and
international economic, business, real estate and other market
conditions; the competitive environment in which the Company operates;
the execution of the Company's business plan; financing risks; the
Company's ability to maintain its status as a REIT for income tax
purposes; acquisition and development risks; potential environmental and
other liabilities; 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, 2017 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190214005960/en/
Source: Medical Properties Trust, Inc.
Tim Berryman
Director – Investor Relations
Medical Properties
Trust, Inc.
(205) 969-3755
tberryman@medicalpropertiestrust.com