Medical Properties Trust reported a Q3 2024 net loss of $801.2 million ($1.34 per share), compared to net income of $116.7 million in Q3 2023. The decline was primarily driven by $608 million in impairment charges related to the Steward settlement and $134 million unfavorable fair value adjustment to PHP Holdings investment. Total revenues decreased 26.3% to $225.8 million, mainly due to lower income from Steward and property dispositions.The company completed several strategic transactions, including the sale of properties to UCHealth for $86 million and Dignity Health for $160 million. Additionally, MPT executed a global settlement with Steward Healthcare, effectively ending their relationship and resulting in the release of 23 properties. The company secured a new £631 million secured loan facility with a 6.877% fixed rate over 10 years.Looking ahead, MPT maintains approximately $1.2 billion in liquidity and expects to receive about $200 million from the sale of PHP Holdings to Astrana Health. The company amended its credit facility, reducing commitments to $1.28 billion and implementing modified covenant terms through September 2025. The quarterly dividend was adjusted to $0.08 per share in compliance with credit facility requirements.

Medical Properties Trust reported a Q3 2024 net loss of $801.2 million ($1.34 per share), compared to net income of $116.7 million in Q3 2023. The decline was primarily driven by $608 million in impairment charges related to the Steward settlement and $134 million unfavorable fair value adjustment to PHP Holdings investment. Total revenues decreased 26.3% to $225.8 million, mainly due to lower income from Steward and property dispositions.The company completed several strategic transactions, including the sale of properties to UCHealth for $86 million and Dignity Health for $160 million. Additionally, MPT executed a global settlement with Steward Healthcare, effectively ending their relationship and resulting in the release of 23 properties. The company secured a new £631 million secured loan facility with a 6.877% fixed rate over 10 years.Looking ahead, MPT maintains approximately $1.2 billion in liquidity and expects to receive about $200 million from the sale of PHP Holdings to Astrana Health. The company amended its credit facility, reducing commitments to $1.28 billion and implementing modified covenant terms through September 2025. The quarterly dividend was adjusted to $0.08 per share in compliance with credit facility requirements.