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BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Medical Properties Trust Inc. (MPW) on Thursday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
The real estate investment trust, based in Birmingham, Alabama, said it had funds from operations of $81.1 million, or 14 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 15 cents per share.
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 a loss of $118.3 million, or 20 cents per share.
The health care real estate investment trust, based in Birmingham, Alabama, posted revenue of $223.8 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $235.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MPW at https://www.zacks.com/ap/MPW