Why Medical Properties Trust Shares Are Dipping Today
Portfolio Pulse from Lekha Gupta
Medical Properties Trust Inc (MPW) shares dropped by around 12% after the company reported Q2 FY23 earnings. The company missed revenue consensus, reporting $337.4 million against the expected $351.4 million. MPW also reported a net loss of $42 million, compared to a net income of $190 million a year ago. The company revised its 2023 NFFO per share guidance to $1.53-$1.57 from $1.50-$1.61.
August 08, 2023 | 2:34 pm
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MPW shares dropped after the company reported lower than expected Q2 FY23 earnings and a net loss. The company also revised its 2023 NFFO per share guidance.
MPW's lower than expected earnings and reported net loss have negatively impacted investor sentiment, leading to a drop in share price. The revised NFFO per share guidance may also contribute to uncertainty among investors.
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