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MEDICAL PROPERTIES TRUST INC FILES (8-K) Disclosing Results of Operations and Financial Condition, Financial Statements and Exhibits

May 6, 2014



Item 2.02. Results of Operations and Financial Condition.

On May 6, 2014, Medical Properties Trust, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2014. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this Current Report on Form 8-K, including the information set forth in Exhibit 99.1 and Exhibit 99.2 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. In addition, this information shall not be deemed incorporated by reference in any filing of Medical Properties Trust, Inc. with the Securities and Exchange Commission, except as expressly set forth by specific reference in any such filing.

The Company disclosed three non-GAAP financial measures in the attached press release for the quarter ended March 31, 2014: Funds from operations, Normalized funds from operations and Adjusted funds from operations. The most directly comparable GAAP financial measure to each of these non-GAAP financial measures is net income, which was $7.2 million, or $0.04 per diluted share for the quarter ended March 31, 2014 compared to $26.2 million, or $0.18 per diluted share for the quarter ended March 31, 2013. In the attached press release, the Company disclosed Funds from operations of $20.7 million for the quarter ended March 31, 2014, and Normalized funds from operations of $42.7 million for quarter ended March 31, 2014. Adjusted funds from operations were disclosed in the press release as $40.8 million for the quarter ended March 31, 2014.

A reconciliation of the non-GAAP financial measures to net income as well as a statement disclosing the reasons why the Company's management believes that presentation of these non-GAAP financial measures provides useful information to investors regarding the Company's financial condition and results of operations are included in Exhibits 99.1 and 99.2.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. Exhibit Number Description 99.1 Press release dated May 6, 2014 reporting financial results for the quarter ended March 31, 2014 99.2 Medical Properties Trust, Inc. 1st Quarter 2014 Supplemental Information 2



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Source: Edgar Glimpses


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