Medical Properties Trust Q1 Net Up Nearly 150%
It was an impressive quarter for Medical Properties Trust . In its Q1 report, revenues amounted to $58 million, up 42% from the $41 million in the same period the previous year. Attributable net profit advanced much more strongly, growing 148% to $26 million ($0.18 per diluted share) from Q1 2012's figure of $11 million ($0.08). Funds from operations -- a key metric for real estate investment trusts -- came in at $35 million ($0.25 per diluted share) on a normalized basis, compared with $22 million ($0.18) in the year-ago quarter.
Medical Properties Trust also provided selected forward guidance. It believes it will post a normalized FFO of $1.10 per share in fiscal 2013.
The article Medical Properties Trust Q1 Net Up Nearly 150% originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Medical Properties Trust. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.