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.

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