Medical Properties Trust (MPT) reported a robust third quarter for 2025, driven by significant EBITDARM growth across its diverse tenant portfolio and a strategic transition in its California operations.

• Total EBITDARM for general acute care operators surged over $200 million year-over-year, with key operators like LifePoint Health and ScionHealth achieving double-digit revenue growth.
• A new lease agreement with NOR Healthcare for six California facilities offers a strategic resolution amid the Prospect bankruptcy, with projected annual rent stabilizing at $45 million.
• MPT aims to achieve total annualized cash rent exceeding $1 billion by year-end 2026, bolstered by strong rent collection performance and recent asset sales.
• The Board has authorized a $150 million share repurchase program, reflecting confidence in the company's valuation.
• MPT maintains a strong international portfolio, with operator coverage consistently above 2x, indicating robust financial health among tenants.