Medical Properties (MPW) Q2 FFO and Revenues Top Estimates

Group 1 - Medical Properties (MPW) reported quarterly funds from operations (FFO) of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, but down from $0.48 per share a year ago, representing a 15% surprise [1] - The company posted revenues of $266.56 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.77%, compared to year-ago revenues of $337.4 million [2] - Medical Properties shares have declined approximately 6.5% year-to-date, while the S&P 500 has gained 9% [3] Group 2 - The current consensus FFO estimate for the upcoming quarter is $0.22 on revenues of $246.42 million, and for the current fiscal year, it is $0.85 on revenues of $1.03 billion [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is in the top 39% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]