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| MPW > SEC Filings for MPW > Form 8-K on 7-Feb-2013 | All Recent SEC Filings |
7-Feb-2013
Results of Operations and Financial Condition, Financial Statements
On February 7, 2013, Medical Properties Trust, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2012. 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 and year ended December 31, 2012: 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 $28.6 million, or $0.21 per diluted share for the quarter ended December 31, 2012 compared to $12.7 million, or $0.11 per diluted share for the quarter ended December 31, 2011. For the year ended December 31, 2012, net income was $89.9 million, or $0.67 per diluted share compared to $26.5 million, or $0.23 per diluted share for the year ended December 31, 2011. In the attached press release, the Company disclosed Funds from operations of $27.7 million and $107.5 million for the quarter and year ended December 31, 2012, respectively, and Normalized funds from operations of $33.9 million and $119.4 million for the quarter and year ended December 31, 2012, respectively. Adjusted funds from operations were disclosed in the press release as $32.7 million and $117.6 million for the quarter and year ended December 31, 2012, respectively.
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.
(d) Exhibits.
Exhibit
Number Description
99.1 Press release dated February 7, 2013 reporting financial results for
the quarter and year ended December 31, 2012
99.2 Medical Properties Trust, Inc. 4th Quarter 2012 Supplemental
Information
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