💨 Abstract

Medical Properties Trust's second-quarter earnings failed to meet Wall Street's expectations. The Birmingham-based REIT reported funds from operations of $81.4 million, or 14 cents per share, against the anticipated 15 cents per share. This key profitability measure in the REIT industry includes adjustments like depreciation and amortization to net income. The company saw a net loss of $98.4 million and revenue of $240.4 million for the quarter.

Courtesy: WTOP Staff