# Medical Properties Trust Revenue Rises 5.3% as Normalized FFO Falls By John Kim Canonical URL: https://www.tokenpost.com/news/business/43607 Published: 2026-10-29T14:43:05.000Z Updated: 2026-10-29T14:43:05.000Z Section: Business > Net income reached $202.077 million, while missed September rent payments at Healthcare Systems of America cut normalized FFO by $0.02 per share. Medical Properties Trust Inc. (MPT), a hospital-focused real estate investment trust, posted third-quarter revenue of $250.140 million, up 5.3% year over year, as normalized funds from operations fell to $0.11 per share. Revenue was $237.522 million in the third quarter of 2025. NFFO declined from $0.13 per share over the same period. MPT's Nareit funds from operations (FFO) moved in the other direction, rising to $0.24 per diluted share from $0.15. Net income reached $202.077 million, or $0.34 per share, compared with a $77.450 million net loss, or $0.13 per share, a year earlier. The latest quarter's income statement included a $157.766 million gain on real estate sales and a $69.524 million debt-refinancing benefit. MPT adjusts FFO to calculate NFFO, excluding items it considers unanticipated or noncore and certain accounting changes. Chairman, President and CEO Edward K. Aldag, Jr. said Healthcare Systems of America’s revenue-collection challenges “precluded payment of September rent,” reducing quarterly NFFO by $0.02 per share. HSA recently engaged Ovation Healthcare to oversee operations and improve billing and collections, Aldag said. At quarter-end, MPT had 365 properties and roughly 37,000 licensed beds in nine countries. The results follow an [Oct. 28 earnings preview](). MPT scheduled its results call for 11 a.m. ET (15:00 UTC) Oct. 29. ## Links in this article - [Oct. 28 earnings preview](https://www.tokenpost.com/news/business/43059)