This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Medical Properties Trust's CEO Presents At Bank Of America Merrill Lynch 2012 Health Care Conference (Transcript)

Also if you look down at the bottom left hand corner here, you see that our EBITDA, our lease coverage ratios. These are organic growths rates from our existing properties in our portfolio. You see in 2006, our EBITDA, our lease coverage ratio was approximately 3.5 times. Today, on a portfolio-wide basis, that EBITDA or lease coverage ratio is over 5.5 times. I’ll show you what it is broken out on an each segment there in just a few moments.

Last week in our earnings call we gave updated guidance. Our updated guidance for the first time we actually gave guidance for calendar year 2012. We also gave a run rate for 12/31/2012. In that run rate, we assume that we made an additional $300 million in acquisitions. We have about $100 million of debt that we could see that’s very imminent, that we expect to close very shortly within this quarter.

With the other $200 million, we’re excited to close by the fourth quarter. Now with that we were projecting that we will have a $1.6 FFO per share. And with our dividend rate of $0.80 per share, that puts us below an 80% pay out ratio. And that’s very important because those of you that follow us know that that’s been one of our goals. We’ve had some strategic opportunities here that we’ve taken advantage of. We’ve raised some equity to take advantage of those acquisitions. And so we’ve had some dilutions, so we’ve been above the 80% threshold. With the 80% threshold, that’s where we want to be before we start raising the dividend, we expect to be there again by the end of the year.

Now even if we don’t do the $200 million in acquisitions that we’ve scheduled for the fourth quarter, we’re still going to be above $1 per share in FFO, given it’s still greater than an 80% - less than an pay out ratio.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs