Medical Properties Trust Inc Q3 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Michael Carroll - RBC Capital Markets - Analyst : Yeah, thanks. Can you talk about why the working capital loans to, I guess, the former -- on the operators taking over the former Steward assets increased to $90 million? And kind of highlight the timing of the expected repayments. I mean, how long does it take for these operators to get the necessary ABL that could pay back those working capital loans?

Question: Michael Carroll - RBC Capital Markets - Analyst : Okay, great. And then can you provide an update on the PHP sale? And I believe last call, you kind of highlighted that the final bids for this asset was due in August. I guess, did that sale process? Is that starting to get completed? And then maybe when you're answering that, can you highlight why the write down in the PHP, why did that specifically occur again this quarter?

Question: Omotayo Okusanya - Deutsche Bank - Analyst : Hi. Yes, good morning everyone. Could you please -- for the Steward assets that have not yet been transitioned that you guys are now operating, could you just give us a sense of the earnings impact of those assets in third quarter? And how would you kind of think about that going forward until you can also transition those assets?

Question: Nikita Bely - J.P. Morgan Securities - Analyst : Well, couple of modelling questions. Where do you think you could issue a new secured and unsecured debt today, at what cost?

Question: Nikita Bely - J.P. Morgan Securities - Analyst : What about the early thoughts on '25 term loan maturity? You think you'll extend it or pay it off with sales?