trending Market Intelligence /marketintelligence/en/news-insights/trending/4caBDxeAKQjo4VJFc1zUQA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Medical Properties Trust to buy UK hospital portfolio for £1.5B, ups guidance

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Medical Properties Trust to buy UK hospital portfolio for £1.5B, ups guidance

Medical Properties Trust Inc. agreed to acquire 30 acute care hospital facilities in the U.K. for roughly £1.5 billion, and increased its annual run-rate guidance for normalized funds from operations.

The U.K. facilities are expected to offer a GAAP-basis yield of 8.9%, according to a Dec. 23 release by Medical Properties Trust.

The hospital properties are currently leased to affiliates of BMI Healthcare. Circle Health, which has agreed to acquire BMI and will assume its 52 facilities in the U.K., said it would guarantee an initial fixed lease term of the acquired facilities of 30 years and two five-year extensions, as well as annual rent hikes linked to U.K. consumer price inflation, according to the release.

The deal is expected to be funded by cash on hand, including proceeds from U.S.-based healthcare real estate investment trust's recent U.S. dollar equity and sterling-denominated bond offerings as well as borrowings under an unsecured sterling-denominated term loan facility.

The transaction is expected to conclude in the first quarter of 2020.

Medical Properties Trust now expects normalized FFO in the range of $1.65 to $1.68 per share, up from a previous guidance of between $1.56 to $1.58 per share.

The S&P Global Market Intelligence consensus FFO estimate for 2019 is $1.32 per share.