Medical Properties Trust 8.3M share Spot Secondary priced at $13.25 The deal size was increased to 8.3M shares from 8M shares and priced at the bottom of the $13.25-$13.35 range. Credit Suisse and Jefferies acted as joint book running managers for the offering.
Medical Properties Trust sees FY16 normalized FFO $1.29-$1.33, consensus $1.33 The company is introducing a new annual guidance methodology that will no longer present pro forma run rate estimates. Commencing with calendar year 2016, MPT will estimate Normalized FFO based on management's present investment, capital and operating strategies and the expected timing of each. The major assumptions underlying this estimate include $500M of permanent financing, approximately $500M of divestitures, and funding of current commitments in hospital real estate.