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Medical Properties Trust, Inc (MPT) Fair Value & Analysis

Real Estate · US · Market cap $2.7B

MP Medical Properties Trust, Inc logo Medical Properties Trust, Inc MPT · US
Price$4.70
Fair Value$7.57
Upside+61.1%
Quality45/100
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Weak Growth
Loss-making · -11.5% net margin
High debt · generates free cash flow
7.31% dividend yield
Ranks above peers (10/14)
Narrow moat 34/100
Evidence: High Range $1.80 – $9.86 Share as image

Fair value as of: Jul 27, 2026

From 12 valuation models · updated 14 days ago

Share price +4.9% over the past month.

Below-average quality, screening 61% undervalued on our models.

What matters now

  • The model range is unusually wide ($1.80 to $9.86). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

$16.25 $2.52 Fair Value $7.57 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.

How to read this chart

60‑month range $2.52 – $16.25 · fair‑value band $1.80 – $9.86 · the $4.70 price screens below the $7.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 27, 2026.

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Analysis

Medical Properties Trust, Inc (MPT) currently trades at $4.70, while our model-based Fair Value estimate is $7.57, implying the stock looks roughly 61.1% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Medical Properties Trust, Inc generated revenue of $1.1B at a net margin of -11.5%. Revenue grew 12.6% year over year. It earns a return on equity of -2.7%. Net debt stands at $9.3B. Fundamentals as of Jul 27, 2026

Our scenario range runs from $1.80 (bear case) to $9.86 (bull case); at $4.70, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -53% fair-value upside, at 61%, MPT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $3.71 80
Rev-Margin DCF $9.78 74
Gordon GGM $2.84 $5.65 $8.56 70
All 12 models by family
DCF Models
FCF DCF $4.46 38
5Y Revenue Exit $11.09 39
5Y EBITDA Exit $12.61 $34.01 41
10Y Revenue Exit $9.85 36
10Y EBITDA Exit $8.48 $32.06 37
Dividend Discount
Gordon GGM $2.84 $5.65 $8.56 70
DDM Multi-Stage $2.84 $4.89 $5.97 61
Multiples
EV/EBIT $4.54 $9.51 53
EV/EBITDA $2.01 $7.79 $13.56 54
Asset-Based
NCAV (Graham) $3.85 $5.16 $7.70 50
Growth DCF
Growth DCF $3.71 80
Rev-Margin DCF $9.78 74

Widest divergence: DCF Models ($8.48) versus Multiples ($4.54). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $1.1B
Revenue growth (YoY) +12.6%
Net margin -11.5%
Return on equity -2.7%
Free cash flow $231M FY2025
Operating margin 58.2%
More key figures
EPS (TTM) $-0.2100
Dividend yield 7.3%
Net debt $9.3B FY2025

Figures from reported company fundamentals · as of Jul 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 45

Profitability 5
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 15
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Medical Properties Trust, Inc. is a self-advised real estate investment trust to acquire and develop net-leased hospital facilities.

Full company description

Medical Properties Trust, Inc. is a self-advised real estate investment trust to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 388 facilities and approximately 39,000 licensed beds in nine countries and across three continents as of September 30, 2025. MPT's financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. Medical Properties Trust, Inc. was incorporated in 2003.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Medical Properties Trust, Inc reported revenue of $972M in FY2025 versus $1.5B in FY2021, a compound −10.9%/yr. Reported net income was −$277M in FY2025.

Growth Quality 9/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$972M
Latest YoY
−2.4%
Avg. growth/yr (3Y)
−14.3%
Avg. growth/yr (5Y)
−4.9%
Avg. growth/yr (21Y)
+23.8%
Revenue −10.9%/yr
FY21 $1.5B
FY22 $1.5B
FY23 $872M
FY24 $996M
FY25 $972M
Net income
FY21 $656M
FY22 $903M
FY23 −$556M
FY24 −$2.4B
FY25 −$277M

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Cite: Fair Value Calculator (2026). "Medical Properties Trust, Inc Fair Value". https://www.fairvalue-calculator.com/stock/MPT

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

REIT - Healthcare Facilities · 28 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 46 · Below median
Fair Value upside +61% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) -11% · Bottom 25%
Operating margin (TTM) 58% · Above median
Revenue growth 13% · Above median
Dividend yield (TTM) 7.3% · Top 25%
Debt / equity 2.11× · Higher than 75% of peers

Valuation Multiples vs REIT - Healthcare Facilities median · lower = cheaper

P/B 0.59× · Cheaper than 75% of peers
P/S (TTM) 2.46× · Cheaper than 75% of peers
P/FCF 11.7× · Cheaper than 75% of peers
EV/EBITDA 12.5× · Cheaper than 75% of peers
PEG 1.61× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 63 · sector 30
PAST 0 · sector 21
HEALTH 0 · sector 71
DIVIDEND 100 · sector 100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Healthcare Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 27, 2026).

Stock Price Fair Value vs Fair Value
Welltower Inc WELL $231.59 $42.21 -82%
Ventas, Inc VTR $100.53 $18.07 -82%
Omega Healthcare Investors, Inc OHI $51.72 $33.69 -35%
Healthpeak Properties, Inc DOC $22.27 $7.02 -68%
American Healthcare REIT, Inc AHR $56.38 $11.04 -80%
CareTrust REIT, Inc CTRE $43.25 $23.07 -47%
Healthcare Realty Trust Incorporated HR $21.40 $20.60 -4%
Aedifica NV AED €69.85 €36.17 -48%
Chartwell Retirement Residences CSHUN C$22.81 C$3.52 -85%
Sabra Health Care REIT, Inc SBRA $22.36 $10.49 -53%

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Frequently asked questions

Is Medical Properties Trust, Inc (MPT) overvalued or undervalued?
As of Jul 27, 2026, our model estimates a fair value of $7.57 versus a price of $4.70, about +61% (undervalued).
What is the fair value of MPT?
Our model-based fair value for Medical Properties Trust, Inc is $7.57 (as of Jul 27, 2026), built from audited fundamentals. The current price is $4.70.
What is the quality score of MPT?
Medical Properties Trust, Inc has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Medical Properties Trust, Inc (MPT)?
Medical Properties Trust, Inc reported trailing-twelve-month revenue of about $1.1B (latest available figure, as of Jul 27, 2026).
What is the net profit margin of MPT?
The net profit margin of Medical Properties Trust, Inc is about -11.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Medical Properties Trust, Inc pay a dividend?
Medical Properties Trust, Inc currently shows a dividend yield of about 7.31% relative to its recent price (as of Jul 27, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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