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Medical Properties Trust, Inc. (MPT) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Medical Properties Trust, Inc. $7.57, price $3.59, upside +110.9%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Real Estate · US

MP Medical Properties Trust, Inc. logo Some data Sep 24, 2026

Medical Properties Trust, Inc.

MPT · US

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

Fair value $7.57 · Strongly undervalued (+111%)
!Quality 45/100
!Weak Growth (revenue 5y −4.9 %/yr)
!Loss-making · -11.5% net margin (TTM)
!High debt · generates free cash flow
·9.47% dividend yield
Ranks above peers (10/14)
!Narrow moat 34/100
!Evidence only medium, so the estimate is less certain
!The models disagree: range $1.80 to $24.88
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$16.25 $2.52 Fair Value $7.57 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range $2.52 – $16.25 · fair‑value band $1.80 – $24.88 · the $3.59 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 Sep 24, 2026.

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Company profile

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

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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.

Stock analysis

Medical Properties Trust, Inc. (MPT) currently trades at $3.59, while our model-based Fair Value estimate is $7.57, implying the stock looks roughly 52.6% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of $12.05 per share, and 10 of the 12 models we run sit above the $3.59 price.

Bear case: the Growth DCF group reads lowest at $2.34, and 2 of the 12 models stay below the price. Evidence for this calculation is medium.

Scenario range: $1.80 (bear) to $24.88 (bull), the price of $3.59 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 45/100 (below-average quality), in the Real Estate sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

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.

Key figures

Market cap $2.7B · P/S ratio 2.46 · EPS (TTM) $−0.2100 · Dividend yield 9.5% · Net margin −28.5% · Return on equity −2.7% · Return on assets (EBIT) 3.4% · Operating margin 58.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 38% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 6% fair-value upside, at 111%, MPT screens cheaper than that median.

Fair Value models

Bear $1.80 Fair Value $7.57 Bull $24.88
Model Each model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence Evidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Growth DCF n/a $14.69 $38.00 75
FCF DCF $0.1800 $12.05 $41.94 69
5Y Revenue Exit n/a $3.41 $15.13 69
All 12 models by family
DCF Models
FCF DCF $0.1800 $12.05 $41.94 69
5Y Revenue Exit n/a $3.41 $15.13 69
5Y EBITDA Exit $0.9000 $16.53 $37.52 66
10Y Revenue Exit n/a $5.16 $18.97 64
10Y EBITDA Exit $0.5500 $15.08 $39.89 58
Dividend Discount
Gordon GGM $2.84 $5.65 $8.56 67
DDM Multi-Stage $2.84 $4.89 $5.97 67
Multiples
EV/EBIT n/a $4.54 $9.51 61
EV/EBITDA $2.01 $7.79 $13.56 61
Asset-Based
NCAV (Graham) $3.85 $5.16 $7.70 54
Growth DCF
Growth DCF n/a $14.69 $38.00 75
Rev-Margin DCF n/a $2.34 $12.90 69

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Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 22

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 38
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 81
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality Growth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 9/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.4%
Revenue growth 3 years Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−14.3%
Revenue growth 5 years Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.9%
Start year 2020 (pandemic). Over 10 years: +8.2% a year
Revenue growth 21 years Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.8%
Profit margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
86.2% (2019) → 55.5% (2025)
What shareholders gained per year We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes This turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+31.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect Analysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +27.9% a year for the price and +2.9% for the forecasts.
Forecast 2026 (sales)+7.0%
Forecast 2027 (sales)+5.6%
Projected 2028 (sales)+5.1%
Projected 2029 (sales)+4.7%
Projected 2030 (sales)+4.2%

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Recent news

News mood News mood, the average tone of recent news (73 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Positive
Recent news coverage is more positive than average.

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Price, fair value, quality and upside side by side.

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Peer GroupHow 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.REIT - Healthcare Facilities · 25 stocks

Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 46 · Below median
Fair Value upside +111% · Top 25%
Profitability
Return on assets 3% · Above median
Net margin (TTM) −11% · Bottom 25%
Operating margin (TTM) 58% · Above median
Growth and dividend
Revenue growth 13% · Above median
Dividend yield (TTM) 9.5% · Top 25%
Balance sheet
Debt / equity 2.11× · Highest 25%

Valuation Multiplesvs REIT - Healthcare Facilities median · lower = cheaper

P/B 0.59× · Cheapest 25%
P/S (TTM) 2.46× · Cheapest 25%
P/FCF 11.7× · Cheapest 25%
EV/EBITDA 12.5× · Cheaper than median
PEG 1.61× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 42
FUTURE (revenue growth)63 · sector 36
PAST (return on equity)0 · sector 23
HEALTH (low debt)0 · sector 73
DIVIDEND (yield)100 · sector 100

Context: sector, industry, market

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

Similar stocks

10 more REIT - Healthcare Facilities stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Welltower Inc WELL $230.39 $76.38 −67%
Ventas, Inc VTR $86.86 $36.31 −58%
Omega Healthcare Investors, Inc OHI $46.47 $57.49 +24%
Healthpeak Properties, Inc DOC $20.60 $22.31 +8%
American Healthcare REIT, Inc AHR $51.69 $14.43 −72%
CareTrust REIT, Inc CTRE $37.43 $39.80 +6%
Healthcare Realty Trust Incorporated HR $18.18 $20.60 +13%
Aedifica NV AED €66.40 €59.48 −10%
Sabra Health Care REIT, Inc SBRA $19.81 $22.66 +14%
National Health Investors, Inc NHI $67.41 $71.68 +6%

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

Frequently asked questions

Is Medical Properties Trust, Inc. (MPT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $7.57 versus a price of $3.59, about +111% upside (undervalued).
What is the fair value of MPT?
Our model-based fair value for Medical Properties Trust, Inc. is $7.57 (as of Sep 24, 2026), built from audited fundamentals. The current price: $3.59.
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 price target for Medical Properties Trust, Inc. (MPT)?
Our model-based price target is the fair value of $7.57 (as of Sep 24, 2026) from 12 valuation models. Cautious scenario $1.80, optimistic scenario $24.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Medical Properties Trust, Inc. stock forecast for 2026?
Our models put fair value at $7.57, about +111% upside versus a price of $3.59 (undervalued). Cautious scenario $1.80, optimistic scenario $24.88. The calculation is refreshed regularly with new filings.
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 Sep 24, 2026).
Does Medical Properties Trust, Inc. pay a dividend?
Medical Properties Trust, Inc. currently shows a dividend yield of about 9.47% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Medical Properties Trust, Inc. (MPT)?
For today's price to be fair in a discounted-cash-flow model, Medical Properties Trust, Inc. would have to grow free cash flow by +31.0 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MPT use?
Our models discount Medical Properties Trust, Inc. at 10.8 %: a base by market capitalisation (mid), damped by beta 1.46, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Medical Properties Trust, Inc. that is +31.0 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Medical Properties Trust, Inc. (MPT) delivered so far?
Over the past 5 years revenue at Medical Properties Trust, Inc. grew -4.9 % a year. The price currently implies +31.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Medical Properties Trust, Inc. (MPT) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Medical Properties Trust, Inc. (+31.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Medical Properties Trust, Inc. (MPT)?
The free-cash-flow yield on the price is 10.70 %: that much free cash flow Medical Properties Trust, Inc. produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Medical Properties Trust, Inc. (MPT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Medical Properties Trust, Inc. it is $7.57 per share (as of Sep 24, 2026), against a price of $3.59. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Medical Properties Trust, Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MPT trades below its calculated fair value: price $3.59, fair value $7.57, a gap of about +111% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MPT?
No. The price is what the market pays today ($3.59); the fair value is what the company's own numbers justify ($7.57). For Medical Properties Trust, Inc. the two are $3.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is Medical Properties Trust, Inc. worth?
The market values Medical Properties Trust, Inc. at about $2.7B (market capitalisation, as of Sep 24, 2026). Per share that is $3.59; our models calculate a fair value of $7.57 per share.
What do the bullish and bearish scenarios say about MPT?
Our models span a range for Medical Properties Trust, Inc.: cautious scenario $1.80, base $7.57, optimistic $24.88 per share (as of Sep 24, 2026, price $3.59). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of MPT?
The PEG ratio of Medical Properties Trust, Inc. is 1.61 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Medical Properties Trust, Inc. (MPT)?
Balance-sheet figures for Medical Properties Trust, Inc. (as of Sep 24, 2026): return on equity −2.7%, debt of 2.11 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is MPT from its 52-week high?
Medical Properties Trust, Inc. trades at $3.59, about 38% below its 52-week high of $5.80 and 6% above the low of $3.39 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $7.57 is for.
Which stocks are comparable to Medical Properties Trust, Inc.?
From the same area (Real Estate) we also value Welltower Inc, Ventas, Inc, Omega Healthcare Investors, Inc, Healthpeak Properties, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Medical Properties Trust, Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price $3.59, calculated fair value $7.57 (+111%), Quality Score 45/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MPT calculated?
We run Medical Properties Trust, Inc. through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $7.57, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Medical Properties Trust, Inc. currently trades 111 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Medical Properties Trust, Inc. (MPT)?
The closing price on Sep 23, 2026 was $3.59. Our model-based fair value is $7.57, about +111% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Medical Properties Trust, Inc. right now?
The model range is unusually wide ($1.80 to $24.88). 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.

Key figures of Medical Properties Trust, Inc.

How large is the market capitalisation of Medical Properties Trust, Inc. (MPT)?
The market capitalisation of Medical Properties Trust, Inc. is $2.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Medical Properties Trust, Inc. (MPT)?
The price-to-sales ratio of Medical Properties Trust, Inc. is 2.46 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Medical Properties Trust, Inc. (MPT)?
Earnings per share at Medical Properties Trust, Inc. are $−0.2100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Medical Properties Trust, Inc. (MPT)?
The dividend yield of Medical Properties Trust, Inc. is 9.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Medical Properties Trust, Inc. (MPT)?
The net margin of Medical Properties Trust, Inc. is −28.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Medical Properties Trust, Inc. (MPT)?
The return on equity (ROE) of Medical Properties Trust, Inc. is −2.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Medical Properties Trust, Inc. (MPT)?
On an EBIT basis the return on assets of Medical Properties Trust, Inc. is 3.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Medical Properties Trust, Inc. (MPT)?
The operating margin of Medical Properties Trust, Inc. is 58.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Medical Properties Trust, Inc. (MPT)?
Revenue at Medical Properties Trust, Inc. is growing +12.6% versus a year earlier (3y avg −14.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Medical Properties Trust, Inc. (MPT) carry?
The net debt of Medical Properties Trust, Inc. is $9.3B (fiscal year 2025, ≈ 40.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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