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This statistic highlights Medical Properties Trust’s Revenue by Segment from Q1 2016 onwards. split across rent billed, straight-line rent, income from financing leases, interest and other income, on a quarterly basis.
The following table shows the company’s revenue by segment as follows:
|Revenue by Segment||Q4 2020||Q3 2021||Q4 2021||Contribution in Q4 2021|
|Income from financing leases||$49.10||$50.70||$50.70||12.40%|
|Interest and other income||$26.50||$33.30||$32.60||8%|
(All figures in millions, except percentages)
Rent billed is the amount of base rent actually billed to the tenants/borrowers each period in accordance with the contract of lease.
Revenue from this segment accounted for approximately 63.4% of the company’s total consolidated revenues. It increased from $242.2 million in Q3 2021 to $259.5 million in Q4 2021, marking an upsurge of 7.1% on a quarter-on-quarter basis.
Straight-line rent is the revenue acquired from the difference between rent revenue attained in accordance with the straight-line method and the amount recorded as rent billed revenue. The difference between rent revenues accumulated and payments due from particular lease contracts is recognized as an increase or decrease to straight-line rent receivables.
Revenue from this segment increased from $64.6 million in Q3 2021 to $66.5 million in Q4 2021, marking a growth of about 2.94% on a quarter-on-quarter basis. This segment held about 16.2% of the total consolidated income earned by the company in Q4 2021.
Income from financing leases
Financing lease income is recognized using the imputed interest method and arises when the acquisition and ensuing lease of the property back to the dealer does not satisfy the criteria of a sale. Furthermore, an additional type of financing lease is a direct financing lease (“DFL”). Under leases that are accounted as DFLs, at the time of lease inception, prospective minimum lease expenses are recognized as receivable, while, the difference between the approximate residual values less the price of the facility and the future minimum lease payments is recorded as unearned income.
This segment held about 12.4% of the company’s total revenue consolidated revenue. Revenue from financing leases remained unchanged compared to quarter on quarter basis. While it slightly increased by about 3.3% compared to $49.1 million earned in Q4 2020.
Interest and other income
Interest Revenue: Income from the interest segment comes from borrowers/tenants on working capital loans, mortgage loans, and other long-term loans. Revenues from loans are recognized as they are earned based on the principle of outstanding and duration of the respective policy.
Other Revenue: It includes commitment fees acquired from lessees primarily for development and leasing services. Revenue from this category is at first registered as deferred revenue and recognized as income over the duration of the arrangement using the interest method.
This segment held about 8% of the company’s total revenue consolidated revenue. It marked a slight decline of about 2.1% on a quarter-on-quarter basis, specifically stated as $33.3 million in Q3 2021 to $32.6 million in Q4 2021.
About the Company
Founded in 2003, Medical Properties Trust is a leading self-advised real estate investment trust (“REIT”), that actively acquires and develops net-leased healthcare facilities. Currently, the company has investments in 437 facilities and about 46,000 licensed beds. Its key operating region includes the U.S., Europe, Australia, and South America and has over 112 high-performing employees around the world. Its principal executive offices are located in Birmingham, Alabama. Its common stock is publically traded under the ticker symbol “MPW” on the New York Stock Exchange. Some of its primary competitors are Welltower Inc, Ventas Inc, Geo Group Inc, Healthpeak Properties Inc.
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