Medical Properties Trust, Inc. (NYSE:MPW) Q4 2022 Earnings Call Transcript

Steven Hamner: Well, no, we expect it to remain in that five to six times that we were working on and making great progress on until the latter part of last year. So, that remains our strategy is to maintain that level of long-term leverage — and to do that, along with making accretive acquisitions, we need to see, first, as Ed has mentioned now, some certainty in the cost of debt. And we need to see some rationality on the part of sellers for recognizing that the cost of capital is driving down the otherwise value of their assets. And until all that happens, and we can access affordable equity-type capital, then we won’t be making significant acquisitions, certainly not if that means driving up leverage.

John Pawlowski: Okay. Thank you.

Operator: And ladies and gentlemen, with that, we will end today’s question-and-answer session. I’d like to turn the floor back over to Ed Aldag for any closing remarks.

Edward Aldag: Jamie, thank you very much. And as always, we appreciate your listening in and your interest. — have any follow-up questions, please don’t hesitate to give us a call. Thank you very much.

Operator: Ladies and gentlemen, with that, we’ll be closing today’s conference call and presentation. We do thank you for joining. You may now disconnect your lines.