"Medical Properties Trust Intensifies Rent Collection as Losses Mount and Stock Nears 14-Year Low"
TL;DR Summary
Medical Properties Trust, the largest hospital landlord in the U.S., announced significant write-downs of approximately $350 million due to its main tenant, Steward Health Care System, falling behind on rent. The company also engaged a notable restructuring adviser, signaling potential further financial distress. This announcement led to a nearly 30% drop in MPT's stock price in early trading, with a total decline of 70% over the past year.
Topics:business##business-and-finance#hospitallandlord#medicalpropertiestrust#stewardhealthcare#stockmarket#writedowns
- Nation's Biggest Hospital Landlord Suffers New Losses The Wall Street Journal
- Medical Properties Trust Provides Update on Steward Health Care Yahoo Finance
- Medical Properties Trust's stock drops sharply to approach 14-year low as tenant falls $50 million behind on rent MarketWatch
- Medical Properties Trust beefs up efforts to recover uncollected rents from Steward (MPW) Seeking Alpha
- Medical Properties Trust (NYSE:MPW) Expedites Rent Recovery Efforts - TipRanks.com TipRanks
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