Added to YB: 2026-03-23
Pitch date: 2026-03-19
MPT [bearish]
Medical Properties Trust, Inc.
-5.74%
current return
Author Info
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Company Info
Medical Properties Trust, Inc. is a self-advised real estate investment trust to acquire and develop net-leased hospital facilities.
Market Cap
$2.8B
Pitch Price
$4.70
Price Target
N/A
Dividend
7.01%
EV/EBITDA
13.21
P/E
-10.18
EV/Sales
11.26
Sector
Health Care REITs
Category
turnaround
Even More Problems at Medical Properties Trust (MPT)
MPT (update - short): HSA tenant sent notice of default Feb 27 (1 day post-10K filing) for $11.5M unpaid county liens & $85M working capital loan. CEO claimed HSA '1x rent coverage' on Feb 19 call, but HSA paying only 50% contractual rent (scheduled to ramp to 100% by Q4 2026). $152M non-cash straight-line rent = 15.6% total rev vs <5% peer avg. $500M debt due Oct 2026, $1.4B Oct 2027. Vibra restructuring included $32M MPT payment + $18M one-time rent from tenant. Top shareholders include Mr. Yet (food wholesaler w/ 2001 felony plea) & Mr. He (claimed $10k/mo income in 2022 indigent filing). Stock -70% since Jun 2021 Bear Cave report; Steward bankruptcy May 2024. Non-cash rent receivables $881M. Springfield hospital sold for $1M post-Prospect bankruptcy.
Read full article (8 min)