Added to YB: 2024-04-17
Pitch date: 2024-04-10
MPW [bearish]
Medical Properties Trust, Inc.
-43.61%
current return
Author Info
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Company Info
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.
Market Cap
$3.0B
Pitch Price
$3.51
Price Target
N/A
Dividend
6.46%
EV/EBITDA
17.04
P/E
-4.20
EV/Sales
12.09
Sector
Health Care REITs
Category
N/A
Show full summary:
Miller Value Partners Income Strategy Portfolio Holding: Medical Properties Trust, Inc.
MPW: Exited position after major tenant issues. $350M write-down from uncollected Steward Health Care rent, plus new $60M loan to Steward. Only 25% of Q4 rent & interest paid by Steward. MPW now negotiating new bridge facility for struggling tenant with its asset-backed lenders.
Read full article (1 min)