Confessions Of A Medical Properties Trust Bagholder
MPWMedical Properties Trust(MPW) Seeking Alpha·2024-01-29 13:42

izusek/E+ via Getty Images I'm now a Medical Properties Trust (NYSE:MPW) bagholder, an unfortunate position in a new year that promised optimism. The owner of acute care hospitals kicked off 2024 with a barrage of setbacks stemming from Steward Health Care System ("SHCS"), its largest tenant. SHCS drove 70.7millioninrevenueforMPWslastreportedfiscal2023thirdquarter,around2370.7 million in revenue for MPW's last reported fiscal 2023 third quarter, around 23% of total revenue of 306.6 million realized during the period. SHCS recently hired a restructuring adviser and is only p ...