Why Medical Properties Trust Plunged Today
MPWMedical Properties Trust(MPW) The Motley Fool·2024-05-07 03:26

Its largest tenant filed for bankruptcy, and the medical REIT will provide it even more in debtor financing. Shares of Medical Properties Trust (MPW -7.80%) fell in Monday trading, down 7.7% as of 1:39 p.m. ET. The medical property real estate investment trust (REIT) has been see-sawing this year after a disastrous 2023 in which long-term interest rates rose and its largest tenant encountered severe financial problems that caused it to stop paying rent. After hope emerged in late March, however, that tenant ...