Medical Properties: Don't Worry About The Steward Bankruptcy
MPWMedical Properties Trust(MPW) Seeking Alpha·2024-05-12 23:06

Richard Drury Medical Properties Trust (NYSE:MPW) reported solid results for the first fiscal quarter this week, especially when considering how stressful the situation has become with regard to one of the REIT's most important tenants, Steward. The healthcare facility operator this month declared bankruptcy and seeks to restructure its business via Chapter 11 proceedings. From an operational perspective, Medical Properties managed to support its current dividend of $0.15 per-share with normalized FFO. I do ...