Medical Properties Trust: Difference between revisions
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[[File:Medical Properties Trust logo.png|right|200px]] | |||
'''Medical Properties Trust''' is a publicly-traded real estate investment trust focused on acquiring property leased by medical care providers. It was founded in [[2003]] by [[Edward Aldag Jr]] and has offices at [[1000 Urban Center Drive]] in [[Liberty Park]]. In addition to its real estate acquisitions, the company has invested in health care providers. | '''Medical Properties Trust''' is a publicly-traded real estate investment trust focused on acquiring property leased by medical care providers. It was founded in [[2003]] by [[Edward Aldag Jr]] and has offices at [[1000 Urban Center Drive]] in [[Liberty Park]]. In addition to its real estate acquisitions, the company has invested in health care providers. | ||
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* [https://medicalpropertiestrust.com/ Medical Properties Trust] website | * [https://medicalpropertiestrust.com/ Medical Properties Trust] website | ||
[[Category:Public companies]] | [[Category: Public companies]] | ||
[[Category:2003 establishments]] | [[Category: 2003 establishments]] | ||
[[Category:1000 Urban Center Drive]] | [[Category: 1000 Urban Center Drive]] | ||
Revision as of 11:24, 16 May 2024
Medical Properties Trust is a publicly-traded real estate investment trust focused on acquiring property leased by medical care providers. It was founded in 2003 by Edward Aldag Jr and has offices at 1000 Urban Center Drive in Liberty Park. In addition to its real estate acquisitions, the company has invested in health care providers.
The company is listed in the New York Stock Exchange (MPW), and is a component of the S&P 400 index. In 2019 Medical Properties Trust employed 86 people. In 2020 the company reported $1.25 billion in revenues. In 2022 its worldwide assets totaled $22.3 billion.
In 2022 Medical Properties Trust announced plans to construct a new headquarters building at Liberty Park. In the 4th quarter of 2023 and 1st quarter of 2024 the company reported net losses totaling $1.4 billion, much of which was related to the failure of Steward Health Care of Dallas, Texas, which operated just under 20% (by value) of Medical Property Trust's acute-care hospital portfolio, primarily in Massachusetts. In response, the company sold off several properties to generate liquidity and allow it to secure new operators for those hospitals.
References
- Poe, Kelly (September 26, 2016) "Medical Properties Trust buying nine properties for $1.2 billion" The Birmingham News
- Spegele, Brian (February 14, 2022) "How a Small Alabama Company Fueled Private Equity’s Push Into Hospitals." The Wall Street Journal
- O'Leary, A. J. (May 2, 2022) "Medical Properties Trust plans new Liberty Park headquarters." Birmingham Business Journal
- Batt, Rosemary & Eileen Applebaum, with Tamar Katz (July 9, 2022) "The Role of Public REITs in Financialization and Industry Restructuring." Center for Economic and Policy Research Working Paper No. 189. Institute for New Economic Thinking - accessed May 16, 2024
- O'Leary, A. J. (May 15, 2024) "MPT selling assets, leasing hospitals following major tenant struggles." Birmingham Business Journal
External links
- Medical Properties Trust website