Medical Properties Trust (NYSE: MPT) is a real estate investment trust that acquires and leases hospital and other healthcare facilities. It makes money primarily by collecting rent from healthcare operators who lease its properties under long-term agreements, and it also earns income from loans made to tenants and operators. MPT operates a portfolio of over 380 properties across nine countries as of the FY2025 10-K filed February 26, 2026. The company is organized as a Maryland corporation and conducts substantially all operations through its subsidiary, MPT Operating Partnership, L.P. Geographic exposure spans the United States, Europe, and South America. Tenant credit quality is a direct driver of financial performance, and the portfolio has faced stress from operator bankruptcies, including affiliates of Prospect Medical Holdings. MPT is debt-heavy by nature of its REIT structure and capital-intensive acquisition model. The common stock trades on the New York Stock Exchange, with an aggregate market value of non-affiliate shares based on a price of $4.31 as of June 30, 2025.
Net-leased hospital and healthcare real estate properties; mortgage loans and other financing to healthcare operators.
Rental income from long-term leases with hospital and healthcare facility operators, supplemented by interest income on loans extended to tenants and operators.
Healthcare facility operators and hospital systems acting as tenants or borrowers; end market is acute and general inpatient hospital care across the U.S., Europe, and South America.
United States, Europe, and South America; portfolio of over 380 properties across nine countries as of FY2025 10-K filing dated February 26, 2026.
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