Medical Properties Trust, Inc. (MPW)

In May 2025, MPW reported a first-quarter net loss of ($0.20) per share and NFFO of $0.14 per share. In July 2025, the company announced a second-quarter net loss of ($0.16) per share and NFFO of $0.14 per share. In August 2025, Medical Properties Trust announced a new lease agreement for six facilities in California. September 2025 included a portfolio update. On October 30, 2025, MPW reported a third-quarter net loss of ($0.13) per share and NFFO of $0.13 per share, missing consensus estimates and revealing a $150 million strategic common stock repurchase program. In November 2025, the company increased its regular quarterly dividend to $0.09 per share (annualized $0.36). The stock has gained 27.8% in the past three months and 43.5% year-to-date as of November 28, 2025, outperforming the industry, but analysts have an average "Reduce" rating on the stock with a consensus price target of $5.50.

Demand for Medical Properties Trust's services does not exhibit significant seasonality. The healthcare sector is generally stable, and the rising senior citizen population is expected to increase healthcare expenditure. Long-term, triple-net lease agreements contribute to stable and predictable cash flows.

Medical Properties Trust, Inc. (MPW), established in 2003, is a self-advised REIT specializing in healthcare facilities. The company acquires and develops net-leased hospital facilities, leasing them back to healthcare operating companies under long-term net leases. MPW's services include acquiring hospital real estate with long-term triple-net leases, providing first-mortgage loans secured by healthcare real estate, and selectively taking minority equity stakes in tenant operations. Its portfolio primarily consists of acute care hospitals, along with rehabilitation and behavioral health facilities.

Medical Properties Trust operates across nine countries and three continents. As of September 30, 2025, the company owned approximately 388 facilities with around 39,000 licensed beds. As of late 2023, it owned approximately 441 facilities and 43,000 licensed beds. Its healthcare investments are located in the United States, Europe (including the United Kingdom, Germany, Switzerland, Spain, Italy, Portugal, and Finland), and South America (Colombia).

In December 2023, Medical Properties Trust was recognized on Newsweek's list of America's Most Responsible Companies in 2024 for its focus on environmental sustainability, inclusive employee environment, and community involvement. However, the company's reputation has been impacted by challenges with key tenants, notably Steward Health Care, leading to strategic asset sales and efforts to strengthen the balance sheet. Analyst sentiment is cautious, with an average "Reduce" recommendation and concerns about liquidity and asset impairment risks.

Medical Properties Trust, Inc. is owned by a mix of institutional shareholders (55.76%), individual insiders (2.15%), and retail investors (42.09%). Major institutional owners include BlackRock, Inc., Vanguard Group Inc., State Street Corp., Charles Schwab Investment Management Inc., Aqr Capital Management Llc., Geode Capital Management LLC., Coatue Management LLC., Dimensional Fund Advisors LP., Allianz Asset Management Gmbh., and Morgan Stanley. The largest individual shareholder is Edward K. Aldag Jr., the company's Chairman, President, and CEO, owning 5.08 million shares, representing 0.85% of the company.