Reported 27 days ago
Medical Properties Trust's shares surged by 16.8% following a legal settlement with its largest tenant, Steward Health Care. This agreement enables MPT to form new leases with four hospital operators, set to begin generating income in 2025. Despite prior financial troubles and a significant dividend cut, the resolution marks a hopeful turnaround for the REIT as it overcomes challenges and stabilizes its revenue.
Source: YAHOO