On February 23, 2023, Medical Properties Trust, Inc. announced Q4 and full year 2022 financial results in line with consensus estimates. The Company disclosed a real estate impairment of approximately $171 million related to four properties leased to Prospect Medical Holdings, and a write-off of roughly $112 million in unbilled Prospect rent.
Questions regarding the financial health of large MPW tenants, including Prospect, have been a focal point in reports on the company by the Bear Cave and short seller Viceroy Research.
Shares of Medical Properties Trust, Inc. fell more than 8% on February 23, 2023.
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