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Why Medical Properties Trust Plunged Today

TheMotleyFool

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Why Medical Properties Trust Plunged Today: https://g.foolcdn.com/editorial/images/776100/a-hand-pointing-at-a-digital-board-that-says-reit-1.jpg

Shares of Medical Properties Trust (NYSE: MPW) fell in Monday trading, down 7.7% as of 1:39 p.m. ET.

The medical property real estate investment trust (REIT) has been see-sawing this year after a disastrous 2023 in which long-term interest rates rose and its largest tenant encountered severe financial problems that caused it to stop paying rent.

After hope emerged in late March, however, that tenant is now filing for bankruptcy.

Source Fool.com

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