Why Medical Properties Trust Rallied Double Digits Today
Shares of hospital real estate master limited partnership Medical Properties Trust (NYSE: MPW) rallied 13% on Thursday as of 1:48 PM EDT, even as the broader markets were largely down on fears over tariffs.
Medical Properties reported earnings this morning. After enduring a difficult couple years, investors seemed encouraged that the company's problems with key tenants may now be behind it.
In the fourth quarter, Medical Properties reported revenue of $231.8 million and normalized funds from operations (NFFO) of $0.18. While the NFFO number was down 50% from the year-ago quarter, both metrics actually beat expectations.
Source Fool.com
