Medical Properties Trust completes sale of facilities; shares slip

Medical Properties Trust

10/04/2024 12:19

** Medical Properties Trust  MPW.N  shares fall 3.5% in
premarket trade after the real estate firm said it had completed
its previously announced sale of five facilities in California
and New Jersey to Prime Healthcare for $350 million
    ** The total consideration of transaction consists of $250
million paid in immediate cash and a $100 million
interest-bearing mortgage note due to MPT in nine months, the
company said
    ** Medical Properties Trust shares have lost 12.8% YTD

 (Reporting by Ozan Ergenay)
 ((ozann.ergenay@thomsonreuters.com))