Medical Properties Trust, Inc. (MPW) is a real estate investment trust (REIT) that invests in healthcare properties. The company was founded in 2003 and is headquartered in Birmingham, Alabama. MPW focuses on investing in hospitals, outpatient clinics, and other healthcare facilities. The company’s portfolio includes properties in the United States and several other countries, including the United Kingdom, Germany, Italy, Spain, and Australia and it has grown to become one of the world’s largest owners of hospitals with 431 facilities and roughly 43,000 licensed beds.
MPW’s business model is based on leasing its properties to healthcare providers, such as hospitals and healthcare systems. The company’s leases typically have long-term durations and include rent escalations over time. This provides the company with a stable source of income and allows it to generate consistent cash flows for its investors. In addition to its property investments, MPW also provides financing to healthcare providers through its capital markets division. The company offers a range of financing options, including sale-leaseback transactions, debt financing, and equity investments.
as of March 6, 2023
MPW has a history of paying a dividend to its investors, which has been consistently increasing over time. The company’s dividend yield is typically higher than the average yield of the S&P 500 index. That yield is high AF right now at 11%, and with the stock down 50% in the last year… if the dividend stays this high, the next ten years will be good for investors. In fact, in the last decade, MPW has grown quarterly dividends by north of 50% and there’s no reason to think it can’t do the same in the next decade.