Medical Properties Trust to Celebrate 10 Years of Listing on the NYSE by Ringing the Closing Bell This Afternoon
Birmingham, AL – July 8, 2015: Ten years ago today, the stock of Birmingham-based Medical Properties Trust began trading under the ticker symbol “MPW.”
At 3:00 p.m. Central time this afternoon, in celebration of completing 10 years as a New York Stock Exchange-listed company, Medical Properties Trust’s Chairman, President and CEO Edward K. Aldag, Jr. will ring the closing bell at the Exchange with the help of Executive Vice Presidents R. Steven Hamner and Emmett E. McLean and a group of MPT board members and employees.
It will be a special moment for all of them. As Aldag noted, “It’s especially gratifying to be ringing the bell again – 10 years down a remarkable road in our company’s relatively short history – with many of the people who have worked so hard to bring us this far.”
Ten years ago, the two-year old real estate investment trust (or REIT) owned only 12 properties across seven U.S. states, worth approximately $287 million (at cost). And shareholders numbered approximately 316.
Today, MPT’s portfolio is significantly larger – including 175 properties across the U.S. and Western Europe – worth a total of nearly $5 billion. And there are more than 71,000 shareholders around the world.
MPT is the only healthcare REIT specializing in acute care hospitals, for which the company has become the preferred source of real estate capital.
And now, MPT ranks as the fourth largest owner of for-profit hospital beds in the world, with more than 19,000 beds in its portfolio.
“With the unwavering support of the entire MPT team in our Birmingham and New York offices, we look forward to even greater success as Medical Properties Trust continues its mission of “investing in the future of healthcare,” Aldag said.
To see the bell ringing live at 3:00pm Central, please CLICK HERE.