MPT Executives Ring Closing Bell at the New York Stock Exchange Following a Hectic Trading Day
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 the end of trading 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. rang the Exchange’s closing bell with the help of Executive Vice Presidents R. Steven Hamner and Emmett E. McLean and a group of MPT board members and employees.
It was a special moment for all of them, concluding a hectic day when the Exchange closed down for several hours due to rare technical difficulties. As Aldag noted, “It was especially gratifying to be ringing the bell again – 10 years down a remarkable road in our company’s relatively short history – with many people present who have worked so hard to bring us this far.”
Ten years ago, the then 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 view footage of the bell ringing, please CLICK HERE.
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