Investigation announced for Investors in shares of Medical Properties Trust, Inc. (NYSE: MPW) over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Medical Properties Trust, Inc.

Investors who purchased shares of Medical Properties Trust, Inc. (NYSE: MPW) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Medical Properties Trust, Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Birmingham, AL based Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. Medical Properties Trust, Inc. reported that its annual Total Revenue rose from over $1.24 billion in 2020 to over $1.54 billion in 2021, and that its Net Income increased from $431.45 million in 2020, to $656.02 million in 2021.

On October 6, 2022, The Bear Cave released a report titled "More Problems at Medical Properties Trust (MPW)." The Bear Cave report claims it "uncovers a haphazard assortment of issues including distressed tenants, dubious representations, excessive spending, potential auditor independence issues, and a perplexing undisclosed entity for property management."

On February 23, 2023, Medical Properties Trust, Inc announced its fourth quarter and full year 2022 financial results. Among other items, the Company disclosed an impairment of approximately $171 million on four properties leased to Prospect Medical Holdings and announced a plan to write off about $112 million in unbilled rent from the same client.

Shares of Medical Properties Trust, Inc. (NYSE: MPW) declined from $24.13 per share on January 14, 2022, to as low as $9.87 per share on March 1, 2023.

Those who purchased shares of Medical Properties Trust, Inc. (NYSE: MPW) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.