Medical Properties Trust, a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities, has collected 96% of May rent and loan payments, matching the percentage collected in April.
“Hospitals around the country and in other parts of the world began this month to again admit patients for elective procedures, we hope signaling that the worst of the hospital crisis is behind us,” said Edward K. Aldag, Jr., MPT’s Chairman, President and Chief Executive Officer. “Through the two worst months of the crisis our tenants paid us 96% of rents and loan payments.”
Aldag added, “This outstanding performance by our tenants, along with the unprecedented financial and operational support that governments have provided to hospitals is abundant evidence of our cornerstone investment philosophy: governments and citizens in MPT’s markets around the world are committed to assuring hospital care to all who need it – and will create ways to provide that care even in times of pandemic crisis.”
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