From Nasdaq:

Medical Properties Trust (NYSE: MPW) stock plummeted 29% as its biggest tenant, Steward Health Care System, failed to make rental and loan payments. MPT expects massive Q4 write-offs and has hired financial and legal advisers to recover $225 million straight-line rent, $25 million in rent ($100 million in loans.). Despite the substantial sell-off, with prospects of upfront losses and possible lengthy litigation, MPT is not a favorable investment at this time. The Motley Fool has excluded MPT from their list of potential moneymakers, citing hefty returns since 2002. Keith Noonan has no stake in MPT, and Nasdaq Inc. doesn’t necessarily condone his views.

Read more: Medical Properties Trust Stock Plummeted Today — Is It a Buy for 2024?