2023-10-13 05:16:00 ET
Medical Properties Trust (NYSE: MPW) has one primary goal these days: It wants to get back to full financial health. The real estate investment trust (REIT) has undertaken a series of moves to improve its finances and help its tenants return to a healthy financial footing.
The company recently took another step toward improving the health of its balance sheet. Here's a look at what it needs to do to ensure its reset dividend, which still yields an enticing 11% following its cut, remains sustainable.
Medical Properties Trust recently revealed it closed the sale of its remaining four properties in Australia to HMC Capital . The healthcare REIT sold the properties for $305 million (470 million Australian dollars), netting a solid 5.7% real estate cap rate . That completed its two-phased closing, which began in May, when it sold the first seven properties.
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This Ultra-High-Yielding Dividend Stock Continues to Take Steps to Get Healthy Again