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MPW - REIT- Medical Properties
08-31-2022, 02:28 PM
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#1
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Full time employment: Posting here.
Join Date: May 2019
Posts: 520
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MPW - REIT- Medical Properties
Div: 7.9%.
Trading pretty close to 52 week low - it's around $14.60 today.
Pre-Covid - traded around 22-24.
During the Covid Crash - Went down to $14.07.
So I look at it - it's basically trading at what it did at the height of Covid selling.
Don't see any gaps in the dividend and the div raises are modest - but consistent with the most recent increase being 12/21 -- I would think paying out more cash - isn't a bad sign?
So.... there's gotta be a catch - why will they pay my chubby BigMac eating backside a nice 7.9%? I can't speak to each and every one of their properties -- but overall - and this is a very qualitative statement - I dunno, hospitals, doctors offices complexes - - I don't remember those parking lots being empty point being, people are going to the doctor and hospital. If anything, again people, and household formation by the Z's and Millennials would keep the medical properties busy and not vacant?
Hoping some of the investors here would comment ....? Thanks
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08-31-2022, 02:36 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Sep 2014
Location: The Great Wide Open
Posts: 3,804
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I pretty sure REITS have to pay out 90% of their taxable income, but it may not all be profit. I can't say much for MPW, but I've owned DOC, CTRE, and OHI for years in my dividend/income portion of my portfolio. Modest price appreciation, dividends are decent. I'm sure MPW is similar and will be fine.
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Give me Liberty or give me Death. Patrick Henry
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08-31-2022, 06:59 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2017
Location: Western NC
Posts: 4,633
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A decent coverage ratio is what you want to see.
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08-31-2022, 07:25 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2016
Location: SoCal
Posts: 1,293
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I don't recall the specifics, but supposedly they lent their largest tenant $, which enabled that tenant to make their payment to MPW, causing some to fear that their largest tenant would go under soon.
Check into it, I might be off with the details.
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09-01-2022, 09:47 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,931
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REITs are not the place you want to be in a rising interest rate environment.
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09-01-2022, 10:53 AM
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#6
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,727
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MPW has gotten some bad press lately. Seeking Alpha has a few articles discussing it. Free to read.
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*********Go Yankees!*********
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09-01-2022, 04:51 PM
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#7
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Recycles dryer sheets
Join Date: May 2014
Location: Big Sky Country, Montana
Posts: 288
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Mine had great tenants too. Like Amazon. It was made to look good on paper. But the insiders were thieves and I lost a bundle. My former (now fired) advisor set this up and said he regretted it later. But what a mistake!
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09-03-2022, 09:21 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 1,561
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 Quote:
Originally Posted by Mr. Tightwad
I don't recall the specifics, but supposedly they lent their largest tenant $, which enabled that tenant to make their payment to MPW, causing some to fear that their largest tenant would go under soon.
Check into it, I might be off with the details.
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https://seekingalpha.com/article/450...dispels-rumors
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"No beast so fierce but knows some touch of pity, but I know none, therefore am no beast"
Shown @ The End Of The Movie 'Runaway Train'
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09-03-2022, 09:38 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 1,561
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Quote:
Originally Posted by njhowie
REITs are not the place you want to be in a rising interest rate environment.
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That's what I thought too. I own a REIT similar to MPW.
National health investors (NHI)
Not sure if yahoo charts are accurate, & it's only for 6 months, but that shows....
NHI @ +18% Vs -10% for the S&P 500
Full Disclosure: If you switch to a five-year, the S&P 500 crushes the REIT.
__________________
"No beast so fierce but knows some touch of pity, but I know none, therefore am no beast"
Shown @ The End Of The Movie 'Runaway Train'
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