Georgie's questions to MEDICAL PROPERTIES TRUST (MPW) leadership • Q2 2025
Question
Georgie, on behalf of Vikram Malhotra at Mizuho, asked about any new loans to HSA, whether HSA's EBITDA covers its rent, and for an update on the tenant in Columbia with sub-1.0x coverage.
Answer
CEO Edward K. Aldag Jr. confirmed a $5 million loan was made to HSA in May to resolve issues with the Steward transition, and noted HSA's EBITDA does not yet cover its full cash rent. Regarding the Columbia assets, he explained that while hospital operations are strong, a country-wide reimbursement delay is impacting cash collections, which he expects to be resolved within the next year.