MPW records additional $140M fair value write-down on PHP Holdings investment to ~$500M

MEDICAL PROPERTIES TRUST INC

2024-Q1 EPS reported -$1.46 revenue$271,316,000

Additional $140M unfavorable fair value adjustment to PHP Holdings investment, bringing total to ~$500M as of March 31, 2024.
Adjustment based on updated bidder indications received from Prospect's investment bankers on May 23, 2024.
Original Q1 2024 results reported $60M decline; total decline now ~$200M from $700M at year-end 2023.
No other changes to previously reported Q1 financial statements; updated supplemental furnished as Exhibit 99.1.
Subsequent event recognized per FASB ASC 855; reviewed with PwC and Audit Committee.

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