MEDIUMOutside partyTenant
Circle
“10-K Item 1A: 'our largest tenants – Circle, Priory, HSA, Swiss Medical, and Lifepoint Behavioral – represented 14.1%, 8.7%, 8.0%, 5.8%, and 5.4%, respectively, of our total assets'”
MPT · Concentration risk · 10-K extracted
Medical Properties Trust (MPT) concentration risks
Updated
The most significant concentration Medical Properties Trust discloses is Circle, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Medical Properties Trust’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
international (outside U.S.)
“10-K Item 1A: 'we had approximately 50.3% of our total assets located in eight different countries outside the U.S.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile spans a tenant-level dependency and a geographic diversification that cuts both ways. On the tenant side, the filing discloses five largest tenants — Circle, Priory, HSA, Swiss Medical, and Lifepoint Behavioral — with percentage shares of total assets; the leading tenant, Circle, has the largest disclosed position among those named. By disclosed size this is a moderate-share exposure with a dependency character, meaning Circle's lease obligations and operational health are the most material single-name variable in the tenant portfolio. The disclosures cover shares of total assets rather than revenue, so the relationship between asset concentration and income generation involves additional assumptions. On the geographic side, approximately 50.3% of total assets were located in eight different countries outside the United States — a moderate share by disclosed size with a structural character. This reflects the company's deliberate international expansion of its hospital portfolio rather than dependence on any single foreign jurisdiction. The international footprint diffuses country-level risk across eight markets but introduces foreign currency, regulatory, and healthcare system dynamics that vary by country. Together, these two exposures describe a portfolio that is meaningfully international and modestly concentrated in its largest tenant. The two dimensions are relatively independent in their risk drivers — operator credit and lease performance on the tenant side, currency and sovereign healthcare policy on the geographic side — so neither alone defines the full picture.
For the engine’s reasoning on MPT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Healthcare Facilities
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| DOC | Healthpeak Properties, Inc. | 1 | 0 | 1 | 2 |
| HR | Healthcare Realty Trust Incorpo | 1 | 0 | 1 | 2 |
| AHR | American Healthcare REIT, Inc. | 1 | 0 | 0 | 1 |
| MPT● | Medical Properties Trust, Inc. | 0 | 2 | 0 | 2 |
| CTRE | CareTrust REIT, Inc. | 0 | 1 | 1 | 2 |
| DHC | Diversified Healthcare Trust | 0 | 1 | 1 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.