#  @AmaralPartners AMARAL Capital
AMARAL Capital posts on X about $mpw, $mpt, in the, flow the most. They currently have [---] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.
### Engagements: [---] [#](/creator/twitter::1896142355779948544/interactions)
- [--] Week [------] -39%
- [--] Month [------] +147%
- [--] Months [-------] -15%
### Mentions: [--] [#](/creator/twitter::1896142355779948544/posts_active)
- [--] Week [--] +28%
- [--] Month [---] +80%
- [--] Months [---] -9.30%
### Followers: [---] [#](/creator/twitter::1896142355779948544/followers)
- [--] Week [---] -0.68%
- [--] Month [---] -1%
- [--] Months [---] +15%
### CreatorRank: [---------] [#](/creator/twitter::1896142355779948544/influencer_rank)
### Social Influence
**Social category influence**
[finance](/list/finance) 49.64% [cryptocurrencies](/list/cryptocurrencies) 36.5% [stocks](/list/stocks) 2.19% [social networks](/list/social-networks) 0.73% [technology brands](/list/technology-brands) 0.73% [currencies](/list/currencies) 0.73% [countries](/list/countries) 0.73%
**Social topic influence**
[$mpw](/topic/$mpw) #10, [$mpt](/topic/$mpt) #4, [in the](/topic/in-the) 13.14%, [flow](/topic/flow) 9.49%, [reit](/topic/reit) #145, [money](/topic/money) 8.03%, [debt](/topic/debt) 8.03%, [investment](/topic/investment) 8.03%, [liquidity](/topic/liquidity) 8.03%, [cash flow](/topic/cash-flow) 7.3%
**Top accounts mentioned or mentioned by**
[@blutrades11](/creator/undefined) [@perseusbc](/creator/undefined) [@bluntrrrrr](/creator/undefined) [@secgov](/creator/undefined) [@bigrivercapita1](/creator/undefined) [@secenforcement](/creator/undefined) [@yentovon](/creator/undefined) [@civisxxi](/creator/undefined) [@civisdc](/creator/undefined) [@irsci](/creator/undefined) [@michaelechols](/creator/undefined) [@dojcrimdiv](/creator/undefined) [@chaka23121](/creator/undefined) [@sfarringtonbkc](/creator/undefined) [@damiana166007](/creator/undefined) [@orrinlee5](/creator/undefined) [@wsj](/creator/undefined) [@pwc](/creator/undefined) [@pwcus](/creator/undefined) [@insiderct](/creator/undefined)
**Top assets mentioned**
[Medical Properties Trust, Inc. (MPW)](/topic/$mpw) [Miracle Play (MPT)](/topic/$mpt) [McKesson Corporation (MCK)](/topic/mckesson)
### Top Social Posts
Top posts by engagements in the last [--] hours
"There is no bottom to this PMH disaster caused by MPT. $MPW Primary bidder for Springfield failed to close in mid-December for just $3MM. Deal terminated. Back-up bidder paying just $1MM for Springfield. MPT paid $18.5MM for just the RE in [----]. A ZERO for "well-secured well-underwritten bespoke." net leased hospital real estate. Or some ridiculous buzzwords like that. It was simply a fraudulent capitalization of an insolvent WholeCo. It is nearly impossible to accomplish a ZERO in net lease. Unless you are committing blatant fraud. https://twitter.com/i/web/status/2012498529789370706"
[X Link](https://x.com/AmaralPartners/status/2012498529789370706) 2026-01-17T12:13Z [---] followers, [---] engagements
"Ed you can change the ticker as many times as you want. It doesn't alter the fact that you and your business are and have been entirely fraudulent 👇. $MPW $MPT How much money have you extended to your operators since September [----] How much since Q3:25 How many empty desks are there in the new HQ This is Exhibit A to Aldag's deceit and the degree to which he and Hamner can be trusted. $MPW ". collection of 96% of May rent and loan payments. operators demonstrate resiliency. outstanding performance by our tenants." And in the background (undisclosed of course) https://t.co/fMjoZoGl3I This is"
[X Link](https://x.com/AmaralPartners/status/2013608933617729824) 2026-01-20T13:45Z [---] followers, [----] engagements
"MPT can't even start off on the right foot with its "rebrand" to wait for it. MPT $MPW $MPT Notice that the "$1 billion of rents" is not adjusted for share of UJVs and so does not flow to the consolidated balance sheet as is and is not available 100% for debt service or dividends. So already is misleading. It also does not account for round-tripping loans to achieve that "rent" but that should be a given at this point. That's just the fraudulent model The more things change Link:"
[X Link](https://x.com/AmaralPartners/status/2013618588142231811) 2026-01-20T14:24Z [---] followers, [---] engagements
"Here comes insolvent NOR (aka insolvent HSA fka insolvent AHS) unable to satisfy the CA sale order terms (no surprise there) but with an interesting twist $MPW $MPT NOR trying to assert no personal guarantee by fearless leader Mike Sarian (who has time to tout MPT stock on Linkedin) whereas "general counsel" Faisal Gil testified (in between dodging money laundering charges and funneling money to Lemontree) in court during the sale hearing that Sarian's personal assets were available to perform Things going great already We all heard it and it is in the transcript. Do you see it yet"
[X Link](https://x.com/AmaralPartners/status/2013946018748825940) 2026-01-21T12:05Z [---] followers, [---] engagements
"Update from PMH hearing. $MPW $MPW "Delay day of reckoning. hearing cannot be delayed and vendors cutting (NOR) off." These vendors include McKesson. "Resolved.""
[X Link](https://x.com/AmaralPartners/status/2014017343639142488) 2026-01-21T16:48Z [---] followers, [---] engagements
"$MPT Update from PMH hearing. $MPW $MPW "Delay day of reckoning. hearing cannot be delayed and vendors cutting (NOR) off." These vendors include McKesson. "Resolved." Update from PMH hearing. $MPW $MPW "Delay day of reckoning. hearing cannot be delayed and vendors cutting (NOR) off." These vendors include McKesson. "Resolved.""
[X Link](https://x.com/AmaralPartners/status/2014023962255085577) 2026-01-21T17:15Z [---] followers, [---] engagements
"Insolvent NOR/HSA/AHS counsel Faisal Gil likely also on several FINCEN lists just lied in court saying he did not have his own law firm. $MPW $MPT"
[X Link](https://x.com/AmaralPartners/status/2014068176162537593) 2026-01-21T20:10Z [---] followers, [---] engagements
"The QAF liabilities being assumed by NOR. $MPW $MPT @BigRiverCapita1 @insider_ct Why is MPT just kicking in $1.2MM of funding for NOR to close PMH CA lol Was that contemplated in the sale order or at the hearing $MPW $MPT And then of course the $8.5MM from NOR is really coming from. MPT as well UCC already setup So MPT is funding the cash purchase https://t.co/EhLgBQP4dD @BigRiverCapita1 @insider_ct Why is MPT just kicking in $1.2MM of funding for NOR to close PMH CA lol Was that contemplated in the sale order or at the hearing $MPW $MPT And then of course the $8.5MM from NOR is really coming"
[X Link](https://x.com/AmaralPartners/status/2014096034876559537) 2026-01-21T22:01Z [---] followers, [---] engagements
"https://x.com/bigrivercapita1/status/2014200575676629401 How many different vendors did HSA promise those LIP proceeds to When they had already been pledged to Bear Creek $MPW https://t.co/V43lHPIMk0 https://x.com/bigrivercapita1/status/2014200575676629401 How many different vendors did HSA promise those LIP proceeds to When they had already been pledged to Bear Creek $MPW https://t.co/V43lHPIMk0"
[X Link](https://x.com/AmaralPartners/status/2014263385899086215) 2026-01-22T09:06Z [---] followers, [---] engagements
"Theres that f word again $MPW $MPT MPT picked HSA. MPT funds HSA. https://t.co/nPnXKJJM8Q https://t.co/nPnXKJJM8Q"
[X Link](https://x.com/AmaralPartners/status/2014345880141197673) 2026-01-22T14:34Z [---] followers, [---] engagements
"$MPW $MPT More of the same. @AmaralPartners No payments since June [----]. https://t.co/KqVoJpbwsl @AmaralPartners No payments since June [----]. https://t.co/KqVoJpbwsl"
[X Link](https://x.com/AmaralPartners/status/2014430131247329644) 2026-01-22T20:09Z [---] followers, [---] engagements
"Again these assumed QAF liabilities. $MPW $MPT If insolvent NOR cant make 400k payments in time then how can this work The QAF liabilities being assumed by NOR. $MPW $MPT The QAF liabilities being assumed by NOR. $MPW $MPT"
[X Link](https://x.com/AmaralPartners/status/2014444787001069716) 2026-01-22T21:07Z [---] followers, [---] engagements
"These guys cannot stop lending to their tenants. MPT has been lending to the operator of the former Steward assets non-stop since at least [----]. And Prospect since [----]. $MPW $MPT That's just what we know about. To wit below UCC dated 1/22/26. Interesting timing $MPW Would love to see the "collateral" here. https://t.co/8gRTS0xces To wit below UCC dated 1/22/26. Interesting timing $MPW Would love to see the "collateral" here. https://t.co/8gRTS0xces"
[X Link](https://x.com/AmaralPartners/status/2015040315149758863) 2026-01-24T12:33Z [---] followers, [---] engagements
"It should shock no one when the incremental bond interest incurred by MPT more than offsets any (round-tripped) new rent. $MPW $MPT AND/OR the equity gets diluted down to nothing to de-lever. Both put the worthless equity further in the hole"
[X Link](https://x.com/AmaralPartners/status/2015818558882607313) 2026-01-26T16:06Z [---] followers, [---] engagements
"MPT back in the equipment finance biz $MPW $MPT What does it mean when hospital operators start encumbering their FF&E Ask Steward and Prospect theyll tell you all about Aldag and Hamner can too. This one reminds us of Tranche [--] with Steward which was originally an equipment lease (by a REIT). $MPT $MPW What did Hamner say (as cover) about Tranche [--] Well secured A great opportunity We are so excited Here we see IT. Did MPT lend against some keyboards This one reminds us of Tranche [--] with Steward which was originally an equipment lease (by a REIT). $MPT $MPW What did Hamner say (as cover)"
[X Link](https://x.com/AmaralPartners/status/2016161398498132015) 2026-01-27T14:48Z [---] followers, [---] engagements
"Just in case there is any confusion as Aldag/Hamner will no doubt try to create $MPT: - invested $162MM gross in Norwood following the [----] mortgage conversion (with add'l cash going to Steward for liquidity/rent) - by 5/5/24 at the Steward BK had "invested" $423MM gross () including "CAPX" development costs & rent round-tripping and $472MM including the Q2:23 full ML1 rent deferral - invested 10s of millions more since the Steward BK. Depending on the ultimate sale price what is the IRR there Hint: it's not great. Just like most of their other disastrous deals."
[X Link](https://x.com/AmaralPartners/status/2022036384056586664) 2026-02-12T19:53Z [---] followers, [---] engagements
"12/x Paging @IRS_CI @SECGov @SEC_Enforcement @MichaelEchols here is MPT CEO Ed Aldag claiming "we have never used a RIDEA structure." Got it. Check. Another preposterous lie beyond ridiculous. Ernest Capella Springstone the "International Joint Venture" an attempted transaction for 50% of Steward OpCo itself but never completed were all RIDEAs. There are more. See MPT's own presentations And in the case of Ernest and Capella MPT obtained a PLR from the IRS in [----] (PLR #201049013) limiting TRS ownership of a healthcare operator qualifying as an EIK to no more 35% "by vote or value" of any"
[X Link](https://x.com/AmaralPartners/status/1930616994446922238) 2025-06-05T13:25Z [---] followers, [----] engagements
"Reality vs. Narrative $MPT Summary: The only thing Aldag/MPT are good at is "telling stories" never the truth. Key "reality vs. narrative" points up front discreet 10-Q items at the end. Note: HERE http://x.com/i/article/1985356099579478016 http://x.com/i/article/1985356099579478016"
[X Link](https://x.com/AmaralPartners/status/1985378996100415924) 2025-11-03T16:10Z [---] followers, 11.4K engagements
"The MPT $MPT story is layered and often every complex. There are strange personalities long and winding stories around discreet problem tenants unpaid vendor lawsuits lies and misstatements that http://x.com/i/article/1992194869326921728 http://x.com/i/article/1992194869326921728"
[X Link](https://x.com/AmaralPartners/status/1992228479312527466) 2025-11-22T13:47Z [---] followers, 12.9K engagements
"Just FYI the MPT BoD received a presentation in May [----] updating on all of this including the discussion of potential Steward BK. $MPW All of the members are still on the BoD including the ringleaders Aldag and Hamner. BOD not just complicit. Rather actively engaged in the fraud. See also further 2.22% purchase of Utah on Sep. [--] [----] to inject hidden $35MM into Steward to get ABL extended and prevent default. Twice in two years. Never disclosed. https://t.co/IlZnMxeIBX https://t.co/IlZnMxeIBX"
[X Link](https://x.com/AmaralPartners/status/1993045910490956107) 2025-11-24T19:55Z [---] followers, [----] engagements
"Why is MPT just kicking in $1.2MM of funding for NOR to close PMH CA lol Was that contemplated in the sale order or at the hearing $MPW $MPT And then of course the $8.5MM from NOR is really coming from. MPT as well UCC already setup So MPT is funding the cash purchase price for the transfer of the CA OpCos to an insolvent entity that MPT is then funding later operationally so as to "assume" its lease lol. Entirely fraudulent. Non-commercial and non-economic. Round-tripping. https://twitter.com/i/web/status/2014086632824074305 https://twitter.com/i/web/status/2014086632824074305"
[X Link](https://x.com/AmaralPartners/status/2014086632824074305) 2026-01-21T21:24Z [---] followers, [---] engagements
"Looks like someone (largest MPT tenant insolvent HSA/AHS/NOR) needs some more help with unpaid bills and judgments $MPT $MPW Note the date. MPT continues to invest in insolvent shellco operators not just the RE. It is a REIT in name only. In reality it collects residual checks (rent net of loans and "capx" going the other way) aka "dividends" from hospital WholeCos. "We wanted to own the operations." - Aldag https://twitter.com/i/web/status/2014850968664367350 https://twitter.com/i/web/status/2014850968664367350"
[X Link](https://x.com/AmaralPartners/status/2014850968664367350) 2026-01-24T00:01Z [---] followers, [----] engagements
"This one reminds us of Tranche [--] with Steward which was originally an equipment lease (by a REIT). $MPT $MPW What did Hamner say (as cover) about Tranche [--] Well secured A great opportunity We are so excited Here we see IT. Did MPT lend against some keyboards Maybe a few old copy machines Just making up new entities to find ways to lend to an insolvent tenant and then lie about that tenants status. Looks like someone (largest MPT tenant insolvent HSA/AHS/NOR) needs some more help with unpaid bills and judgments $MPT $MPW Note the date. MPT continues to invest in insolvent shellco operators not"
[X Link](https://x.com/AmaralPartners/status/2015013115847725337) 2026-01-24T10:45Z [---] followers, [----] engagements
"Tranche [--] $MPW $MPT - originated 12/4/22 amidst increasing scrutiny and BEFORE the infamous Q1:22 earnings call when Aldag/Hamner claimed "no concerns about any MPT tenants" - was originally an equipment SLB by a purported hospital REIT. Let that sink in. - subsequently "papered" as a secured loan advance under the existing promissory note to address "temporary" working capital shortfalls - claimed to have "priority" in Utah OpCo disposition - $100MM of $150MM zeroed in Steward's BK So what's the story with HSA https://twitter.com/i/web/status/2016510943484584024"
[X Link](https://x.com/AmaralPartners/status/2016510943484584024) 2026-01-28T13:57Z [---] followers, [---] engagements
"HSA/NOR owed about 20mm+ within the Prospect BK including 11mm that had to be paid by end of week. $MPT $MPW It had delayed per usual then agreed to settle and pay. Concurrently MPT filed this 👇 UCC no doubt to fund these payments bc HSA cannot. MPT will scream the rent is paid But was it really Bc again it would not have been paid without the money coming from MPT itself Its a fraud. This one reminds us of Tranche [--] with Steward which was originally an equipment lease (by a REIT). $MPT $MPW What did Hamner say (as cover) about Tranche [--] Well secured A great opportunity We are so excited"
[X Link](https://x.com/AmaralPartners/status/2016892901276442658) 2026-01-29T15:15Z [---] followers, [---] engagements
"Hint: MANY open desks as MPT continues to outsource key functions (like property accounting) and eliminate other positions. $MPW $MPT Yet cash G&A doesnt go down Ed you can change the ticker as many times as you want. It doesn't alter the fact that you and your business are and have been entirely fraudulent 👇. $MPW $MPT How much money have you extended to your operators since September [----] How much since Q3:25 How many empty Ed you can change the ticker as many times as you want. It doesn't alter the fact that you and your business are and have been entirely fraudulent 👇. $MPW $MPT How"
[X Link](https://x.com/AmaralPartners/status/2016965764939469200) 2026-01-29T20:04Z [---] followers, [---] engagements
"$MPW $MPT Hey Ed tell us more about the "rent ramp" from ML1 properties. The TSA was the problem right $MPW https://t.co/2oZdjPRfBk Hey Ed tell us more about the "rent ramp" from ML1 properties. The TSA was the problem right $MPW https://t.co/2oZdjPRfBk"
[X Link](https://x.com/AmaralPartners/status/2017033180272898084) 2026-01-30T00:32Z [---] followers, [---] engagements
"Where do they find these people $MPT $MPW Recommending a "promised 200% return" - sounds like a security. Does MPT do any KYC or AML Do they care Hmmm.Faisal Gill who wears many hats at $MPW "Quality Operator" HSA a/k/a NOR a/k/a AHS. involved in yet another scam. Odd pattern here https://t.co/yhaiMJaZBx https://t.co/fTNxRNzQsi Hmmm.Faisal Gill who wears many hats at $MPW "Quality Operator" HSA a/k/a NOR a/k/a AHS. involved in yet another scam. Odd pattern here https://t.co/yhaiMJaZBx https://t.co/fTNxRNzQsi"
[X Link](https://x.com/AmaralPartners/status/2017303381711200272) 2026-01-30T18:26Z [---] followers, [---] engagements
"And this who runs services for HSA via Lemontree brother of Faisal. $MPT $MPW"
[X Link](https://x.com/AmaralPartners/status/2017307823923732628) 2026-01-30T18:43Z [---] followers, [---] engagements
"Insolvent NOR subsidiary of insolvent HSA couldn't even make the $5.5MM vendor payable payment agreed to last week. $MPT $MPW Now needs until Feb [--]. They cannot make small balance payments and require loans from MPT. Look at dates on UCC. But Aldag would have investors believe the "rent" is ramping and sustainable. It comes from MPT itself = round-tripping and fraudulent earnings. https://twitter.com/i/web/status/2017372006463733955 https://twitter.com/i/web/status/2017372006463733955"
[X Link](https://x.com/AmaralPartners/status/2017372006463733955) 2026-01-30T22:59Z [---] followers, [----] engagements
"How does Aldag square these loans/cash flow shortfalls at HSA/NOR (still nowhere near full "rent") with comments made a year ago in late-Feb. [----] that "certainly the vast majority" of former ML1 hospitals are CF positive BEFORE rent $MPT $MPW Recall not all Q3:25 "rent" was paid on time as MPT was lending money to the tenant Insolvent NOR subsidiary of insolvent HSA couldn't even make the $5.5MM vendor payable payment agreed to last week. $MPT $MPW Now needs until Feb [--]. They cannot make small balance payments and require loans from MPT. Look at dates on UCC. But Aldag would have investors"
[X Link](https://x.com/AmaralPartners/status/2017570861448913179) 2026-01-31T12:09Z [---] followers, [---] engagements
"Why is MPT conducting outreach to its [----] 1% EUR noteholders Werent those resolved $MPT $MPW"
[X Link](https://x.com/AmaralPartners/status/2017992186508255235) 2026-02-01T16:03Z [---] followers, [---] engagements
"MPTs top tenant is insolvent. Again. $MPW $MPT $MPW $MPT "Quality Operator" HSA a/k/a AHS a/k/a NOR a/k/a Steward [---]. Very clearly insolvent. #HSALiens #HSALawsuits https://t.co/9uueb1lrUX $MPW $MPT "Quality Operator" HSA a/k/a AHS a/k/a NOR a/k/a Steward [---]. Very clearly insolvent. #HSALiens #HSALawsuits https://t.co/9uueb1lrUX"
[X Link](https://x.com/AmaralPartners/status/2017992700809671156) 2026-02-01T16:05Z [---] followers, [---] engagements
"One changed letter in the ticker doesnt change the scam. $MPT $MPW Desperate attempts to delay payment on $6mm judgment to Aramark from $MPW $MPT captive tenant/alter ego HSA/AHS/NOR. #HSALawsuits https://t.co/UesjmBUmwr https://t.co/3OIhAoqYqL Desperate attempts to delay payment on $6mm judgment to Aramark from $MPW $MPT captive tenant/alter ego HSA/AHS/NOR. #HSALawsuits https://t.co/UesjmBUmwr https://t.co/3OIhAoqYqL"
[X Link](https://x.com/AmaralPartners/status/2017993939219841278) 2026-02-01T16:10Z [---] followers, [---] engagements
"This is just what insolvent NOR owes within the PMH BK and cannot seem to pay on time/at all. Delay delay delay. $MPT $MPW What about the several 10s of millions OUTSIDE the BK that broader alter ego HSA/AHS/NOR cannot pay MPT needs more money. Again"
[X Link](https://x.com/AmaralPartners/status/2018633761504870771) 2026-02-03T10:32Z [---] followers, [---] engagements
"Were there any fraudulent online jewelry stores involved (HSA's original website) $MPW $MPT @AmaralPartners Curious litigation between the two straw owners of AHS/HSA/NOR. Nothing to see here Right $MPT $MPW https://t.co/gd2f4BV3kR @AmaralPartners Curious litigation between the two straw owners of AHS/HSA/NOR. Nothing to see here Right $MPT $MPW https://t.co/gd2f4BV3kR"
[X Link](https://x.com/AmaralPartners/status/2018792295546618148) 2026-02-03T21:02Z [---] followers, [---] engagements
"HSA "continues to perform very well." - Aldag Q3:25 earnings call $MPT Steward "continues to perform very well." - Aldag throughout 2017-2022. It's a fraud"
[X Link](https://x.com/AmaralPartners/status/2019165935190598073) 2026-02-04T21:47Z [---] followers, [---] engagements
"This 👇 is something @SilverPointCap and GoldenTree (not on X) would probably care about along with @SECGov @SECEnfDirector @DOJCrimDiv. If they all still care about DD and addressing fraud. $MPT Aldag and MPT are frauds. $MPT "All of these operators continue to perform very well. none of these top-5 operators are anybody that we're worried about." vs. ". serious concerns about Steward's precarious financial situation." and "potential for a Steward bankruptcy" at https://t.co/vv5HhULZ5v Aldag and MPT are frauds. $MPT "All of these operators continue to perform very well. none of these top-5"
[X Link](https://x.com/AmaralPartners/status/2020260605941412145) 2026-02-07T22:17Z [---] followers, [---] engagements
"The @WSJ had fraudulent round-tripping MPT & Aldag pegged from the beginning. $MPT"
[X Link](https://x.com/AmaralPartners/status/2020480077792682292) 2026-02-08T12:49Z [---] followers, [---] engagements
"All of these NOR liabilities are actually MPT liabilities along with those of HSA. $MPT Because it is MPT who will be paying them along with its own rent. They should be consolidated with and into MPT. Paging @PwC. This is just what insolvent NOR owes within the PMH BK and cannot seem to pay on time/at all. Delay delay delay. $MPT $MPW What about the several 10s of millions OUTSIDE the BK that broader alter ego HSA/AHS/NOR cannot pay MPT needs more money. Again. https://t.co/9CjeRBkadV This is just what insolvent NOR owes within the PMH BK and cannot seem to pay on time/at all. Delay delay"
[X Link](https://x.com/AmaralPartners/status/2020563396060389536) 2026-02-08T18:20Z [---] followers, [---] engagements
"RT @AmaralPartners: Aldag and MPT are frauds. $MPT "All of these operators continue to perform very well. none of these top-5 operators"
[X Link](https://x.com/anyuser/status/2020856530619244998) 2026-02-09T13:45Z [---] followers, [--] engagements
"Why are you recommending a well-known fraud that engages in rent round-tripping with its tenants later lies about it and then also routinely sells assets well below gross cost $MPT And has already lent new ML1 tenants more than a full year run rate of rent before even hitting that run rate With more bills on the come including from NOR Aldag and MPT are frauds. $MPT "All of these operators continue to perform very well. none of these top-5 operators are anybody that we're worried about." vs. ". serious concerns about Steward's precarious financial situation." and "potential for a Steward"
[X Link](https://x.com/AmaralPartners/status/2020944681803325465) 2026-02-09T19:35Z [---] followers, [---] engagements
"This as expected means that the remaining CT RE value gets impaired. $MPT That's about $55MM or so remaining on the balance sheet. Written up by MPT in Q2:25 only to become a zero. PA and CT RE both ZEROS to MPT. Versus $870MM invested by MPT in the RE in [----]. Huge embarrassing failure. CT reclassified provider taxes into unsecured claims. https://twitter.com/i/web/status/2020952942803550219 https://twitter.com/i/web/status/2020952942803550219"
[X Link](https://x.com/AmaralPartners/status/2020952942803550219) 2026-02-09T20:08Z [---] followers, [---] engagements
"Also "revenue per share" as a "key metric" for a REIT $MPT What about: tenant loans G&A interest cost for an excessively-levered REIT "CAPX" for a triple net "other impairments" which are really more disguised tenant loans non-cash adjustments such as SLR or FAS141 etc I mean are we kidding here https://twitter.com/i/web/status/2020971061316288976 https://twitter.com/i/web/status/2020971061316288976"
[X Link](https://x.com/AmaralPartners/status/2020971061316288976) 2026-02-09T21:20Z [---] followers, [---] engagements
"MPT getting shills to write about revenue per share shows you just how desperate they are. $MPT"
[X Link](https://x.com/AmaralPartners/status/2020984427107471496) 2026-02-09T22:13Z [---] followers, [---] engagements
"@chaka23121 @SFarringtonBKC What are we an unprofitable shitco retailer now $MPT"
[X Link](https://x.com/AmaralPartners/status/2020989817396646093) 2026-02-09T22:34Z [---] followers, [---] engagements
"Can just see it now A new $MPT cash bonus comp plan based on revenue per share from insolvent tenants under 100-year leases + extension options after paying 3x what any other buyer would pay MPT getting shills to write about revenue per share shows you just how desperate they are. $MPT MPT getting shills to write about revenue per share shows you just how desperate they are. $MPT"
[X Link](https://x.com/AmaralPartners/status/2021026793663365132) 2026-02-10T01:01Z [---] followers, [---] engagements
"@chaka23121 @SFarringtonBKC MPT's GAAP "revenue per share" was about $0.40/sh in Q3:25. $MPT $MPW It's cash flow available to its equity holders was. lower. And just as negative as it has consistently been for the past decade plus"
[X Link](https://x.com/AmaralPartners/status/2021232239074304266) 2026-02-10T14:38Z [---] followers, [---] engagements
"Out of the danger zone. $MPT Insolvent tenants 15x leverage negative FCF mounting tenant bills 2bn of debt maturing in next 18mos additional tenant loans inability to sell assets of size any asset proceeds writhin secured pool swept to bondholders And this article cites revenue per share. Pretty clear who the clown is. Do you disclose your conflicts Or do you want to make yourself part of the scam. https://twitter.com/i/web/status/2021246225442304101 https://twitter.com/i/web/status/2021246225442304101"
[X Link](https://x.com/AmaralPartners/status/2021246225442304101) 2026-02-10T15:33Z [---] followers, [---] engagements
"Investors / regulators: Why do you and $MPT routinely lie about material issues Aldag: The DOW is over 50000"
[X Link](https://x.com/AmaralPartners/status/2021703282054271297) 2026-02-11T21:49Z [---] followers, [---] engagements
"RT @AmaralPartners: Cerberus/Steward notified $MPT / Aldag of Steward's "precarious financial situation and potential for. bankruptcy" on"
[X Link](https://x.com/anyuser/status/2021974560984510938) 2026-02-12T15:47Z [---] followers, [--] engagements
"Aldag and MPT are frauds. $MPT "All of these operators continue to perform very well. none of these top-5 operators are anybody that we're worried about." vs. ". serious concerns about Steward's precarious financial situation." and "potential for a Steward bankruptcy" at the exact same time. https://twitter.com/i/web/status/2020187900319576308 https://twitter.com/i/web/status/2020187900319576308"
[X Link](https://x.com/AmaralPartners/status/2020187900319576308) 2026-02-07T17:28Z [---] followers, [----] engagements
"Cerberus/Steward notified $MPT / Aldag of Steward's "precarious financial situation and potential for. bankruptcy" on April [--] [----]. It also requested MPT forbear "delinquent May [----] lease and mortgage payments" as "Steward could run out of cash in just a few weeks." Material misstatement and/or omission by Aldag and MPT just [--] days later on April [--] Would a potential BK by the largest tenant representing 24% of MPT's assets and 28% of MPT's revenue be "considered important by a reasonable investor when making a decision" Aldag and MPT are frauds. $MPT "All of these operators continue to"
[X Link](https://x.com/AmaralPartners/status/2021556843890270502) 2026-02-11T12:08Z [---] followers, [---] engagements
"This is not on MPTs website. $MPT Released early Did they have the BoD meeting yet to declare it Lol https://www.businesswire.com/news/home/20260212899801/en/MPT-Declares-Regular-Quarterly-Dividend https://www.businesswire.com/news/home/20260212899801/en/MPT-Declares-Regular-Quarterly-Dividend"
[X Link](https://x.com/AmaralPartners/status/2022269293379887196) 2026-02-13T11:19Z [---] followers, [---] engagements
"RT @AmaralPartners: HSA "continues to perform very well." - Aldag Q3:25 earnings call $MPT Steward "continues to perform very well." - Al"
[X Link](https://x.com/AmaralPartners/status/2019810143119245437) 2026-02-06T16:27Z [---] followers, [--] engagements
"Is MPT "Cheap". "No." Questions: How to value a complex and challenging $MPW following a massive stripping of collateral away from the unsecured notes/equity in favor of the new secured debt holders How to think about http://x.com/i/article/1900372360576065537 http://x.com/i/article/1900372360576065537"
[X Link](https://x.com/anyuser/status/1900379649596666332) 2025-03-14T02:53Z [---] followers, [----] engagements
"What is this $400MM+ of claims through the waterfall BEFORE MPT's real estate claims The real estate is carried for $660MM as of Q4:24. YNHH most recently bid $150MM for the WholeCo. The CA assets are "cash flow positive" likely excluding affiliated entity costs excluding MPT's prior contractual rent of $45MM/yr. and for sure excluding adequate maintenance capex of 6-8% of patient revenues. Prospect had been spending about 1.5% of revenues each year so starving the hospitals of investment. More MPT loans to other (redacted) "quality operators" to operate the hospitals $MPW"
[X Link](https://x.com/anyuser/status/1902408981529625072) 2025-03-19T17:17Z [---] followers, [----] engagements
"Here is the problem with MPT at any share price above absolute zero. Before you address the fraud. MPT's "cash paying" consolidated assets (approx. $9BN of GBV/gross cost) are yielding just 7.4% cash-on-cash unlevered excluding overhead and CAPX. That number drops deep into the 5s when you include CAPX and other tenant support of which MPT has spent $200-300MM+ per annum forever. Even pre-Steward. MPT just secured its "best" assets at 8% cost of debt on a YTM basis up to a 65% LTV on cost (higher on MV). k ROIC -- provably not earning the cost of capital. Apply basic valuation math and MPT's"
[X Link](https://x.com/anyuser/status/1904623308802576517) 2025-03-25T19:55Z [---] followers, [----] engagements
"A Historic Disaster at Prospect - One More Example of the "Strength of MPT's Underwriting" MPT appears on its way to an 80%+ loss on the $1.8BN it has invested into Prospect Medical Holdings since July [----] and a possible 60%+ writedown on the remaining carrying value of its investment should the assets actually be sold according to the bid procedures. Despite whatever narrative is spun the recent BK settlement is a disaster for MPT due to the significant claims now sitting in front of MPT. Indeed it is very possible that MPT extracts $200MM through the waterfall from this settlement. If MPT"
[X Link](https://x.com/anyuser/status/1904967793642295573) 2025-03-26T18:44Z [---] followers, [----] engagements
""MPT was here." $MPW FRAUD. Pure and simple. Throughout [----] MPT repeatedly (1) denied that Steward would have issues refinancing its ABL facility (2) denied it would need to lend and/or participate in said refinancing and (3) denied it had guaranteed or backstopped the debt of its largest tenant. Management lied about the reasons for the $150MM Tranche [--] loan. The first $75MM advance was made on 12/4/22 BEFORE the HCA/Utah deal was killed. The truth is Steward was experiencing a "liquidity crisis" in late-2021/early-2022 ("we need the money tomorrow."). Management lied to investors and"
[X Link](https://x.com/anyuser/status/1908144746570101096) 2025-04-04T13:08Z [---] followers, [----] engagements
"Very interesting that MPT's "Corporate Governance Guidelines" were just recently updated to allow for pledging of $MPW shares by the Chairman (Aldag) upon exception granted by the lead director (Stewart). After MPT previously had a "no pledging" policy through the most recent [----] proxy. This of course coming after it became widely understood in mid-2024 that Aldag had margined himself on his shares. So just more fraud perpetrated against MPT shareholders. And more backdating as in the case of the Cerberus convert the $150MM Tranche [--] loan (SLB on equipment and "personalty") the $100MM"
[X Link](https://x.com/anyuser/status/1908479103415574766) 2025-04-05T11:17Z [---] followers, [---] engagements
"MPT similar to most REITs structured their investment approval process such that only transactions above a threshold dollar amount have to be approved by the full BoD (think the $400MM "Project Easter" later $735MM after MPT took out the convert). Deals below that certain amount can be approved by the smaller Investment Committee (IC). In late-2022 MPT management fully aware that Steward was failing and short minimum liquidity under the ABL (to which MPT was a party had backstopped and claimed "no issues") and desperate to find ways to channel liquidity to Steward hurried to write a "put"
[X Link](https://x.com/anyuser/status/1909230062261436583) 2025-04-07T13:01Z [---] followers, [----] engagements
"These Are Not the Book Values You Are Looking For. "You will never find a more wretched hive of scum and villainy." - Obi-Wan Kenobi Sometimes when you are caught out with no excuses and a very uncertain escape plan the only option may be to deploy http://x.com/i/article/1907410094553219072 http://x.com/i/article/1907410094553219072"
[X Link](https://x.com/anyuser/status/1910332998324539856) 2025-04-10T14:04Z [---] followers, [----] engagements
"Over/under on the number of people in this photo who have already talked to the Feds We will set the line at [--] and CONFIDENTLY take the over. $MPW"
[X Link](https://x.com/anyuser/status/1914410833079419213) 2025-04-21T20:08Z [---] followers, [---] engagements
"If you are an MPT shareholder or bondholder first off best of luck to you. You'll need it. But you need to understand that your own BoD in concert with the fraudulent and incompetent MPT management team has actively conspired to deceive and defraud you. $MPW MPT similar to most REITs structured their investment approval process such that only transactions above a threshold dollar amount have to be approved by the full BoD (think the $400MM "Project Easter" later $735MM after MPT took out the convert). Deals below that certain MPT similar to most REITs structured their investment approval"
[X Link](https://x.com/anyuser/status/1914676500093149556) 2025-04-22T13:43Z [---] followers, [---] engagements
"MPT Q1:25 Review (Updated Following 10-Q Filing) Turns out that impairments DO matter the company remains a cash-burning mess the call was a circus AND we got the "Friday Night Dirty" $MPT Key Highlights: $MPT's Cash Flow Absolutely Collapsed http://x.com/i/article/1918085377060945920 http://x.com/i/article/1918085377060945920"
[X Link](https://x.com/anyuser/status/1918287506430201909) 2025-05-02T12:52Z [---] followers, [----] engagements
"Imagine opening up a launch presentation for a new MPT secured bond offering dated 29/1/25 (filled with lies and misrepresentations btw especially on the track record) with the Goldman bankers showing you a PF RCF balance of $65MM drawn at close. And along the way MPT's fraudulent C-suite tells you that "RE impairments don't matter" for the MUTA covenant calc. They even get JPM credit research to write a note about it And then you wake up last Thursday morning and MPT shows you a drawn $640MM RCF balance just [--] months later. And the CFO gets on the call and admits they are "window-dressing""
[X Link](https://x.com/anyuser/status/1918629312246276423) 2025-05-03T11:30Z [---] followers, [----] engagements
"Subtle pickup in the 10Q classic Hamner/Hanna word play: Notice that ALL covenants included in description of compliance as of 31/3/25. "ALL covenants." Later in 10Q 150% MUTA test EXCLUDED from list of covenant compliance list as of 7/5/25. Which makes sense as MPT paid down the secured RCF to just $300MM outstanding post-quarter end. "ALL SUCH covenants." More evidence that MPT is using the secured RCF to "window dress" the MUTA test which stands at 140% without the secured RCF draw. Impairments do matter. How do the unsecured bondholders feel about this How do the bank lenders feel about"
[X Link](https://x.com/anyuser/status/1921313330322628994) 2025-05-10T21:16Z [---] followers, [---] engagements
"How is the below 👇 any different than MPT mgmt saying "Steward is strongly cash flow positive" back in Q4:22 Here are the ACTUAL cash flow numbers that Steward was reporting to MPT at the time: Q3:22: Cash from ops (CFO) -$23.813MM CAPX -$20.614MM = FCF of -$44.4MM Oct. 2022: CFO -$46.116MM CAPX -$7.724MM Nov. 2022: CFO $80.493MM CAPX -$28.584MM Dec. 2022: CFO -$147.741MM () CAPX -$22.092MM = Q4:22 FCF of -$171.764MM not only NOT positive but also far worse than Q3. Fraud. When do you all stop listening to these guys When are they held accountable for this $MPW Question: Aldag said "."
[X Link](https://x.com/anyuser/status/1922714684177994100) 2025-05-14T18:04Z [---] followers, [----] engagements
"Coming out of Q1:25. we believe the following is what matters as MPT mgmt. no doubt lines up to "sell their equity story" at NAREIT and elsewhere ahead of trying to save the company: (1) MPT is NOT cheap - the current share price implies just a low-to-mid-6% cash cap rate for the consolidated "rent-paying" assets (2) MPT is NOT covering its dividend even at the reduced rate with anything that even closely resembles cash flow (3) MPT has placed itself in a structural cash burn position ($100MM OCF again $200MM of annual tenant loans/"CAPX" and current dividend rate of $192MM) and could burn"
[X Link](https://x.com/anyuser/status/1922964658140438791) 2025-05-15T10:37Z [---] followers, [----] engagements
"Do you ever wonder why MPT lies so much about pretty much every aspect of their business It's because a massive lie sits at the very foundation of MPT. The entire company was built on a lie. "We empower operators to. immediately unlock 100% of the value of their real estate and redirect those funds into patient care." - CEO Ed Aldag on 1/5/25 No you do not. Provably. This is a lie and a fraud. - MPT's own sources & uses dated 3/10/16 from the original [----] Steward transaction showed 60% of the transaction proceeds allocated to shareholder dividends (Cerberus + RDLT) - the figure would grow to"
[X Link](https://x.com/anyuser/status/1923333431527641534) 2025-05-16T11:03Z [---] followers, [----] engagements
"- This is just so egregiously wrong it needs addressing: - The cash flow from the unencumbered assets (Steward and Prospect) is NOT growing it is shrinking. MPT is out for $130MM in loans since Q3:24 $15MM in direct working capital payments in Q1:25 at least $8MM in "CAPX" to HSA in Q1:25 and more elsewhere. I.e. MPT are already out for more in "investments" to insolvent ML1 tenants than a full year run-rate of rent. What are you talking about They are burning cash - MPT was not just complicit they actively participated in hiding Steward's financial state since at least [----]. Do we have to"
[X Link](https://x.com/anyuser/status/1923696369274900876) 2025-05-17T11:05Z [---] followers, [----] engagements
"What REALLY happened with Steward Health Care MPT was willing to BK a safety-net hospital system via an initial [----] transaction that made absolutely no financial sense. Under any circumstance. All for the purposes of paying management. Coincidentally just this morning MPT showed its hand again throwing another tantrum over ISS criticism of its ridiculous and asymmetric pay schemes. Green Street did as well [--] weeks ago. People are FINALLY catching on. $MPW Link to proxy supplement this morning: https://medicalpropertiestrust.gcs-web.com/static-files/a909161e-1728-457b-8182-a7040b0b7549"
[X Link](https://x.com/anyuser/status/1924793476996051212) 2025-05-20T11:45Z [---] followers, [----] engagements
"MPT lining up a PIPE or some other massively dilutive equity raise $MPW Is there a more glaring sign of ML1 + Prospect BK (bids poor) + mgmt. gaslighting failure (need for more liquidity) post the new secured bond deal MPT does NOT have sufficient liquidity (window-dressing its covs with RCF) otherwise would not need to sell stock: - get ready for 75%+ equity dilution over time if the bogey is $2BN to repay 2026/27 notes - the stock isn't "cheap" or "distressed" at a $2.8BN market cap and a mid-6% implied cash cap rate (nowhere near 10%+ where is the pricing of risk) - the size of the current"
[X Link](https://x.com/anyuser/status/1925640301600805373) 2025-05-22T19:49Z [---] followers, [----] engagements
"If MPT were to sell equity to repay its remaining [----] and [----] unsecured notes as Goldman bankers said was the plan (to sell equity) post-secured raise it's version of "NFFO" and "AFFO" as fraudulent as they are would disappear. Cash flow is obviously negative. $MPW MPT lining up a PIPE or some other massively dilutive equity raise $MPW Is there a more glaring sign of ML1 + Prospect BK (bids poor) + mgmt. gaslighting failure (need for more liquidity) post the new secured bond deal MPT does NOT have sufficient liquidity (window-dressing https://t.co/3YUMQM9TVX MPT lining up a PIPE or some"
[X Link](https://x.com/anyuser/status/1925997723381088446) 2025-05-23T19:30Z [---] followers, [----] engagements
"MPT's handling of Prospect Medical (PMH) and PHPH were also completely fraudulent. First MPT initially marked an "equity stake" in an OpCo entity PHPH at $700MM in mid-2023. It is now marked at just $130MM. The gross value paid by $ASTH at $745MM fell below every single valuation range prepared by BofA for "Project Picasso" ($910MM - $1.3BN). MPT never disclosed the liens by Centerbridge/Blue Torch on the CA facilities nor the extra $50MM funding by these senior lenders in late-2023 nor all the 2023-2024 amendments. Second it is now "validated" that MPT hid the degree of Prospect's"
[X Link](https://x.com/anyuser/status/1927446636730499406) 2025-05-27T19:27Z [---] followers, [----] engagements
"Not great re: Prospect RI sale. $MPW My understanding is they went into the market on Thursday to price the bonds and they weren't able to sell the bondsthey had individual meetings they were explaining everything to the potential investors meaning that folks were potentially going to buy the bonds and they were anticipating that they would get enough interest that they could sell the bonds on Thursday and they weren't able to do that" said Josh Nemzoff. And if they can't sell the bonds then there's no bond deal and they won't be able to sell it as it is.what they will do and I don't know""
[X Link](https://x.com/anyuser/status/1927694311325376808) 2025-05-28T11:51Z [---] followers, [----] engagements
"Whoever could have guessed that MPT needs more capital Right after securing the "best" assets So much for that "tremendous liquidity" and "debt covered through 2026" The TLR is 60% right now which means it would be tested with any new debt security. Get ready for some serious equity dilution pre-fraud $MPW If MPT were to sell equity to repay its remaining [----] and [----] unsecured notes as Goldman bankers said was the plan (to sell equity) post-secured raise it's version of "NFFO" and "AFFO" as fraudulent as they are would disappear. Cash flow is obviously negative. $MPW If MPT were to sell"
[X Link](https://x.com/anyuser/status/1929654174725386664) 2025-06-02T21:39Z [---] followers, [---] engagements
"But but MPT doesnt round trip rents This MAM JV default and loan to pay rent was never disclosed by MPT. In [----] 10-K MPT says it agreed to fund a $60 million bridge loan (of which we funded in January 2024) Fraud. $MPW"
[X Link](https://x.com/anyuser/status/1929965090771509663) 2025-06-03T18:15Z [---] followers, [----] engagements
"MPT kept this JV marked at par for two more quarters once again demonstrating the lie that is their balance sheet. Did @PwC know about this default and loan to pay rent Investors definitely did not $MPW But but MPT doesnt round trip rents This MAM JV default and loan to pay rent was never disclosed by MPT. In [----] 10-K MPT says it agreed to fund a $60 million bridge loan (of which we funded in January 2024) Fraud. $MPW https://t.co/6pUIECSeN2 But but MPT doesnt round trip rents This MAM JV default and loan to pay rent was never disclosed by MPT. In [----] 10-K MPT says it agreed to fund a $60"
[X Link](https://x.com/anyuser/status/1929971172998783130) 2025-06-03T18:39Z [---] followers, [---] engagements
"It should be completely obvious based on the below 👇 and after more than two decades of falsehoods that whenever Ed Aldag or Steve Hamner speak they are probably lying to you. Now its not just to investors or analysts on earnings calls conferences etc. now they are willing to lie straight to the faces of politicians at live public hearings. So if you hear or read "MPT management said x" or if these guys tell you y discount accordingly. $MPW 12/x Paging @IRS_CI @SECGov @SEC_Enforcement @MichaelEchols here is MPT CEO Ed Aldag claiming "we have never used a RIDEA structure." Got it. Check."
[X Link](https://x.com/anyuser/status/1930691435197591588) 2025-06-05T18:21Z [---] followers, [---] engagements
""We've never used a RIDEA structure." - MPT CEO Ed Aldag on June [--] [----] 👇 Your [----] 10-K says otherwise. It lists your "RIDEA and similarly structured investments" at $1BN. The CEO's on-the-record statements directly conflict with securities/regulatory filings with @SECGov @SEC_Enforcement @IRS_CI. Why is this important Bc RIDEA was a mechanism used by MPT to attempt to fraudulently extract nearly all of the value of an entire hospital system (not just the real estate) while continuously recapping said system later to record "rent" to MPT's "earnings." Aka a fraudulent round-tripping scheme."
[X Link](https://x.com/anyuser/status/1930996946598084626) 2025-06-06T14:35Z [---] followers, [----] engagements
"If you ask a liar if he lied. will he tell you the truth $MPW "We've never used a RIDEA structure." - MPT CEO Ed Aldag before LA Senate on 4/6/25 "We first used the structure RIDEA. when we purchased Ernest. use our hospital operating knowledge to obtain not just real estate returns but. operating returns as well. RIDEA-type investments represent only 7% of our assets." - MPT CEO Ed Aldag MPT Q2:15 CC held on 4/8/15 @MichaelEchols @KatrinaRJackson @McmathPat 12/x Paging @IRS_CI @SECGov @SEC_Enforcement @MichaelEchols here is MPT CEO Ed Aldag claiming "we have never used a RIDEA structure.""
[X Link](https://x.com/anyuser/status/1932494479476285780) 2025-06-10T17:46Z [---] followers, [----] engagements
"Your definitive MPT fraud due-diligence guide. All you need to know before MPT tries to pull the rug on you with some new worthless equity. Just months after (not) solving its liquidity issues with new secured debt $MPW 1/x - First the stock is not cheap (pre-fraud): - You are buying the consolidated operating assets (excl. ML1 PMH Vibra) at an implied 6.6% nominal cash cap before CAPX/overhead () - the economics of the business support $7.5BN or lower gross MV or 0.65x or lower vs. MPT's inflated GBVs and - NFFO is not applicable bc of 20%+ SLR and random one-time gains. AFFO no longer"
[X Link](https://x.com/anyuser/status/1932954734052229521) 2025-06-12T00:14Z [---] followers, 12.5K engagements
"MPT facilitated it all as effective equity sponsor providing 100% of the capital to an insolvent @Steward over 2016-July [----]. This included the money Cerberus and RDLT stole. MPT should have consolidated its control investment. $MPW @DonutShorts @BigRiverCapita1 @ParrotCapital $MPW is a boat that is full of holes which also hit an iceberg and is now taking on water below the waterline. Good luck to this Titanic of trash. h/t @DonutShorts 🍩 https://t.co/8y32pOwDbh $MPW is a boat that is full of holes which also hit an iceberg and is now taking on water below the waterline. Good luck to this"
[X Link](https://x.com/anyuser/status/1939844522550124832) 2025-07-01T00:32Z [---] followers, [----] engagements
"@PwCUS PMH still annualizing $40-50MM EBITDAR before corporate allocations through end of April meaning likely worse and definitely burning cash after underwriting min. maintenance CAPX of $50-60MM (6-8% of revs). PMH overall burning ton of cash. CT still a disaster. $MPW"
[X Link](https://x.com/anyuser/status/1941100248103113076) 2025-07-04T11:42Z [---] followers, [---] engagements
"This is a mess. Similar to Steward very obvious no one willing to fund beyond JMB additional $30MM. Cash balance negative Balls in your court MPT. Either fund or accept failed sales process which also requires funding. $MPW As expected (from a week and a half ago mentioned here) similar to as w/ Steward PMH is running out of cash given missed sale deadlines. Despite the inbound $67.05MM in from RI portion of $ASTH. New DIP budget has PMH running out of cash next week w/o additional $30MM draw. https://t.co/egEMa0TCSr As expected (from a week and a half ago mentioned here) similar to as w/"
[X Link](https://x.com/anyuser/status/1942553752818561039) 2025-07-08T11:58Z [---] followers, [----] engagements
"3.1/x UPDATE Post-PHPH ZERO & MPT Priming Headline: MPT appears out of free liquidity again. It must raise equity NOW. Coming impairment puts MPT further offsides on 150% MUTA maintenance and 60% TLR incurrence. TLR means cannot issue new debt without equity. No $150MM cash in door just $2.3MM. Also $30MM immediate and $55MM future JMB DIP further primes MPT in BK waterfall. Must satisfy senior claims either through taking the hit through RE under a WholeCo sale and/or paying claims out of MPT cash if credit bid. Re-leasing CA would require add'l WC loan funding to new operator. Funding"
[X Link](https://x.com/anyuser/status/1943324947448844333) 2025-07-10T15:02Z [---] followers, [----] engagements
"Note: the below 👇 excludes future WC loans to former ML1 and now seemingly Prospect CA new "quality operator." Also excludes future cash burn of which there is a shit ton and paying of add'l unaffordable MPT dividends. Enjoy the weekend frauds Providing more documents $MPW 3.1/x UPDATE Post-PHPH ZERO & MPT Priming Headline: MPT appears out of free liquidity again. It must raise equity NOW. Coming impairment puts MPT further offsides on 150% MUTA maintenance and 60% TLR incurrence. TLR means cannot issue new debt without equity. No $150MM cash https://t.co/IIUrtLkKrC 3.1/x UPDATE Post-PHPH"
[X Link](https://x.com/anyuser/status/1943759266373878264) 2025-07-11T19:48Z [---] followers, [----] engagements
"MPT want to sell equity to you to try to fix this 👇 $MPW Remember when they told Steward fine Didnt loan them money Wadley was legit Wouldnt need to backstop Steward ABL Prospect resolved Prospect paid all its rent Steward operations improving We dont own Malta Steward wouldnt need to file MPT dividend covered Steward rent covered 2x Steward investment fully recoverable Steward + Prospect opco investments worth $1.3bn $355MM from Yale Prospect recovering $150MM from PHP Prospect BK going fine Windfall from PHP Just a taste of who you are dealing with 3.1/x UPDATE Post-PHPH ZERO & MPT Priming"
[X Link](https://x.com/anyuser/status/1944445493385343030) 2025-07-13T17:15Z [---] followers, [---] engagements
"Good thing that Steve dba Matthew Hamner "Manager of Special Projects" and Senior Associate Larry Portal were on the case for Project Picasso out of the NYC office They were able to return .12% of MPT's gross investment in PMH before unpaid rent with that $2.3MM Speaking of unpaid rent + interest how much was there by the end of September [----] $40MM Then tack on another $35MM or so in Q4:22 $MPW Your daily reminder that MPT got ZEROED on its interest in PHPH. 99.7% loss vs. $700MM mark as of 31/12/23. "Validated." $MPW https://t.co/OsXVbwxOZh Your daily reminder that MPT got ZEROED on its"
[X Link](https://x.com/anyuser/status/1944531836220100956) 2025-07-13T22:58Z [---] followers, [---] engagements
"MPT hasn't generated positive FCF as a purported "triple-net" REIT () in. *checks notes.* FOREVER. NEVER. Not a single quarter since at least [----]. Pre- during and post-Steward. Find another net lease landlord that does that You can't. $MPW Note: the below 👇 excludes future WC loans to former ML1 and now seemingly Prospect CA new "quality operator." Also excludes future cash burn of which there is a shit ton and paying of add'l unaffordable MPT dividends. Enjoy the weekend frauds Providing more documents https://t.co/xMshMOctRB Note: the below 👇 excludes future WC loans to former ML1 and"
[X Link](https://x.com/anyuser/status/1944903628394815526) 2025-07-14T23:35Z [---] followers, [---] engagements
"Your daily reminder that MPT was ZEROED on its interest in PHPH. 60% loss already on the $1.8BN gross investment in PMH excl unpaid rent and interest. No $150MM cash coming in Q3. Further $130MM impairment. DISASTER. $MPW Your daily reminder that MPT got ZEROED on its interest in PHPH. 99.7% loss vs. $700MM mark as of 31/12/23. "Validated." $MPW https://t.co/OsXVbwxOZh Your daily reminder that MPT got ZEROED on its interest in PHPH. 99.7% loss vs. $700MM mark as of 31/12/23. "Validated." $MPW https://t.co/OsXVbwxOZh"
[X Link](https://x.com/anyuser/status/1945089263441256772) 2025-07-15T11:53Z [---] followers, [----] engagements
"Every dollar you give MPT you get [--] cents back AT BEST. Mathematically. And then they try to outsmart investors with fraud and wind up being too smart by half. And PHPH is a ZERO. $MPW Your daily reminder that MPT was ZEROED on its interest in PHPH. 60% loss already on the $1.8BN gross investment in PMH excl unpaid rent and interest. No $150MM cash coming in Q3. Further $130MM impairment. DISASTER. $MPW Your daily reminder that MPT was ZEROED on its interest in PHPH. 60% loss already on the $1.8BN gross investment in PMH excl unpaid rent and interest. No $150MM cash coming in Q3. Further"
[X Link](https://x.com/anyuser/status/1945204221919285590) 2025-07-15T19:30Z [---] followers, [---] engagements
"5.7/x "HSA fka AHS Never heard of them We wish them well" Unfortunately for MPT Bear Creek has heard of them. And just exercised its security interest in the $40MM HSA settled for w/ Steward Originally setup so that payment made right after year end as well. Let's watch that MPW WC loan balance out to HSA/AHS. $MPW"
[X Link](https://x.com/anyuser/status/1945923155102699903) 2025-07-17T19:06Z [---] followers, [----] engagements
"Just to be clear HSA (fka AHS who are they) an 8% MPT has defaulted and continues to put up addl events of default under its only know payday lending relationship outside of MPT. After just three quarters Resolved $MPW 5.7/x "HSA fka AHS Never heard of them We wish them well" Unfortunately for MPT Bear Creek has heard of them. And just exercised its security interest in the $40MM HSA settled for w/ Steward Originally setup so that payment made right after year end as well. Let's watch https://t.co/EHYeS60VyQ 5.7/x "HSA fka AHS Never heard of them We wish them well" Unfortunately for MPT Bear"
[X Link](https://x.com/anyuser/status/1945975542760485208) 2025-07-17T22:34Z [---] followers, [----] engagements
"7.1/x On rent days there would be this intense flurry where MPT executives were monitoring which tenants were paying and which werent and if they werent paying did they need a loan and when the metrics were not good theyd say 0h Ed (Aldag) and Steve (Hamner) will just take care of it. This is an accounting FRAUD. And a massive theft. $MPW https://revealnews.org/podcast/medical-properties-trust-steward-health-hospitals-private-equity/ https://revealnews.org/podcast/medical-properties-trust-steward-health-hospitals-private-equity/"
[X Link](https://x.com/anyuser/status/1946571891738890499) 2025-07-19T14:04Z [---] followers, [----] engagements
"Weekends are bad for frauds. Addl evidence MPT is a huge criminal conspiracy run by a bunch of wanna-be gangsters from @reveal @MotherJones . And then lets not forget top-5 quality operator replacement ML1 tenant HSA (never heard of them) currently in default. $MPW @viceroyresearch @AIMhonesty 5.7/x "HSA fka AHS Never heard of them We wish them well" Unfortunately for MPT Bear Creek has heard of them. And just exercised its security interest in the $40MM HSA settled for w/ Steward Originally setup so that payment made right after year end as well. Let's watch https://t.co/EHYeS60VyQ 5.7/x"
[X Link](https://x.com/anyuser/status/1946678494961831992) 2025-07-19T21:08Z [---] followers, [---] engagements
"How much you want to bet that Aldag made up that origin story about the stock exchange Wouldnt be the first time he made shit up. Both before and during MPT. Remember all the bad is behind Steward Maybe he should go with the REAL MPT origin story for once and see if investors give him the time of day. How he embezzled money from Guilford got caught by the patron and his mentor/father figure whom he betrayed almost was prosecuted and wormed his way out of Guilford and Montgomery in total disgrace. It was a valuable first lesson in fraud. And the only next act was to play in a market that no"
[X Link](https://x.com/anyuser/status/1947285958820348400) 2025-07-21T13:22Z [---] followers, [----] engagements
"5.10/x MPT insists on calling unsecured loans secured. Why HSA is in default on the Bear Creek loan. MPTs [----] 10-K claims the MPT working capital loan to HSA is secured by accounts receivable. Bear Creek just confirmed its not secured rather unsecured and subordinated. HSA is MPTs third-largest tenant. This isnt a typo its a material misstatement. And yes thats securities fraud. Again. @SECGov @SEC_Enforcement This isnt an isolated case. In Q2:23 Aldag called a $140MM ABL participation secured and pari with the ABL lenders. But $40MM of that was actually the Tranche [--] unsecured loan per the"
[X Link](https://x.com/anyuser/status/1947383725072761156) 2025-07-21T19:50Z [---] followers, [----] engagements
"8/x Is MPT being investigated by the SEC Thanks to a multi-year MPT-dedicated paid tout who is routinely wrong about practically every major issue (thereby damaging/defrauding retail who think it is legitimate) we know FOIA for correspondence between MPT/SEC DENIED based on b7a exemption. b7a is a "law enforcement exemption" whereby release of info "could reasonably be expected to interfere with enforcement proceedings." Whether or not this tout is a real person and doxed self or is just another fictitious/stolen personality in the realm of "Kevin Toner" is another irrelevant issue. Whoever"
[X Link](https://x.com/anyuser/status/1947986515641925735) 2025-07-23T11:45Z [---] followers, [----] engagements
""MPT was here." $MPW "The strength of our underwriting. VALIDATED" $200MM paid by MPT in [----] for the real estate of Taylor and DCMH of Crozer. Now ". confirmed that DCMH and Taylor are not valuable estate assets." Gross combined offers of $2MM -$25.5MM net of obligations. So a 99% decline in gross value. Do you see it yet"
[X Link](https://x.com/anyuser/status/1949099357069815938) 2025-07-26T13:27Z [---] followers, [----] engagements
"MPTs consolidated net debt was 8.9BN last quarter. Its now 9.3BN WITHOUT having paid any secured bond interest in the quarter (just under 100MM accrued went out July 15). If MPT is growing delevering stabilized whatever. Then why is its net debt going up that much $MPW If MPT is delevering and cash flow is improving then why does their net debt keep going up each Q Which obviously adjusts for FX. While theyre window dressing their covs $MPW If MPT is delevering and cash flow is improving then why does their net debt keep going up each Q Which obviously adjusts for FX. While theyre window"
[X Link](https://x.com/anyuser/status/1950931347825951065) 2025-07-31T14:47Z [---] followers, [---] engagements
"Here is the CFO of a supposed "triple net REIT" which is levered 15-16x cash EBITDA yet supposedly "on firmer ground" admitting on an earnings call that MPT is using its secured RCF to avoid an unsecured bond covenant default. Let that sink in for a second. $MPW Now that Steve Hamner admitted MPT is window-dressing its MUTA covenant w/ the secured RCF even after impairing PHP (which was the nonsensical excuse last quarter) we can finally stop arguing whether RE impairments matter (they do the co just said so and notice MUTA exactly = https://t.co/MjwbXj9DNm Now that Steve Hamner admitted MPT"
[X Link](https://x.com/anyuser/status/1951022655156416994) 2025-07-31T20:50Z [---] followers, [----] engagements
"For something as messy and disgustingly complex as MPT sometimes it helps to zoom out and simplify things. MPT pretends to be a triple net REIT. Triple nets are literally the simplest of REITs. They should have no/minimal opex and no CAPX which are obligations of the tenants. Just rent checks in interest + overhead + dividends out. Simple. MPT would like you to believe it earned $81MM via NFFO in Q2:25 or $40MM after excluding non-cash SLR. Yet its consolidated net debt increased $350MM q/q Someone please explain that. Have the company explain it Thats not all devlpt. Theyve never been able"
[X Link](https://x.com/anyuser/status/1951257287969980795) 2025-08-01T12:22Z [---] followers, [---] engagements
"It is very easy to see what MPT is likely doing here to try to muddy the waters (starting from Q2 forward): - most likely accepting CT is a zero to them which is $135MM on the balance sheet - throwing $110MM more junior DIP into the bonfire thats very hard to see them getting any recovery on given uses to repay JMB + admin and all the remaining cash burn - funded another $13.5MM original junior DIP in July - $60MM seismic funding to insolvent HSA shell (wait who are they again) and who knows if MPT get any of that back and then - self-funding a new lease (terms undisclosed of course) on CA to"
[X Link](https://x.com/anyuser/status/1952943677564723711) 2025-08-06T04:03Z [---] followers, [----] engagements
"Absolute disaster so bad that MPT had no choice but to combine the corpses of Steward w/ Prospect into a new insolent entity. $MPW @BigRiverCapita1 It is very easy to see what MPT is likely doing here to try to muddy the waters (starting from Q2 forward): - most likely accepting CT is a zero to them which is $135MM on the balance sheet - throwing $110MM more junior DIP into the bonfire thats very hard to see them https://t.co/6mof8I6h9K @BigRiverCapita1 It is very easy to see what MPT is likely doing here to try to muddy the waters (starting from Q2 forward): - most likely accepting CT is a"
[X Link](https://x.com/anyuser/status/1953093832414839135) 2025-08-06T14:00Z [---] followers, [---] engagements
"MPT continued to burn cash in Q2:25 including via capitalizing perhaps $19MM tenant opex as a "triple-net landlord" and then impairing (fraud). Last quarter was $15MM run through MPT's own working capital. MPT also very clearly spent "CAPX" in the quarter netting asset sales (aircraft sale) against the outflow to show a positive number. MPT did same thing a year ago in Q2:24. Did Hamner lose his jet Sad. We conservatively use $20MM for estimated CAPX in the quarter but it is very likely more. CAPX has been $200MM/yr.+ since pre-Steward. There is no dividend coverage and annual cash burn is"
[X Link](https://x.com/anyuser/status/1954509002429080030) 2025-08-10T11:43Z [---] followers, [----] engagements
"Yes indeed Shamner lost his jet. Sad. Based at Sugar Land This is just another way that MPT hides "CAPX" spend. they net "corporate asset" sales against it How many times did "Daniel Yet" also from Sugar Land get a ride $MPW"
[X Link](https://x.com/anyuser/status/1954858326254100708) 2025-08-11T10:51Z [---] followers, [---] engagements
"Cash burn and much less free liquidity than they claim. As we have said. Now the equity gets whittled down to nothing. $MPW MPT continued to burn cash in Q2:25 including via capitalizing perhaps $19MM tenant opex as a "triple-net landlord" and then impairing (fraud). Last quarter was $15MM run through MPT's own working capital. MPT also very clearly spent "CAPX" in the quarter netting asset sales https://t.co/76v5IJd5dz MPT continued to burn cash in Q2:25 including via capitalizing perhaps $19MM tenant opex as a "triple-net landlord" and then impairing (fraud). Last quarter was $15MM run"
[X Link](https://x.com/anyuser/status/1955021434201235894) 2025-08-11T21:40Z [---] followers, [----] engagements
"Like we said MPT told the new secured bondholders they were going to dilute the equity. They just didnt tell you Par for the course. $MPW"
[X Link](https://x.com/anyuser/status/1955028702905151607) 2025-08-11T22:09Z [---] followers, [----] engagements
"Whats another phrase to describe a cash burning company that effectively issues common equity to fund the common dividend while also staying current on senior claims for as long as possible Cash is fungible $MPW"
[X Link](https://x.com/anyuser/status/1956349533987778923) 2025-08-15T13:37Z [---] followers, [---] engagements
"MPT Q2:25 Earnings Review Summary: $MPT is a "zombie REIT" at this point. Massive cash burn continues MPT has far less "free" liquidity than it claims it MUST raise equity questionable accounting continues and the stock is http://x.com/i/article/1957800999378182144 http://x.com/i/article/1957800999378182144"
[X Link](https://x.com/anyuser/status/1957817750140674078) 2025-08-19T14:51Z [---] followers, [----] engagements
"The math dictates just $710MM of free liquidity as of Q2:25 as can be seen below. But that is not all If one nets the known cash obligations before additional cash burn (which we define as OCF less tenant investments less common dividends) the figure is actually closer to just $140MM That is not enough liquidity to run this cash-incinerating business. More to be added to our Q2:25 MPT review. $MPW https://t.co/wTfVcar9Mv https://t.co/wTfVcar9Mv"
[X Link](https://x.com/anyuser/status/1957818064747073658) 2025-08-19T14:52Z [---] followers, [----] engagements
"MPT is very obviously going to declare a distribution from Infracore most likely in Q3 and try to record it to operating cash flow as a return on capital. They will do this bc Q3 OCF will be HORRIBLE burdened by all the secured bond interest. But this is not core cash flow from ops. In fact it came from MPT itself by recent loans and equity infusions That would be called round tripping or a repayment of a loan. Alternatively they may try to net it against CAPX to hide the true underlying spend again. Q2:24 and Q2:25 both netted against aircraft sales Scammer now flying economy All a shell"
[X Link](https://x.com/anyuser/status/1958498933291794742) 2025-08-21T11:58Z [---] followers, [---] engagements
"End of week (29/8/25) MPT valuation check in: $MPW - stock price implies an in-place 6.6% nominal cash cap rate w/o tenant investments / 1.1x GBV on the consolidated assets (excl. ML1 Vibra & PMH); so even after an 80% drawdown still trading above GBV of the assets despite numerous examples of inability to trade at MPT's marks - MPT's economics dictate no more than than 0.6-0.7x GBV and likely lower given the ongoing round-tripping / fake top-line "rents" and - At those levels the equity is worthless. It has no value just happens to have a price and a now $2.7BN equity mkt. cap"
[X Link](https://x.com/anyuser/status/1961552846618321082) 2025-08-29T22:13Z [---] followers, [----] engagements
"MPT is NOT trading at a discount to BV. You cannot ignore leverage in a situation where a supposed triple-net REIT is levered 16x. $MPW That is also why equity multiples are entirely irrelevant. They compress under excessive leverage. In fact the stock price implies a premium to GBV for the consolidated assets (setting aside former ML1 PMH Vibra Pipeline etc.). When is the last time MPT sold a large asset at a premium to GBV without direct support or the uses of structuring/leverage or an option agreement (struck at MPT purchase) Even Healthscope didn't go for more than GBV. Operator BK's a"
[X Link](https://x.com/anyuser/status/1962882355137266113) 2025-09-02T14:16Z [---] followers, [----] engagements
"Add this to the growing litany of MPT accounting irregularities. $MPW Prospect says MPT upsized the Foothill "mortgage loan" by $50MM in [----]. MPT says it upsized it by $100MM. These are their statements. These are their numbers. So where did the other $50MM go Recall annual PMH rent + interest owed back to MPT was $140MM/yr or $35MM/qtr at that time. We know that MPT had deferred $30MM before the end of September [----] and nothing was "paid" Q4:22. There is a credible case PMH paid near-zero rent + interest over [----]. All recorded to "NFFO" and "AFFO" (which cannot be engineered or"
[X Link](https://x.com/anyuser/status/1966122683407495628) 2025-09-11T12:52Z [---] followers, [----] engagements
"A friend just brought up a good point - this press release is basically MPT admitting that it is going to take a 100% bath on Prospect CT after taking a 100% bath on its PA and PHP investments. $MPW After 3+ years of bullshit and billions of investment including another $60MM out the door to CA and likely WC loans pending to AHS/HSA/NOR. Yet its a positive No its a DISASTER. The "resolution" was to. lose a shitload of money and smash the carcasses of Steward and Prospect together @BigRiverCapita1 If the real estate is gone what is left to back the $135MM of CT real estate if only the DIP (and"
[X Link](https://x.com/anyuser/status/1972665934281064547) 2025-09-29T14:13Z [---] followers, [----] engagements
"Looks like $13MM bid from UConn for the Waterbury WHOLECO $MPW MPT paid $230MM for just the Waterbury real estate in [----]. PMH paid $64MM for the real estate in [----]. Most of funds clearly earmarked for post-close renovation. NOT value to PMH/MPT Just another case of EGREGIOUS overpayment by MPT. Again. where is the cash coming from Link: https://www.nbcconnecticut.com/news/local/uconn-health-bids-buy-three-hospitals-patients-taxpayers/3644790/ https://www.nbcconnecticut.com/news/local/uconn-health-bids-buy-three-hospitals-patients-taxpayers/3644790/"
[X Link](https://x.com/anyuser/status/1974163963299479787) 2025-10-03T17:25Z [---] followers, [----] engagements
"Sounds familiar Arm's length 3rd-party bids for the hospital enterprises/WholeCos consistently and materially below MPT's investment in just the real estate $MPW I.e. MPT fraudulently capitalized the WholeCo's initially inflating its own balance sheet to artificial and uneconomic levels to juice exec compensation and fake "earnings." MPT continues to lend on an unsecured basis to insolvent tenants (HSA/AHS/NOR Vibra Quorum others) to round-trip rents and support these deliberate and fraudulent marks"
[X Link](https://x.com/anyuser/status/1974784373825110041) 2025-10-05T10:30Z [---] followers, [---] engagements
""MPT was here." $MPW The "Stop Medical Profiteering and Theft (MPT) Act." Link: Link: https://www.markey.senate.gov/news/press-releases/markey-sanders-blumenthal-introduce-legislation-to-protect-health-systems-from-predatory-real-estate-investment-trust-deals https://www.markey.senate.gov/imo/media/doc/stop_mpt_act_2025.pdf https://www.markey.senate.gov/news/press-releases/markey-sanders-blumenthal-introduce-legislation-to-protect-health-systems-from-predatory-real-estate-investment-trust-deals https://www.markey.senate.gov/imo/media/doc/stop_mpt_act_2025.pdf"
[X Link](https://x.com/anyuser/status/1975996179709071390) 2025-10-08T18:46Z [---] followers, [----] engagements
"Update: $13MM gross for the CCMC and Springfield WholeCos. $MPW MPT with its crack underwriting process (Aldag/Hamner walking down to the acquisitions department and saying "we are paying x for these make up some numbers to make them work." so that they can hit comp targets) paid $220MM for just the real estate of these two hospitals in [----]. So essentially a 100% loss versus what MPT underwrote and paid. Which is unheard of and near impossible to do in triple-net. A 100% loss on $421MM invested in PA. This isn't incompetence. This was deliberate overpayment to inflate earnings and the"
[X Link](https://x.com/anyuser/status/1978055996661469383) 2025-10-14T11:11Z [---] followers, [----] engagements
"MPT's business model and very existence are predicated on keeping investors analysts and regulators in the dark. $MPW So here is a breakdown of what consolidated assets are secured and which remain unencumbered. Bc MPT will most assuredly lie about and obfuscate this. Keep in mind that MPT routinely takes 50%+ losses versus their gross investment whenever the assets come to market to arm's length 3rd-party buyers. Summary: - The most easily saleable larger consolidated assets (still not easily sold def not at MPT's marks) get swept first to the $4BN+ of secured debt - What is left"
[X Link](https://x.com/anyuser/status/1979154495360643232) 2025-10-17T11:56Z [---] followers, [----] engagements
"And what do you know Already seeing the first blow-up ongoing in the secured pool #2 $MPW Didn't take long. Bonds were issued what. [--] months ago ScionHealth bonds trading [--]. Represents $400MM of the $6BN GBV collateral (at MPT's inflated marks) against $4BN secured debt"
[X Link](https://x.com/anyuser/status/1979494080267579458) 2025-10-18T10:25Z [---] followers, [---] engagements
"Here is a list of all the MPT entities with 1Ls on them. $MPW"
[X Link](https://x.com/anyuser/status/1980700636812570643) 2025-10-21T18:20Z [---] followers, [---] engagements
""MPT was here." $MPW This is what a delusional fraudulent criminal looks like. His name is Ed Aldag CEO of MPT. He knew full well Steward (and Prospect) had failed and was continuing to devise ways to send them money. But couldn't take being challenged so lashed out when he knew he had no hand to play. "I could lose everything." - Ed Aldag July [----] But then continued to lie to everyone externally about the status of the tenant(s)"
[X Link](https://x.com/anyuser/status/1981002231110418735) 2025-10-22T14:18Z [---] followers, [----] engagements
"There is so much here. Aldag's masterclass in gaslighting continues and will never stop. $MPW Let's break it down Link: https://www.medicalpropertiestrust.com/reaffirming-our-business-model https://www.medicalpropertiestrust.com/reaffirming-our-business-model"
[X Link](https://x.com/anyuser/status/1983485392298074472) 2025-10-29T10:45Z [---] followers, 25.2K engagements
"Here is MPT in a simple nutshell. Narrative (the dividend is covered/sustainable) vs. Reality (it's not). $MPW $70MM of YTD OCF boosted by only God knows what "other asset" benefits (notice the swing). Versus $145MM of YTD dividends And (again) hundreds of millions of tenants loans/"CAPX"/advances "in the middle." It's structural cash burn. Why is it that no other triple-net lease REIT makes such large "investments" in its tenants particularly the OpCo loans without any evidence of a return Or giving tenants 4+ years to actually spend on capital Is it "financing" or "CAPX" And then they lie"
[X Link](https://x.com/anyuser/status/1987175120343900404) 2025-11-08T15:07Z [---] followers, [----] engagements
"One week ago Sat. 1/11 to be exact Aldag/Hamner said "we need to rebut this" as critics rightly callout their BS. $MPW Now the EXACT same touts who threatened and menaced critics' families with physical violence are spewing those "storytelling" talking points. It would be impossible for one company to look and act any more guilty. And leave a paper trail to follow. And we haven't even gotten into the actual receipts yet They're basically asking people to "please sue us." They'll get their wish"
[X Link](https://x.com/anyuser/status/1987225184982499709) 2025-11-08T18:26Z [---] followers, [---] engagements
"How is it possible that MPT and the auditors blessed a write-up of the Prospect CT real estate in Q2 over Q1 $MPW Only to be impaired back DOWN again this quarter Knowing full well what the bids would be as early as May [----] and that MPT had taken over the DIP by repaying JMB in July [----] Did they just ignore the waterfall There was no mathematical possibility that $138MM in cash could flow to satisfy this CT real estate claim given the funded $105MM MPT DIP + $50MM+ of accrued adequate protection + $50MM TL roll-up standing in front. On top of fees expenses and taxes. Seemingly ANOTHER"
[X Link](https://x.com/anyuser/status/1987890827788431489) 2025-11-10T14:31Z [---] followers, [---] engagements
"This is the RE worlds version of vendor financing or channel stuffing. $MPW For all those fascinated with the circularity in tech rn. Its endemic in MPTs business model since inception. Find low-credit tenant often with insolvent shell OpCo (see NOR) finance losses at OpCo w/ loans/advances from MPT OpCo signs lease with MPT at unaffordable rates MPT records rent creates illusion of profitability at MPT allows MPT for a time to raise capital to keep going and mgmt to extract $$ But is CF-negative as we continue to see. MPT really a sponsor trying to keep any residual between rent and loans"
[X Link](https://x.com/anyuser/status/1989286984104231194) 2025-11-14T10:59Z [---] followers, [---] engagements
"MPT has never directly or indirectly engaged with its critics. $MPW Yet Babin would discuss wanting to post and respond directly with mgmt. And MPTs mgmt would spend company resources to get daily updates on social media activity around the cashtag. Got it"
[X Link](https://x.com/anyuser/status/1989439221157802112) 2025-11-14T21:04Z [---] followers, [---] engagements
"". Needed to close by May 10" or Steward would be out of cash and not pay May [----] rent. $MPW MPT closed "international JV" portion by May [--] which poured $200MM directly into Steward. MPT then "touted" 96% of May rent paid End of story. Rent round-tripping and fraud. All "earnings" completely fake. @SECGov @SEC_Enforcement @DOJCrimDiv The result rather than a natural restructuring of the leases to what was affordable and sustainable was the complete demolition (not saving) of the largest private hospital system in the U.S"
[X Link](https://x.com/AmaralPartners/status/1995888966462058807) 2025-12-02T16:13Z [---] followers, [----] engagements
"FFO "NFFO" and "AFFO" are useless metrics for MPT specifically if all or 100% of it is funded from MPT itself via below-the-line loans and "capex" to insolvent tenants. $MPW And that's exactly what has happened. "Short-term" working capital loans of $130MM + $40MM to cover tenant opex is $165MM of YTD "AFFO" as MPT used to report it (excludes "capex;" "AFFO" metric removed from MPT reporting entirely after exposed for being massively non-cash). The earnings are not there. They are being manipulated and engineered. Same thing happened in [----] with Project Easter. Those "earnings" would not"
[X Link](https://x.com/AmaralPartners/status/2010471328315253124) 2026-01-11T21:58Z [---] followers, [----] engagements
Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@AmaralPartners AMARAL Capital
AMARAL Capital posts on X about $mpw, $mpt, in the, flow the most. They currently have [---] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.
Engagements: [---] #
- [--] Week [------] -39%
- [--] Month [------] +147%
- [--] Months [-------] -15%
Mentions: [--] #
- [--] Week [--] +28%
- [--] Month [---] +80%
- [--] Months [---] -9.30%
Followers: [---] #
- [--] Week [---] -0.68%
- [--] Month [---] -1%
- [--] Months [---] +15%
CreatorRank: [---------] #
Social Influence
Social category influence finance 49.64% cryptocurrencies 36.5% stocks 2.19% social networks 0.73% technology brands 0.73% currencies 0.73% countries 0.73%
Social topic influence $mpw #10, $mpt #4, in the 13.14%, flow 9.49%, reit #145, money 8.03%, debt 8.03%, investment 8.03%, liquidity 8.03%, cash flow 7.3%
Top accounts mentioned or mentioned by @blutrades11 @perseusbc @bluntrrrrr @secgov @bigrivercapita1 @secenforcement @yentovon @civisxxi @civisdc @irsci @michaelechols @dojcrimdiv @chaka23121 @sfarringtonbkc @damiana166007 @orrinlee5 @wsj @pwc @pwcus @insiderct
Top assets mentioned Medical Properties Trust, Inc. (MPW) Miracle Play (MPT) McKesson Corporation (MCK)
Top Social Posts
Top posts by engagements in the last [--] hours
"There is no bottom to this PMH disaster caused by MPT. $MPW Primary bidder for Springfield failed to close in mid-December for just $3MM. Deal terminated. Back-up bidder paying just $1MM for Springfield. MPT paid $18.5MM for just the RE in [----]. A ZERO for "well-secured well-underwritten bespoke." net leased hospital real estate. Or some ridiculous buzzwords like that. It was simply a fraudulent capitalization of an insolvent WholeCo. It is nearly impossible to accomplish a ZERO in net lease. Unless you are committing blatant fraud. https://twitter.com/i/web/status/2012498529789370706"
X Link 2026-01-17T12:13Z [---] followers, [---] engagements
"Ed you can change the ticker as many times as you want. It doesn't alter the fact that you and your business are and have been entirely fraudulent 👇. $MPW $MPT How much money have you extended to your operators since September [----] How much since Q3:25 How many empty desks are there in the new HQ This is Exhibit A to Aldag's deceit and the degree to which he and Hamner can be trusted. $MPW ". collection of 96% of May rent and loan payments. operators demonstrate resiliency. outstanding performance by our tenants." And in the background (undisclosed of course) https://t.co/fMjoZoGl3I This is"
X Link 2026-01-20T13:45Z [---] followers, [----] engagements
"MPT can't even start off on the right foot with its "rebrand" to wait for it. MPT $MPW $MPT Notice that the "$1 billion of rents" is not adjusted for share of UJVs and so does not flow to the consolidated balance sheet as is and is not available 100% for debt service or dividends. So already is misleading. It also does not account for round-tripping loans to achieve that "rent" but that should be a given at this point. That's just the fraudulent model The more things change Link:"
X Link 2026-01-20T14:24Z [---] followers, [---] engagements
"Here comes insolvent NOR (aka insolvent HSA fka insolvent AHS) unable to satisfy the CA sale order terms (no surprise there) but with an interesting twist $MPW $MPT NOR trying to assert no personal guarantee by fearless leader Mike Sarian (who has time to tout MPT stock on Linkedin) whereas "general counsel" Faisal Gil testified (in between dodging money laundering charges and funneling money to Lemontree) in court during the sale hearing that Sarian's personal assets were available to perform Things going great already We all heard it and it is in the transcript. Do you see it yet"
X Link 2026-01-21T12:05Z [---] followers, [---] engagements
"Update from PMH hearing. $MPW $MPW "Delay day of reckoning. hearing cannot be delayed and vendors cutting (NOR) off." These vendors include McKesson. "Resolved.""
X Link 2026-01-21T16:48Z [---] followers, [---] engagements
"$MPT Update from PMH hearing. $MPW $MPW "Delay day of reckoning. hearing cannot be delayed and vendors cutting (NOR) off." These vendors include McKesson. "Resolved." Update from PMH hearing. $MPW $MPW "Delay day of reckoning. hearing cannot be delayed and vendors cutting (NOR) off." These vendors include McKesson. "Resolved.""
X Link 2026-01-21T17:15Z [---] followers, [---] engagements
"Insolvent NOR/HSA/AHS counsel Faisal Gil likely also on several FINCEN lists just lied in court saying he did not have his own law firm. $MPW $MPT"
X Link 2026-01-21T20:10Z [---] followers, [---] engagements
"The QAF liabilities being assumed by NOR. $MPW $MPT @BigRiverCapita1 @insider_ct Why is MPT just kicking in $1.2MM of funding for NOR to close PMH CA lol Was that contemplated in the sale order or at the hearing $MPW $MPT And then of course the $8.5MM from NOR is really coming from. MPT as well UCC already setup So MPT is funding the cash purchase https://t.co/EhLgBQP4dD @BigRiverCapita1 @insider_ct Why is MPT just kicking in $1.2MM of funding for NOR to close PMH CA lol Was that contemplated in the sale order or at the hearing $MPW $MPT And then of course the $8.5MM from NOR is really coming"
X Link 2026-01-21T22:01Z [---] followers, [---] engagements
"https://x.com/bigrivercapita1/status/2014200575676629401 How many different vendors did HSA promise those LIP proceeds to When they had already been pledged to Bear Creek $MPW https://t.co/V43lHPIMk0 https://x.com/bigrivercapita1/status/2014200575676629401 How many different vendors did HSA promise those LIP proceeds to When they had already been pledged to Bear Creek $MPW https://t.co/V43lHPIMk0"
X Link 2026-01-22T09:06Z [---] followers, [---] engagements
"Theres that f word again $MPW $MPT MPT picked HSA. MPT funds HSA. https://t.co/nPnXKJJM8Q https://t.co/nPnXKJJM8Q"
X Link 2026-01-22T14:34Z [---] followers, [---] engagements
"$MPW $MPT More of the same. @AmaralPartners No payments since June [----]. https://t.co/KqVoJpbwsl @AmaralPartners No payments since June [----]. https://t.co/KqVoJpbwsl"
X Link 2026-01-22T20:09Z [---] followers, [---] engagements
"Again these assumed QAF liabilities. $MPW $MPT If insolvent NOR cant make 400k payments in time then how can this work The QAF liabilities being assumed by NOR. $MPW $MPT The QAF liabilities being assumed by NOR. $MPW $MPT"
X Link 2026-01-22T21:07Z [---] followers, [---] engagements
"These guys cannot stop lending to their tenants. MPT has been lending to the operator of the former Steward assets non-stop since at least [----]. And Prospect since [----]. $MPW $MPT That's just what we know about. To wit below UCC dated 1/22/26. Interesting timing $MPW Would love to see the "collateral" here. https://t.co/8gRTS0xces To wit below UCC dated 1/22/26. Interesting timing $MPW Would love to see the "collateral" here. https://t.co/8gRTS0xces"
X Link 2026-01-24T12:33Z [---] followers, [---] engagements
"It should shock no one when the incremental bond interest incurred by MPT more than offsets any (round-tripped) new rent. $MPW $MPT AND/OR the equity gets diluted down to nothing to de-lever. Both put the worthless equity further in the hole"
X Link 2026-01-26T16:06Z [---] followers, [---] engagements
"MPT back in the equipment finance biz $MPW $MPT What does it mean when hospital operators start encumbering their FF&E Ask Steward and Prospect theyll tell you all about Aldag and Hamner can too. This one reminds us of Tranche [--] with Steward which was originally an equipment lease (by a REIT). $MPT $MPW What did Hamner say (as cover) about Tranche [--] Well secured A great opportunity We are so excited Here we see IT. Did MPT lend against some keyboards This one reminds us of Tranche [--] with Steward which was originally an equipment lease (by a REIT). $MPT $MPW What did Hamner say (as cover)"
X Link 2026-01-27T14:48Z [---] followers, [---] engagements
"Just in case there is any confusion as Aldag/Hamner will no doubt try to create $MPT: - invested $162MM gross in Norwood following the [----] mortgage conversion (with add'l cash going to Steward for liquidity/rent) - by 5/5/24 at the Steward BK had "invested" $423MM gross () including "CAPX" development costs & rent round-tripping and $472MM including the Q2:23 full ML1 rent deferral - invested 10s of millions more since the Steward BK. Depending on the ultimate sale price what is the IRR there Hint: it's not great. Just like most of their other disastrous deals."
X Link 2026-02-12T19:53Z [---] followers, [---] engagements
"12/x Paging @IRS_CI @SECGov @SEC_Enforcement @MichaelEchols here is MPT CEO Ed Aldag claiming "we have never used a RIDEA structure." Got it. Check. Another preposterous lie beyond ridiculous. Ernest Capella Springstone the "International Joint Venture" an attempted transaction for 50% of Steward OpCo itself but never completed were all RIDEAs. There are more. See MPT's own presentations And in the case of Ernest and Capella MPT obtained a PLR from the IRS in [----] (PLR #201049013) limiting TRS ownership of a healthcare operator qualifying as an EIK to no more 35% "by vote or value" of any"
X Link 2025-06-05T13:25Z [---] followers, [----] engagements
"Reality vs. Narrative $MPT Summary: The only thing Aldag/MPT are good at is "telling stories" never the truth. Key "reality vs. narrative" points up front discreet 10-Q items at the end. Note: HERE http://x.com/i/article/1985356099579478016 http://x.com/i/article/1985356099579478016"
X Link 2025-11-03T16:10Z [---] followers, 11.4K engagements
"The MPT $MPT story is layered and often every complex. There are strange personalities long and winding stories around discreet problem tenants unpaid vendor lawsuits lies and misstatements that http://x.com/i/article/1992194869326921728 http://x.com/i/article/1992194869326921728"
X Link 2025-11-22T13:47Z [---] followers, 12.9K engagements
"Just FYI the MPT BoD received a presentation in May [----] updating on all of this including the discussion of potential Steward BK. $MPW All of the members are still on the BoD including the ringleaders Aldag and Hamner. BOD not just complicit. Rather actively engaged in the fraud. See also further 2.22% purchase of Utah on Sep. [--] [----] to inject hidden $35MM into Steward to get ABL extended and prevent default. Twice in two years. Never disclosed. https://t.co/IlZnMxeIBX https://t.co/IlZnMxeIBX"
X Link 2025-11-24T19:55Z [---] followers, [----] engagements
"Why is MPT just kicking in $1.2MM of funding for NOR to close PMH CA lol Was that contemplated in the sale order or at the hearing $MPW $MPT And then of course the $8.5MM from NOR is really coming from. MPT as well UCC already setup So MPT is funding the cash purchase price for the transfer of the CA OpCos to an insolvent entity that MPT is then funding later operationally so as to "assume" its lease lol. Entirely fraudulent. Non-commercial and non-economic. Round-tripping. https://twitter.com/i/web/status/2014086632824074305 https://twitter.com/i/web/status/2014086632824074305"
X Link 2026-01-21T21:24Z [---] followers, [---] engagements
"Looks like someone (largest MPT tenant insolvent HSA/AHS/NOR) needs some more help with unpaid bills and judgments $MPT $MPW Note the date. MPT continues to invest in insolvent shellco operators not just the RE. It is a REIT in name only. In reality it collects residual checks (rent net of loans and "capx" going the other way) aka "dividends" from hospital WholeCos. "We wanted to own the operations." - Aldag https://twitter.com/i/web/status/2014850968664367350 https://twitter.com/i/web/status/2014850968664367350"
X Link 2026-01-24T00:01Z [---] followers, [----] engagements
"This one reminds us of Tranche [--] with Steward which was originally an equipment lease (by a REIT). $MPT $MPW What did Hamner say (as cover) about Tranche [--] Well secured A great opportunity We are so excited Here we see IT. Did MPT lend against some keyboards Maybe a few old copy machines Just making up new entities to find ways to lend to an insolvent tenant and then lie about that tenants status. Looks like someone (largest MPT tenant insolvent HSA/AHS/NOR) needs some more help with unpaid bills and judgments $MPT $MPW Note the date. MPT continues to invest in insolvent shellco operators not"
X Link 2026-01-24T10:45Z [---] followers, [----] engagements
"Tranche [--] $MPW $MPT - originated 12/4/22 amidst increasing scrutiny and BEFORE the infamous Q1:22 earnings call when Aldag/Hamner claimed "no concerns about any MPT tenants" - was originally an equipment SLB by a purported hospital REIT. Let that sink in. - subsequently "papered" as a secured loan advance under the existing promissory note to address "temporary" working capital shortfalls - claimed to have "priority" in Utah OpCo disposition - $100MM of $150MM zeroed in Steward's BK So what's the story with HSA https://twitter.com/i/web/status/2016510943484584024"
X Link 2026-01-28T13:57Z [---] followers, [---] engagements
"HSA/NOR owed about 20mm+ within the Prospect BK including 11mm that had to be paid by end of week. $MPT $MPW It had delayed per usual then agreed to settle and pay. Concurrently MPT filed this 👇 UCC no doubt to fund these payments bc HSA cannot. MPT will scream the rent is paid But was it really Bc again it would not have been paid without the money coming from MPT itself Its a fraud. This one reminds us of Tranche [--] with Steward which was originally an equipment lease (by a REIT). $MPT $MPW What did Hamner say (as cover) about Tranche [--] Well secured A great opportunity We are so excited"
X Link 2026-01-29T15:15Z [---] followers, [---] engagements
"Hint: MANY open desks as MPT continues to outsource key functions (like property accounting) and eliminate other positions. $MPW $MPT Yet cash G&A doesnt go down Ed you can change the ticker as many times as you want. It doesn't alter the fact that you and your business are and have been entirely fraudulent 👇. $MPW $MPT How much money have you extended to your operators since September [----] How much since Q3:25 How many empty Ed you can change the ticker as many times as you want. It doesn't alter the fact that you and your business are and have been entirely fraudulent 👇. $MPW $MPT How"
X Link 2026-01-29T20:04Z [---] followers, [---] engagements
"$MPW $MPT Hey Ed tell us more about the "rent ramp" from ML1 properties. The TSA was the problem right $MPW https://t.co/2oZdjPRfBk Hey Ed tell us more about the "rent ramp" from ML1 properties. The TSA was the problem right $MPW https://t.co/2oZdjPRfBk"
X Link 2026-01-30T00:32Z [---] followers, [---] engagements
"Where do they find these people $MPT $MPW Recommending a "promised 200% return" - sounds like a security. Does MPT do any KYC or AML Do they care Hmmm.Faisal Gill who wears many hats at $MPW "Quality Operator" HSA a/k/a NOR a/k/a AHS. involved in yet another scam. Odd pattern here https://t.co/yhaiMJaZBx https://t.co/fTNxRNzQsi Hmmm.Faisal Gill who wears many hats at $MPW "Quality Operator" HSA a/k/a NOR a/k/a AHS. involved in yet another scam. Odd pattern here https://t.co/yhaiMJaZBx https://t.co/fTNxRNzQsi"
X Link 2026-01-30T18:26Z [---] followers, [---] engagements
"And this who runs services for HSA via Lemontree brother of Faisal. $MPT $MPW"
X Link 2026-01-30T18:43Z [---] followers, [---] engagements
"Insolvent NOR subsidiary of insolvent HSA couldn't even make the $5.5MM vendor payable payment agreed to last week. $MPT $MPW Now needs until Feb [--]. They cannot make small balance payments and require loans from MPT. Look at dates on UCC. But Aldag would have investors believe the "rent" is ramping and sustainable. It comes from MPT itself = round-tripping and fraudulent earnings. https://twitter.com/i/web/status/2017372006463733955 https://twitter.com/i/web/status/2017372006463733955"
X Link 2026-01-30T22:59Z [---] followers, [----] engagements
"How does Aldag square these loans/cash flow shortfalls at HSA/NOR (still nowhere near full "rent") with comments made a year ago in late-Feb. [----] that "certainly the vast majority" of former ML1 hospitals are CF positive BEFORE rent $MPT $MPW Recall not all Q3:25 "rent" was paid on time as MPT was lending money to the tenant Insolvent NOR subsidiary of insolvent HSA couldn't even make the $5.5MM vendor payable payment agreed to last week. $MPT $MPW Now needs until Feb [--]. They cannot make small balance payments and require loans from MPT. Look at dates on UCC. But Aldag would have investors"
X Link 2026-01-31T12:09Z [---] followers, [---] engagements
"Why is MPT conducting outreach to its [----] 1% EUR noteholders Werent those resolved $MPT $MPW"
X Link 2026-02-01T16:03Z [---] followers, [---] engagements
"MPTs top tenant is insolvent. Again. $MPW $MPT $MPW $MPT "Quality Operator" HSA a/k/a AHS a/k/a NOR a/k/a Steward [---]. Very clearly insolvent. #HSALiens #HSALawsuits https://t.co/9uueb1lrUX $MPW $MPT "Quality Operator" HSA a/k/a AHS a/k/a NOR a/k/a Steward [---]. Very clearly insolvent. #HSALiens #HSALawsuits https://t.co/9uueb1lrUX"
X Link 2026-02-01T16:05Z [---] followers, [---] engagements
"One changed letter in the ticker doesnt change the scam. $MPT $MPW Desperate attempts to delay payment on $6mm judgment to Aramark from $MPW $MPT captive tenant/alter ego HSA/AHS/NOR. #HSALawsuits https://t.co/UesjmBUmwr https://t.co/3OIhAoqYqL Desperate attempts to delay payment on $6mm judgment to Aramark from $MPW $MPT captive tenant/alter ego HSA/AHS/NOR. #HSALawsuits https://t.co/UesjmBUmwr https://t.co/3OIhAoqYqL"
X Link 2026-02-01T16:10Z [---] followers, [---] engagements
"This is just what insolvent NOR owes within the PMH BK and cannot seem to pay on time/at all. Delay delay delay. $MPT $MPW What about the several 10s of millions OUTSIDE the BK that broader alter ego HSA/AHS/NOR cannot pay MPT needs more money. Again"
X Link 2026-02-03T10:32Z [---] followers, [---] engagements
"Were there any fraudulent online jewelry stores involved (HSA's original website) $MPW $MPT @AmaralPartners Curious litigation between the two straw owners of AHS/HSA/NOR. Nothing to see here Right $MPT $MPW https://t.co/gd2f4BV3kR @AmaralPartners Curious litigation between the two straw owners of AHS/HSA/NOR. Nothing to see here Right $MPT $MPW https://t.co/gd2f4BV3kR"
X Link 2026-02-03T21:02Z [---] followers, [---] engagements
"HSA "continues to perform very well." - Aldag Q3:25 earnings call $MPT Steward "continues to perform very well." - Aldag throughout 2017-2022. It's a fraud"
X Link 2026-02-04T21:47Z [---] followers, [---] engagements
"This 👇 is something @SilverPointCap and GoldenTree (not on X) would probably care about along with @SECGov @SECEnfDirector @DOJCrimDiv. If they all still care about DD and addressing fraud. $MPT Aldag and MPT are frauds. $MPT "All of these operators continue to perform very well. none of these top-5 operators are anybody that we're worried about." vs. ". serious concerns about Steward's precarious financial situation." and "potential for a Steward bankruptcy" at https://t.co/vv5HhULZ5v Aldag and MPT are frauds. $MPT "All of these operators continue to perform very well. none of these top-5"
X Link 2026-02-07T22:17Z [---] followers, [---] engagements
"The @WSJ had fraudulent round-tripping MPT & Aldag pegged from the beginning. $MPT"
X Link 2026-02-08T12:49Z [---] followers, [---] engagements
"All of these NOR liabilities are actually MPT liabilities along with those of HSA. $MPT Because it is MPT who will be paying them along with its own rent. They should be consolidated with and into MPT. Paging @PwC. This is just what insolvent NOR owes within the PMH BK and cannot seem to pay on time/at all. Delay delay delay. $MPT $MPW What about the several 10s of millions OUTSIDE the BK that broader alter ego HSA/AHS/NOR cannot pay MPT needs more money. Again. https://t.co/9CjeRBkadV This is just what insolvent NOR owes within the PMH BK and cannot seem to pay on time/at all. Delay delay"
X Link 2026-02-08T18:20Z [---] followers, [---] engagements
"RT @AmaralPartners: Aldag and MPT are frauds. $MPT "All of these operators continue to perform very well. none of these top-5 operators"
X Link 2026-02-09T13:45Z [---] followers, [--] engagements
"Why are you recommending a well-known fraud that engages in rent round-tripping with its tenants later lies about it and then also routinely sells assets well below gross cost $MPT And has already lent new ML1 tenants more than a full year run rate of rent before even hitting that run rate With more bills on the come including from NOR Aldag and MPT are frauds. $MPT "All of these operators continue to perform very well. none of these top-5 operators are anybody that we're worried about." vs. ". serious concerns about Steward's precarious financial situation." and "potential for a Steward"
X Link 2026-02-09T19:35Z [---] followers, [---] engagements
"This as expected means that the remaining CT RE value gets impaired. $MPT That's about $55MM or so remaining on the balance sheet. Written up by MPT in Q2:25 only to become a zero. PA and CT RE both ZEROS to MPT. Versus $870MM invested by MPT in the RE in [----]. Huge embarrassing failure. CT reclassified provider taxes into unsecured claims. https://twitter.com/i/web/status/2020952942803550219 https://twitter.com/i/web/status/2020952942803550219"
X Link 2026-02-09T20:08Z [---] followers, [---] engagements
"Also "revenue per share" as a "key metric" for a REIT $MPT What about: tenant loans G&A interest cost for an excessively-levered REIT "CAPX" for a triple net "other impairments" which are really more disguised tenant loans non-cash adjustments such as SLR or FAS141 etc I mean are we kidding here https://twitter.com/i/web/status/2020971061316288976 https://twitter.com/i/web/status/2020971061316288976"
X Link 2026-02-09T21:20Z [---] followers, [---] engagements
"MPT getting shills to write about revenue per share shows you just how desperate they are. $MPT"
X Link 2026-02-09T22:13Z [---] followers, [---] engagements
"@chaka23121 @SFarringtonBKC What are we an unprofitable shitco retailer now $MPT"
X Link 2026-02-09T22:34Z [---] followers, [---] engagements
"Can just see it now A new $MPT cash bonus comp plan based on revenue per share from insolvent tenants under 100-year leases + extension options after paying 3x what any other buyer would pay MPT getting shills to write about revenue per share shows you just how desperate they are. $MPT MPT getting shills to write about revenue per share shows you just how desperate they are. $MPT"
X Link 2026-02-10T01:01Z [---] followers, [---] engagements
"@chaka23121 @SFarringtonBKC MPT's GAAP "revenue per share" was about $0.40/sh in Q3:25. $MPT $MPW It's cash flow available to its equity holders was. lower. And just as negative as it has consistently been for the past decade plus"
X Link 2026-02-10T14:38Z [---] followers, [---] engagements
"Out of the danger zone. $MPT Insolvent tenants 15x leverage negative FCF mounting tenant bills 2bn of debt maturing in next 18mos additional tenant loans inability to sell assets of size any asset proceeds writhin secured pool swept to bondholders And this article cites revenue per share. Pretty clear who the clown is. Do you disclose your conflicts Or do you want to make yourself part of the scam. https://twitter.com/i/web/status/2021246225442304101 https://twitter.com/i/web/status/2021246225442304101"
X Link 2026-02-10T15:33Z [---] followers, [---] engagements
"Investors / regulators: Why do you and $MPT routinely lie about material issues Aldag: The DOW is over 50000"
X Link 2026-02-11T21:49Z [---] followers, [---] engagements
"RT @AmaralPartners: Cerberus/Steward notified $MPT / Aldag of Steward's "precarious financial situation and potential for. bankruptcy" on"
X Link 2026-02-12T15:47Z [---] followers, [--] engagements
"Aldag and MPT are frauds. $MPT "All of these operators continue to perform very well. none of these top-5 operators are anybody that we're worried about." vs. ". serious concerns about Steward's precarious financial situation." and "potential for a Steward bankruptcy" at the exact same time. https://twitter.com/i/web/status/2020187900319576308 https://twitter.com/i/web/status/2020187900319576308"
X Link 2026-02-07T17:28Z [---] followers, [----] engagements
"Cerberus/Steward notified $MPT / Aldag of Steward's "precarious financial situation and potential for. bankruptcy" on April [--] [----]. It also requested MPT forbear "delinquent May [----] lease and mortgage payments" as "Steward could run out of cash in just a few weeks." Material misstatement and/or omission by Aldag and MPT just [--] days later on April [--] Would a potential BK by the largest tenant representing 24% of MPT's assets and 28% of MPT's revenue be "considered important by a reasonable investor when making a decision" Aldag and MPT are frauds. $MPT "All of these operators continue to"
X Link 2026-02-11T12:08Z [---] followers, [---] engagements
"This is not on MPTs website. $MPT Released early Did they have the BoD meeting yet to declare it Lol https://www.businesswire.com/news/home/20260212899801/en/MPT-Declares-Regular-Quarterly-Dividend https://www.businesswire.com/news/home/20260212899801/en/MPT-Declares-Regular-Quarterly-Dividend"
X Link 2026-02-13T11:19Z [---] followers, [---] engagements
"RT @AmaralPartners: HSA "continues to perform very well." - Aldag Q3:25 earnings call $MPT Steward "continues to perform very well." - Al"
X Link 2026-02-06T16:27Z [---] followers, [--] engagements
"Is MPT "Cheap". "No." Questions: How to value a complex and challenging $MPW following a massive stripping of collateral away from the unsecured notes/equity in favor of the new secured debt holders How to think about http://x.com/i/article/1900372360576065537 http://x.com/i/article/1900372360576065537"
X Link 2025-03-14T02:53Z [---] followers, [----] engagements
"What is this $400MM+ of claims through the waterfall BEFORE MPT's real estate claims The real estate is carried for $660MM as of Q4:24. YNHH most recently bid $150MM for the WholeCo. The CA assets are "cash flow positive" likely excluding affiliated entity costs excluding MPT's prior contractual rent of $45MM/yr. and for sure excluding adequate maintenance capex of 6-8% of patient revenues. Prospect had been spending about 1.5% of revenues each year so starving the hospitals of investment. More MPT loans to other (redacted) "quality operators" to operate the hospitals $MPW"
X Link 2025-03-19T17:17Z [---] followers, [----] engagements
"Here is the problem with MPT at any share price above absolute zero. Before you address the fraud. MPT's "cash paying" consolidated assets (approx. $9BN of GBV/gross cost) are yielding just 7.4% cash-on-cash unlevered excluding overhead and CAPX. That number drops deep into the 5s when you include CAPX and other tenant support of which MPT has spent $200-300MM+ per annum forever. Even pre-Steward. MPT just secured its "best" assets at 8% cost of debt on a YTM basis up to a 65% LTV on cost (higher on MV). k ROIC -- provably not earning the cost of capital. Apply basic valuation math and MPT's"
X Link 2025-03-25T19:55Z [---] followers, [----] engagements
"A Historic Disaster at Prospect - One More Example of the "Strength of MPT's Underwriting" MPT appears on its way to an 80%+ loss on the $1.8BN it has invested into Prospect Medical Holdings since July [----] and a possible 60%+ writedown on the remaining carrying value of its investment should the assets actually be sold according to the bid procedures. Despite whatever narrative is spun the recent BK settlement is a disaster for MPT due to the significant claims now sitting in front of MPT. Indeed it is very possible that MPT extracts $200MM through the waterfall from this settlement. If MPT"
X Link 2025-03-26T18:44Z [---] followers, [----] engagements
""MPT was here." $MPW FRAUD. Pure and simple. Throughout [----] MPT repeatedly (1) denied that Steward would have issues refinancing its ABL facility (2) denied it would need to lend and/or participate in said refinancing and (3) denied it had guaranteed or backstopped the debt of its largest tenant. Management lied about the reasons for the $150MM Tranche [--] loan. The first $75MM advance was made on 12/4/22 BEFORE the HCA/Utah deal was killed. The truth is Steward was experiencing a "liquidity crisis" in late-2021/early-2022 ("we need the money tomorrow."). Management lied to investors and"
X Link 2025-04-04T13:08Z [---] followers, [----] engagements
"Very interesting that MPT's "Corporate Governance Guidelines" were just recently updated to allow for pledging of $MPW shares by the Chairman (Aldag) upon exception granted by the lead director (Stewart). After MPT previously had a "no pledging" policy through the most recent [----] proxy. This of course coming after it became widely understood in mid-2024 that Aldag had margined himself on his shares. So just more fraud perpetrated against MPT shareholders. And more backdating as in the case of the Cerberus convert the $150MM Tranche [--] loan (SLB on equipment and "personalty") the $100MM"
X Link 2025-04-05T11:17Z [---] followers, [---] engagements
"MPT similar to most REITs structured their investment approval process such that only transactions above a threshold dollar amount have to be approved by the full BoD (think the $400MM "Project Easter" later $735MM after MPT took out the convert). Deals below that certain amount can be approved by the smaller Investment Committee (IC). In late-2022 MPT management fully aware that Steward was failing and short minimum liquidity under the ABL (to which MPT was a party had backstopped and claimed "no issues") and desperate to find ways to channel liquidity to Steward hurried to write a "put"
X Link 2025-04-07T13:01Z [---] followers, [----] engagements
"These Are Not the Book Values You Are Looking For. "You will never find a more wretched hive of scum and villainy." - Obi-Wan Kenobi Sometimes when you are caught out with no excuses and a very uncertain escape plan the only option may be to deploy http://x.com/i/article/1907410094553219072 http://x.com/i/article/1907410094553219072"
X Link 2025-04-10T14:04Z [---] followers, [----] engagements
"Over/under on the number of people in this photo who have already talked to the Feds We will set the line at [--] and CONFIDENTLY take the over. $MPW"
X Link 2025-04-21T20:08Z [---] followers, [---] engagements
"If you are an MPT shareholder or bondholder first off best of luck to you. You'll need it. But you need to understand that your own BoD in concert with the fraudulent and incompetent MPT management team has actively conspired to deceive and defraud you. $MPW MPT similar to most REITs structured their investment approval process such that only transactions above a threshold dollar amount have to be approved by the full BoD (think the $400MM "Project Easter" later $735MM after MPT took out the convert). Deals below that certain MPT similar to most REITs structured their investment approval"
X Link 2025-04-22T13:43Z [---] followers, [---] engagements
"MPT Q1:25 Review (Updated Following 10-Q Filing) Turns out that impairments DO matter the company remains a cash-burning mess the call was a circus AND we got the "Friday Night Dirty" $MPT Key Highlights: $MPT's Cash Flow Absolutely Collapsed http://x.com/i/article/1918085377060945920 http://x.com/i/article/1918085377060945920"
X Link 2025-05-02T12:52Z [---] followers, [----] engagements
"Imagine opening up a launch presentation for a new MPT secured bond offering dated 29/1/25 (filled with lies and misrepresentations btw especially on the track record) with the Goldman bankers showing you a PF RCF balance of $65MM drawn at close. And along the way MPT's fraudulent C-suite tells you that "RE impairments don't matter" for the MUTA covenant calc. They even get JPM credit research to write a note about it And then you wake up last Thursday morning and MPT shows you a drawn $640MM RCF balance just [--] months later. And the CFO gets on the call and admits they are "window-dressing""
X Link 2025-05-03T11:30Z [---] followers, [----] engagements
"Subtle pickup in the 10Q classic Hamner/Hanna word play: Notice that ALL covenants included in description of compliance as of 31/3/25. "ALL covenants." Later in 10Q 150% MUTA test EXCLUDED from list of covenant compliance list as of 7/5/25. Which makes sense as MPT paid down the secured RCF to just $300MM outstanding post-quarter end. "ALL SUCH covenants." More evidence that MPT is using the secured RCF to "window dress" the MUTA test which stands at 140% without the secured RCF draw. Impairments do matter. How do the unsecured bondholders feel about this How do the bank lenders feel about"
X Link 2025-05-10T21:16Z [---] followers, [---] engagements
"How is the below 👇 any different than MPT mgmt saying "Steward is strongly cash flow positive" back in Q4:22 Here are the ACTUAL cash flow numbers that Steward was reporting to MPT at the time: Q3:22: Cash from ops (CFO) -$23.813MM CAPX -$20.614MM = FCF of -$44.4MM Oct. 2022: CFO -$46.116MM CAPX -$7.724MM Nov. 2022: CFO $80.493MM CAPX -$28.584MM Dec. 2022: CFO -$147.741MM () CAPX -$22.092MM = Q4:22 FCF of -$171.764MM not only NOT positive but also far worse than Q3. Fraud. When do you all stop listening to these guys When are they held accountable for this $MPW Question: Aldag said "."
X Link 2025-05-14T18:04Z [---] followers, [----] engagements
"Coming out of Q1:25. we believe the following is what matters as MPT mgmt. no doubt lines up to "sell their equity story" at NAREIT and elsewhere ahead of trying to save the company: (1) MPT is NOT cheap - the current share price implies just a low-to-mid-6% cash cap rate for the consolidated "rent-paying" assets (2) MPT is NOT covering its dividend even at the reduced rate with anything that even closely resembles cash flow (3) MPT has placed itself in a structural cash burn position ($100MM OCF again $200MM of annual tenant loans/"CAPX" and current dividend rate of $192MM) and could burn"
X Link 2025-05-15T10:37Z [---] followers, [----] engagements
"Do you ever wonder why MPT lies so much about pretty much every aspect of their business It's because a massive lie sits at the very foundation of MPT. The entire company was built on a lie. "We empower operators to. immediately unlock 100% of the value of their real estate and redirect those funds into patient care." - CEO Ed Aldag on 1/5/25 No you do not. Provably. This is a lie and a fraud. - MPT's own sources & uses dated 3/10/16 from the original [----] Steward transaction showed 60% of the transaction proceeds allocated to shareholder dividends (Cerberus + RDLT) - the figure would grow to"
X Link 2025-05-16T11:03Z [---] followers, [----] engagements
"- This is just so egregiously wrong it needs addressing: - The cash flow from the unencumbered assets (Steward and Prospect) is NOT growing it is shrinking. MPT is out for $130MM in loans since Q3:24 $15MM in direct working capital payments in Q1:25 at least $8MM in "CAPX" to HSA in Q1:25 and more elsewhere. I.e. MPT are already out for more in "investments" to insolvent ML1 tenants than a full year run-rate of rent. What are you talking about They are burning cash - MPT was not just complicit they actively participated in hiding Steward's financial state since at least [----]. Do we have to"
X Link 2025-05-17T11:05Z [---] followers, [----] engagements
"What REALLY happened with Steward Health Care MPT was willing to BK a safety-net hospital system via an initial [----] transaction that made absolutely no financial sense. Under any circumstance. All for the purposes of paying management. Coincidentally just this morning MPT showed its hand again throwing another tantrum over ISS criticism of its ridiculous and asymmetric pay schemes. Green Street did as well [--] weeks ago. People are FINALLY catching on. $MPW Link to proxy supplement this morning: https://medicalpropertiestrust.gcs-web.com/static-files/a909161e-1728-457b-8182-a7040b0b7549"
X Link 2025-05-20T11:45Z [---] followers, [----] engagements
"MPT lining up a PIPE or some other massively dilutive equity raise $MPW Is there a more glaring sign of ML1 + Prospect BK (bids poor) + mgmt. gaslighting failure (need for more liquidity) post the new secured bond deal MPT does NOT have sufficient liquidity (window-dressing its covs with RCF) otherwise would not need to sell stock: - get ready for 75%+ equity dilution over time if the bogey is $2BN to repay 2026/27 notes - the stock isn't "cheap" or "distressed" at a $2.8BN market cap and a mid-6% implied cash cap rate (nowhere near 10%+ where is the pricing of risk) - the size of the current"
X Link 2025-05-22T19:49Z [---] followers, [----] engagements
"If MPT were to sell equity to repay its remaining [----] and [----] unsecured notes as Goldman bankers said was the plan (to sell equity) post-secured raise it's version of "NFFO" and "AFFO" as fraudulent as they are would disappear. Cash flow is obviously negative. $MPW MPT lining up a PIPE or some other massively dilutive equity raise $MPW Is there a more glaring sign of ML1 + Prospect BK (bids poor) + mgmt. gaslighting failure (need for more liquidity) post the new secured bond deal MPT does NOT have sufficient liquidity (window-dressing https://t.co/3YUMQM9TVX MPT lining up a PIPE or some"
X Link 2025-05-23T19:30Z [---] followers, [----] engagements
"MPT's handling of Prospect Medical (PMH) and PHPH were also completely fraudulent. First MPT initially marked an "equity stake" in an OpCo entity PHPH at $700MM in mid-2023. It is now marked at just $130MM. The gross value paid by $ASTH at $745MM fell below every single valuation range prepared by BofA for "Project Picasso" ($910MM - $1.3BN). MPT never disclosed the liens by Centerbridge/Blue Torch on the CA facilities nor the extra $50MM funding by these senior lenders in late-2023 nor all the 2023-2024 amendments. Second it is now "validated" that MPT hid the degree of Prospect's"
X Link 2025-05-27T19:27Z [---] followers, [----] engagements
"Not great re: Prospect RI sale. $MPW My understanding is they went into the market on Thursday to price the bonds and they weren't able to sell the bondsthey had individual meetings they were explaining everything to the potential investors meaning that folks were potentially going to buy the bonds and they were anticipating that they would get enough interest that they could sell the bonds on Thursday and they weren't able to do that" said Josh Nemzoff. And if they can't sell the bonds then there's no bond deal and they won't be able to sell it as it is.what they will do and I don't know""
X Link 2025-05-28T11:51Z [---] followers, [----] engagements
"Whoever could have guessed that MPT needs more capital Right after securing the "best" assets So much for that "tremendous liquidity" and "debt covered through 2026" The TLR is 60% right now which means it would be tested with any new debt security. Get ready for some serious equity dilution pre-fraud $MPW If MPT were to sell equity to repay its remaining [----] and [----] unsecured notes as Goldman bankers said was the plan (to sell equity) post-secured raise it's version of "NFFO" and "AFFO" as fraudulent as they are would disappear. Cash flow is obviously negative. $MPW If MPT were to sell"
X Link 2025-06-02T21:39Z [---] followers, [---] engagements
"But but MPT doesnt round trip rents This MAM JV default and loan to pay rent was never disclosed by MPT. In [----] 10-K MPT says it agreed to fund a $60 million bridge loan (of which we funded in January 2024) Fraud. $MPW"
X Link 2025-06-03T18:15Z [---] followers, [----] engagements
"MPT kept this JV marked at par for two more quarters once again demonstrating the lie that is their balance sheet. Did @PwC know about this default and loan to pay rent Investors definitely did not $MPW But but MPT doesnt round trip rents This MAM JV default and loan to pay rent was never disclosed by MPT. In [----] 10-K MPT says it agreed to fund a $60 million bridge loan (of which we funded in January 2024) Fraud. $MPW https://t.co/6pUIECSeN2 But but MPT doesnt round trip rents This MAM JV default and loan to pay rent was never disclosed by MPT. In [----] 10-K MPT says it agreed to fund a $60"
X Link 2025-06-03T18:39Z [---] followers, [---] engagements
"It should be completely obvious based on the below 👇 and after more than two decades of falsehoods that whenever Ed Aldag or Steve Hamner speak they are probably lying to you. Now its not just to investors or analysts on earnings calls conferences etc. now they are willing to lie straight to the faces of politicians at live public hearings. So if you hear or read "MPT management said x" or if these guys tell you y discount accordingly. $MPW 12/x Paging @IRS_CI @SECGov @SEC_Enforcement @MichaelEchols here is MPT CEO Ed Aldag claiming "we have never used a RIDEA structure." Got it. Check."
X Link 2025-06-05T18:21Z [---] followers, [---] engagements
""We've never used a RIDEA structure." - MPT CEO Ed Aldag on June [--] [----] 👇 Your [----] 10-K says otherwise. It lists your "RIDEA and similarly structured investments" at $1BN. The CEO's on-the-record statements directly conflict with securities/regulatory filings with @SECGov @SEC_Enforcement @IRS_CI. Why is this important Bc RIDEA was a mechanism used by MPT to attempt to fraudulently extract nearly all of the value of an entire hospital system (not just the real estate) while continuously recapping said system later to record "rent" to MPT's "earnings." Aka a fraudulent round-tripping scheme."
X Link 2025-06-06T14:35Z [---] followers, [----] engagements
"If you ask a liar if he lied. will he tell you the truth $MPW "We've never used a RIDEA structure." - MPT CEO Ed Aldag before LA Senate on 4/6/25 "We first used the structure RIDEA. when we purchased Ernest. use our hospital operating knowledge to obtain not just real estate returns but. operating returns as well. RIDEA-type investments represent only 7% of our assets." - MPT CEO Ed Aldag MPT Q2:15 CC held on 4/8/15 @MichaelEchols @KatrinaRJackson @McmathPat 12/x Paging @IRS_CI @SECGov @SEC_Enforcement @MichaelEchols here is MPT CEO Ed Aldag claiming "we have never used a RIDEA structure.""
X Link 2025-06-10T17:46Z [---] followers, [----] engagements
"Your definitive MPT fraud due-diligence guide. All you need to know before MPT tries to pull the rug on you with some new worthless equity. Just months after (not) solving its liquidity issues with new secured debt $MPW 1/x - First the stock is not cheap (pre-fraud): - You are buying the consolidated operating assets (excl. ML1 PMH Vibra) at an implied 6.6% nominal cash cap before CAPX/overhead () - the economics of the business support $7.5BN or lower gross MV or 0.65x or lower vs. MPT's inflated GBVs and - NFFO is not applicable bc of 20%+ SLR and random one-time gains. AFFO no longer"
X Link 2025-06-12T00:14Z [---] followers, 12.5K engagements
"MPT facilitated it all as effective equity sponsor providing 100% of the capital to an insolvent @Steward over 2016-July [----]. This included the money Cerberus and RDLT stole. MPT should have consolidated its control investment. $MPW @DonutShorts @BigRiverCapita1 @ParrotCapital $MPW is a boat that is full of holes which also hit an iceberg and is now taking on water below the waterline. Good luck to this Titanic of trash. h/t @DonutShorts 🍩 https://t.co/8y32pOwDbh $MPW is a boat that is full of holes which also hit an iceberg and is now taking on water below the waterline. Good luck to this"
X Link 2025-07-01T00:32Z [---] followers, [----] engagements
"@PwCUS PMH still annualizing $40-50MM EBITDAR before corporate allocations through end of April meaning likely worse and definitely burning cash after underwriting min. maintenance CAPX of $50-60MM (6-8% of revs). PMH overall burning ton of cash. CT still a disaster. $MPW"
X Link 2025-07-04T11:42Z [---] followers, [---] engagements
"This is a mess. Similar to Steward very obvious no one willing to fund beyond JMB additional $30MM. Cash balance negative Balls in your court MPT. Either fund or accept failed sales process which also requires funding. $MPW As expected (from a week and a half ago mentioned here) similar to as w/ Steward PMH is running out of cash given missed sale deadlines. Despite the inbound $67.05MM in from RI portion of $ASTH. New DIP budget has PMH running out of cash next week w/o additional $30MM draw. https://t.co/egEMa0TCSr As expected (from a week and a half ago mentioned here) similar to as w/"
X Link 2025-07-08T11:58Z [---] followers, [----] engagements
"3.1/x UPDATE Post-PHPH ZERO & MPT Priming Headline: MPT appears out of free liquidity again. It must raise equity NOW. Coming impairment puts MPT further offsides on 150% MUTA maintenance and 60% TLR incurrence. TLR means cannot issue new debt without equity. No $150MM cash in door just $2.3MM. Also $30MM immediate and $55MM future JMB DIP further primes MPT in BK waterfall. Must satisfy senior claims either through taking the hit through RE under a WholeCo sale and/or paying claims out of MPT cash if credit bid. Re-leasing CA would require add'l WC loan funding to new operator. Funding"
X Link 2025-07-10T15:02Z [---] followers, [----] engagements
"Note: the below 👇 excludes future WC loans to former ML1 and now seemingly Prospect CA new "quality operator." Also excludes future cash burn of which there is a shit ton and paying of add'l unaffordable MPT dividends. Enjoy the weekend frauds Providing more documents $MPW 3.1/x UPDATE Post-PHPH ZERO & MPT Priming Headline: MPT appears out of free liquidity again. It must raise equity NOW. Coming impairment puts MPT further offsides on 150% MUTA maintenance and 60% TLR incurrence. TLR means cannot issue new debt without equity. No $150MM cash https://t.co/IIUrtLkKrC 3.1/x UPDATE Post-PHPH"
X Link 2025-07-11T19:48Z [---] followers, [----] engagements
"MPT want to sell equity to you to try to fix this 👇 $MPW Remember when they told Steward fine Didnt loan them money Wadley was legit Wouldnt need to backstop Steward ABL Prospect resolved Prospect paid all its rent Steward operations improving We dont own Malta Steward wouldnt need to file MPT dividend covered Steward rent covered 2x Steward investment fully recoverable Steward + Prospect opco investments worth $1.3bn $355MM from Yale Prospect recovering $150MM from PHP Prospect BK going fine Windfall from PHP Just a taste of who you are dealing with 3.1/x UPDATE Post-PHPH ZERO & MPT Priming"
X Link 2025-07-13T17:15Z [---] followers, [---] engagements
"Good thing that Steve dba Matthew Hamner "Manager of Special Projects" and Senior Associate Larry Portal were on the case for Project Picasso out of the NYC office They were able to return .12% of MPT's gross investment in PMH before unpaid rent with that $2.3MM Speaking of unpaid rent + interest how much was there by the end of September [----] $40MM Then tack on another $35MM or so in Q4:22 $MPW Your daily reminder that MPT got ZEROED on its interest in PHPH. 99.7% loss vs. $700MM mark as of 31/12/23. "Validated." $MPW https://t.co/OsXVbwxOZh Your daily reminder that MPT got ZEROED on its"
X Link 2025-07-13T22:58Z [---] followers, [---] engagements
"MPT hasn't generated positive FCF as a purported "triple-net" REIT () in. checks notes. FOREVER. NEVER. Not a single quarter since at least [----]. Pre- during and post-Steward. Find another net lease landlord that does that You can't. $MPW Note: the below 👇 excludes future WC loans to former ML1 and now seemingly Prospect CA new "quality operator." Also excludes future cash burn of which there is a shit ton and paying of add'l unaffordable MPT dividends. Enjoy the weekend frauds Providing more documents https://t.co/xMshMOctRB Note: the below 👇 excludes future WC loans to former ML1 and"
X Link 2025-07-14T23:35Z [---] followers, [---] engagements
"Your daily reminder that MPT was ZEROED on its interest in PHPH. 60% loss already on the $1.8BN gross investment in PMH excl unpaid rent and interest. No $150MM cash coming in Q3. Further $130MM impairment. DISASTER. $MPW Your daily reminder that MPT got ZEROED on its interest in PHPH. 99.7% loss vs. $700MM mark as of 31/12/23. "Validated." $MPW https://t.co/OsXVbwxOZh Your daily reminder that MPT got ZEROED on its interest in PHPH. 99.7% loss vs. $700MM mark as of 31/12/23. "Validated." $MPW https://t.co/OsXVbwxOZh"
X Link 2025-07-15T11:53Z [---] followers, [----] engagements
"Every dollar you give MPT you get [--] cents back AT BEST. Mathematically. And then they try to outsmart investors with fraud and wind up being too smart by half. And PHPH is a ZERO. $MPW Your daily reminder that MPT was ZEROED on its interest in PHPH. 60% loss already on the $1.8BN gross investment in PMH excl unpaid rent and interest. No $150MM cash coming in Q3. Further $130MM impairment. DISASTER. $MPW Your daily reminder that MPT was ZEROED on its interest in PHPH. 60% loss already on the $1.8BN gross investment in PMH excl unpaid rent and interest. No $150MM cash coming in Q3. Further"
X Link 2025-07-15T19:30Z [---] followers, [---] engagements
"5.7/x "HSA fka AHS Never heard of them We wish them well" Unfortunately for MPT Bear Creek has heard of them. And just exercised its security interest in the $40MM HSA settled for w/ Steward Originally setup so that payment made right after year end as well. Let's watch that MPW WC loan balance out to HSA/AHS. $MPW"
X Link 2025-07-17T19:06Z [---] followers, [----] engagements
"Just to be clear HSA (fka AHS who are they) an 8% MPT has defaulted and continues to put up addl events of default under its only know payday lending relationship outside of MPT. After just three quarters Resolved $MPW 5.7/x "HSA fka AHS Never heard of them We wish them well" Unfortunately for MPT Bear Creek has heard of them. And just exercised its security interest in the $40MM HSA settled for w/ Steward Originally setup so that payment made right after year end as well. Let's watch https://t.co/EHYeS60VyQ 5.7/x "HSA fka AHS Never heard of them We wish them well" Unfortunately for MPT Bear"
X Link 2025-07-17T22:34Z [---] followers, [----] engagements
"7.1/x On rent days there would be this intense flurry where MPT executives were monitoring which tenants were paying and which werent and if they werent paying did they need a loan and when the metrics were not good theyd say 0h Ed (Aldag) and Steve (Hamner) will just take care of it. This is an accounting FRAUD. And a massive theft. $MPW https://revealnews.org/podcast/medical-properties-trust-steward-health-hospitals-private-equity/ https://revealnews.org/podcast/medical-properties-trust-steward-health-hospitals-private-equity/"
X Link 2025-07-19T14:04Z [---] followers, [----] engagements
"Weekends are bad for frauds. Addl evidence MPT is a huge criminal conspiracy run by a bunch of wanna-be gangsters from @reveal @MotherJones . And then lets not forget top-5 quality operator replacement ML1 tenant HSA (never heard of them) currently in default. $MPW @viceroyresearch @AIMhonesty 5.7/x "HSA fka AHS Never heard of them We wish them well" Unfortunately for MPT Bear Creek has heard of them. And just exercised its security interest in the $40MM HSA settled for w/ Steward Originally setup so that payment made right after year end as well. Let's watch https://t.co/EHYeS60VyQ 5.7/x"
X Link 2025-07-19T21:08Z [---] followers, [---] engagements
"How much you want to bet that Aldag made up that origin story about the stock exchange Wouldnt be the first time he made shit up. Both before and during MPT. Remember all the bad is behind Steward Maybe he should go with the REAL MPT origin story for once and see if investors give him the time of day. How he embezzled money from Guilford got caught by the patron and his mentor/father figure whom he betrayed almost was prosecuted and wormed his way out of Guilford and Montgomery in total disgrace. It was a valuable first lesson in fraud. And the only next act was to play in a market that no"
X Link 2025-07-21T13:22Z [---] followers, [----] engagements
"5.10/x MPT insists on calling unsecured loans secured. Why HSA is in default on the Bear Creek loan. MPTs [----] 10-K claims the MPT working capital loan to HSA is secured by accounts receivable. Bear Creek just confirmed its not secured rather unsecured and subordinated. HSA is MPTs third-largest tenant. This isnt a typo its a material misstatement. And yes thats securities fraud. Again. @SECGov @SEC_Enforcement This isnt an isolated case. In Q2:23 Aldag called a $140MM ABL participation secured and pari with the ABL lenders. But $40MM of that was actually the Tranche [--] unsecured loan per the"
X Link 2025-07-21T19:50Z [---] followers, [----] engagements
"8/x Is MPT being investigated by the SEC Thanks to a multi-year MPT-dedicated paid tout who is routinely wrong about practically every major issue (thereby damaging/defrauding retail who think it is legitimate) we know FOIA for correspondence between MPT/SEC DENIED based on b7a exemption. b7a is a "law enforcement exemption" whereby release of info "could reasonably be expected to interfere with enforcement proceedings." Whether or not this tout is a real person and doxed self or is just another fictitious/stolen personality in the realm of "Kevin Toner" is another irrelevant issue. Whoever"
X Link 2025-07-23T11:45Z [---] followers, [----] engagements
""MPT was here." $MPW "The strength of our underwriting. VALIDATED" $200MM paid by MPT in [----] for the real estate of Taylor and DCMH of Crozer. Now ". confirmed that DCMH and Taylor are not valuable estate assets." Gross combined offers of $2MM -$25.5MM net of obligations. So a 99% decline in gross value. Do you see it yet"
X Link 2025-07-26T13:27Z [---] followers, [----] engagements
"MPTs consolidated net debt was 8.9BN last quarter. Its now 9.3BN WITHOUT having paid any secured bond interest in the quarter (just under 100MM accrued went out July 15). If MPT is growing delevering stabilized whatever. Then why is its net debt going up that much $MPW If MPT is delevering and cash flow is improving then why does their net debt keep going up each Q Which obviously adjusts for FX. While theyre window dressing their covs $MPW If MPT is delevering and cash flow is improving then why does their net debt keep going up each Q Which obviously adjusts for FX. While theyre window"
X Link 2025-07-31T14:47Z [---] followers, [---] engagements
"Here is the CFO of a supposed "triple net REIT" which is levered 15-16x cash EBITDA yet supposedly "on firmer ground" admitting on an earnings call that MPT is using its secured RCF to avoid an unsecured bond covenant default. Let that sink in for a second. $MPW Now that Steve Hamner admitted MPT is window-dressing its MUTA covenant w/ the secured RCF even after impairing PHP (which was the nonsensical excuse last quarter) we can finally stop arguing whether RE impairments matter (they do the co just said so and notice MUTA exactly = https://t.co/MjwbXj9DNm Now that Steve Hamner admitted MPT"
X Link 2025-07-31T20:50Z [---] followers, [----] engagements
"For something as messy and disgustingly complex as MPT sometimes it helps to zoom out and simplify things. MPT pretends to be a triple net REIT. Triple nets are literally the simplest of REITs. They should have no/minimal opex and no CAPX which are obligations of the tenants. Just rent checks in interest + overhead + dividends out. Simple. MPT would like you to believe it earned $81MM via NFFO in Q2:25 or $40MM after excluding non-cash SLR. Yet its consolidated net debt increased $350MM q/q Someone please explain that. Have the company explain it Thats not all devlpt. Theyve never been able"
X Link 2025-08-01T12:22Z [---] followers, [---] engagements
"It is very easy to see what MPT is likely doing here to try to muddy the waters (starting from Q2 forward): - most likely accepting CT is a zero to them which is $135MM on the balance sheet - throwing $110MM more junior DIP into the bonfire thats very hard to see them getting any recovery on given uses to repay JMB + admin and all the remaining cash burn - funded another $13.5MM original junior DIP in July - $60MM seismic funding to insolvent HSA shell (wait who are they again) and who knows if MPT get any of that back and then - self-funding a new lease (terms undisclosed of course) on CA to"
X Link 2025-08-06T04:03Z [---] followers, [----] engagements
"Absolute disaster so bad that MPT had no choice but to combine the corpses of Steward w/ Prospect into a new insolent entity. $MPW @BigRiverCapita1 It is very easy to see what MPT is likely doing here to try to muddy the waters (starting from Q2 forward): - most likely accepting CT is a zero to them which is $135MM on the balance sheet - throwing $110MM more junior DIP into the bonfire thats very hard to see them https://t.co/6mof8I6h9K @BigRiverCapita1 It is very easy to see what MPT is likely doing here to try to muddy the waters (starting from Q2 forward): - most likely accepting CT is a"
X Link 2025-08-06T14:00Z [---] followers, [---] engagements
"MPT continued to burn cash in Q2:25 including via capitalizing perhaps $19MM tenant opex as a "triple-net landlord" and then impairing (fraud). Last quarter was $15MM run through MPT's own working capital. MPT also very clearly spent "CAPX" in the quarter netting asset sales (aircraft sale) against the outflow to show a positive number. MPT did same thing a year ago in Q2:24. Did Hamner lose his jet Sad. We conservatively use $20MM for estimated CAPX in the quarter but it is very likely more. CAPX has been $200MM/yr.+ since pre-Steward. There is no dividend coverage and annual cash burn is"
X Link 2025-08-10T11:43Z [---] followers, [----] engagements
"Yes indeed Shamner lost his jet. Sad. Based at Sugar Land This is just another way that MPT hides "CAPX" spend. they net "corporate asset" sales against it How many times did "Daniel Yet" also from Sugar Land get a ride $MPW"
X Link 2025-08-11T10:51Z [---] followers, [---] engagements
"Cash burn and much less free liquidity than they claim. As we have said. Now the equity gets whittled down to nothing. $MPW MPT continued to burn cash in Q2:25 including via capitalizing perhaps $19MM tenant opex as a "triple-net landlord" and then impairing (fraud). Last quarter was $15MM run through MPT's own working capital. MPT also very clearly spent "CAPX" in the quarter netting asset sales https://t.co/76v5IJd5dz MPT continued to burn cash in Q2:25 including via capitalizing perhaps $19MM tenant opex as a "triple-net landlord" and then impairing (fraud). Last quarter was $15MM run"
X Link 2025-08-11T21:40Z [---] followers, [----] engagements
"Like we said MPT told the new secured bondholders they were going to dilute the equity. They just didnt tell you Par for the course. $MPW"
X Link 2025-08-11T22:09Z [---] followers, [----] engagements
"Whats another phrase to describe a cash burning company that effectively issues common equity to fund the common dividend while also staying current on senior claims for as long as possible Cash is fungible $MPW"
X Link 2025-08-15T13:37Z [---] followers, [---] engagements
"MPT Q2:25 Earnings Review Summary: $MPT is a "zombie REIT" at this point. Massive cash burn continues MPT has far less "free" liquidity than it claims it MUST raise equity questionable accounting continues and the stock is http://x.com/i/article/1957800999378182144 http://x.com/i/article/1957800999378182144"
X Link 2025-08-19T14:51Z [---] followers, [----] engagements
"The math dictates just $710MM of free liquidity as of Q2:25 as can be seen below. But that is not all If one nets the known cash obligations before additional cash burn (which we define as OCF less tenant investments less common dividends) the figure is actually closer to just $140MM That is not enough liquidity to run this cash-incinerating business. More to be added to our Q2:25 MPT review. $MPW https://t.co/wTfVcar9Mv https://t.co/wTfVcar9Mv"
X Link 2025-08-19T14:52Z [---] followers, [----] engagements
"MPT is very obviously going to declare a distribution from Infracore most likely in Q3 and try to record it to operating cash flow as a return on capital. They will do this bc Q3 OCF will be HORRIBLE burdened by all the secured bond interest. But this is not core cash flow from ops. In fact it came from MPT itself by recent loans and equity infusions That would be called round tripping or a repayment of a loan. Alternatively they may try to net it against CAPX to hide the true underlying spend again. Q2:24 and Q2:25 both netted against aircraft sales Scammer now flying economy All a shell"
X Link 2025-08-21T11:58Z [---] followers, [---] engagements
"End of week (29/8/25) MPT valuation check in: $MPW - stock price implies an in-place 6.6% nominal cash cap rate w/o tenant investments / 1.1x GBV on the consolidated assets (excl. ML1 Vibra & PMH); so even after an 80% drawdown still trading above GBV of the assets despite numerous examples of inability to trade at MPT's marks - MPT's economics dictate no more than than 0.6-0.7x GBV and likely lower given the ongoing round-tripping / fake top-line "rents" and - At those levels the equity is worthless. It has no value just happens to have a price and a now $2.7BN equity mkt. cap"
X Link 2025-08-29T22:13Z [---] followers, [----] engagements
"MPT is NOT trading at a discount to BV. You cannot ignore leverage in a situation where a supposed triple-net REIT is levered 16x. $MPW That is also why equity multiples are entirely irrelevant. They compress under excessive leverage. In fact the stock price implies a premium to GBV for the consolidated assets (setting aside former ML1 PMH Vibra Pipeline etc.). When is the last time MPT sold a large asset at a premium to GBV without direct support or the uses of structuring/leverage or an option agreement (struck at MPT purchase) Even Healthscope didn't go for more than GBV. Operator BK's a"
X Link 2025-09-02T14:16Z [---] followers, [----] engagements
"Add this to the growing litany of MPT accounting irregularities. $MPW Prospect says MPT upsized the Foothill "mortgage loan" by $50MM in [----]. MPT says it upsized it by $100MM. These are their statements. These are their numbers. So where did the other $50MM go Recall annual PMH rent + interest owed back to MPT was $140MM/yr or $35MM/qtr at that time. We know that MPT had deferred $30MM before the end of September [----] and nothing was "paid" Q4:22. There is a credible case PMH paid near-zero rent + interest over [----]. All recorded to "NFFO" and "AFFO" (which cannot be engineered or"
X Link 2025-09-11T12:52Z [---] followers, [----] engagements
"A friend just brought up a good point - this press release is basically MPT admitting that it is going to take a 100% bath on Prospect CT after taking a 100% bath on its PA and PHP investments. $MPW After 3+ years of bullshit and billions of investment including another $60MM out the door to CA and likely WC loans pending to AHS/HSA/NOR. Yet its a positive No its a DISASTER. The "resolution" was to. lose a shitload of money and smash the carcasses of Steward and Prospect together @BigRiverCapita1 If the real estate is gone what is left to back the $135MM of CT real estate if only the DIP (and"
X Link 2025-09-29T14:13Z [---] followers, [----] engagements
"Looks like $13MM bid from UConn for the Waterbury WHOLECO $MPW MPT paid $230MM for just the Waterbury real estate in [----]. PMH paid $64MM for the real estate in [----]. Most of funds clearly earmarked for post-close renovation. NOT value to PMH/MPT Just another case of EGREGIOUS overpayment by MPT. Again. where is the cash coming from Link: https://www.nbcconnecticut.com/news/local/uconn-health-bids-buy-three-hospitals-patients-taxpayers/3644790/ https://www.nbcconnecticut.com/news/local/uconn-health-bids-buy-three-hospitals-patients-taxpayers/3644790/"
X Link 2025-10-03T17:25Z [---] followers, [----] engagements
"Sounds familiar Arm's length 3rd-party bids for the hospital enterprises/WholeCos consistently and materially below MPT's investment in just the real estate $MPW I.e. MPT fraudulently capitalized the WholeCo's initially inflating its own balance sheet to artificial and uneconomic levels to juice exec compensation and fake "earnings." MPT continues to lend on an unsecured basis to insolvent tenants (HSA/AHS/NOR Vibra Quorum others) to round-trip rents and support these deliberate and fraudulent marks"
X Link 2025-10-05T10:30Z [---] followers, [---] engagements
""MPT was here." $MPW The "Stop Medical Profiteering and Theft (MPT) Act." Link: Link: https://www.markey.senate.gov/news/press-releases/markey-sanders-blumenthal-introduce-legislation-to-protect-health-systems-from-predatory-real-estate-investment-trust-deals https://www.markey.senate.gov/imo/media/doc/stop_mpt_act_2025.pdf https://www.markey.senate.gov/news/press-releases/markey-sanders-blumenthal-introduce-legislation-to-protect-health-systems-from-predatory-real-estate-investment-trust-deals https://www.markey.senate.gov/imo/media/doc/stop_mpt_act_2025.pdf"
X Link 2025-10-08T18:46Z [---] followers, [----] engagements
"Update: $13MM gross for the CCMC and Springfield WholeCos. $MPW MPT with its crack underwriting process (Aldag/Hamner walking down to the acquisitions department and saying "we are paying x for these make up some numbers to make them work." so that they can hit comp targets) paid $220MM for just the real estate of these two hospitals in [----]. So essentially a 100% loss versus what MPT underwrote and paid. Which is unheard of and near impossible to do in triple-net. A 100% loss on $421MM invested in PA. This isn't incompetence. This was deliberate overpayment to inflate earnings and the"
X Link 2025-10-14T11:11Z [---] followers, [----] engagements
"MPT's business model and very existence are predicated on keeping investors analysts and regulators in the dark. $MPW So here is a breakdown of what consolidated assets are secured and which remain unencumbered. Bc MPT will most assuredly lie about and obfuscate this. Keep in mind that MPT routinely takes 50%+ losses versus their gross investment whenever the assets come to market to arm's length 3rd-party buyers. Summary: - The most easily saleable larger consolidated assets (still not easily sold def not at MPT's marks) get swept first to the $4BN+ of secured debt - What is left"
X Link 2025-10-17T11:56Z [---] followers, [----] engagements
"And what do you know Already seeing the first blow-up ongoing in the secured pool #2 $MPW Didn't take long. Bonds were issued what. [--] months ago ScionHealth bonds trading [--]. Represents $400MM of the $6BN GBV collateral (at MPT's inflated marks) against $4BN secured debt"
X Link 2025-10-18T10:25Z [---] followers, [---] engagements
"Here is a list of all the MPT entities with 1Ls on them. $MPW"
X Link 2025-10-21T18:20Z [---] followers, [---] engagements
""MPT was here." $MPW This is what a delusional fraudulent criminal looks like. His name is Ed Aldag CEO of MPT. He knew full well Steward (and Prospect) had failed and was continuing to devise ways to send them money. But couldn't take being challenged so lashed out when he knew he had no hand to play. "I could lose everything." - Ed Aldag July [----] But then continued to lie to everyone externally about the status of the tenant(s)"
X Link 2025-10-22T14:18Z [---] followers, [----] engagements
"There is so much here. Aldag's masterclass in gaslighting continues and will never stop. $MPW Let's break it down Link: https://www.medicalpropertiestrust.com/reaffirming-our-business-model https://www.medicalpropertiestrust.com/reaffirming-our-business-model"
X Link 2025-10-29T10:45Z [---] followers, 25.2K engagements
"Here is MPT in a simple nutshell. Narrative (the dividend is covered/sustainable) vs. Reality (it's not). $MPW $70MM of YTD OCF boosted by only God knows what "other asset" benefits (notice the swing). Versus $145MM of YTD dividends And (again) hundreds of millions of tenants loans/"CAPX"/advances "in the middle." It's structural cash burn. Why is it that no other triple-net lease REIT makes such large "investments" in its tenants particularly the OpCo loans without any evidence of a return Or giving tenants 4+ years to actually spend on capital Is it "financing" or "CAPX" And then they lie"
X Link 2025-11-08T15:07Z [---] followers, [----] engagements
"One week ago Sat. 1/11 to be exact Aldag/Hamner said "we need to rebut this" as critics rightly callout their BS. $MPW Now the EXACT same touts who threatened and menaced critics' families with physical violence are spewing those "storytelling" talking points. It would be impossible for one company to look and act any more guilty. And leave a paper trail to follow. And we haven't even gotten into the actual receipts yet They're basically asking people to "please sue us." They'll get their wish"
X Link 2025-11-08T18:26Z [---] followers, [---] engagements
"How is it possible that MPT and the auditors blessed a write-up of the Prospect CT real estate in Q2 over Q1 $MPW Only to be impaired back DOWN again this quarter Knowing full well what the bids would be as early as May [----] and that MPT had taken over the DIP by repaying JMB in July [----] Did they just ignore the waterfall There was no mathematical possibility that $138MM in cash could flow to satisfy this CT real estate claim given the funded $105MM MPT DIP + $50MM+ of accrued adequate protection + $50MM TL roll-up standing in front. On top of fees expenses and taxes. Seemingly ANOTHER"
X Link 2025-11-10T14:31Z [---] followers, [---] engagements
"This is the RE worlds version of vendor financing or channel stuffing. $MPW For all those fascinated with the circularity in tech rn. Its endemic in MPTs business model since inception. Find low-credit tenant often with insolvent shell OpCo (see NOR) finance losses at OpCo w/ loans/advances from MPT OpCo signs lease with MPT at unaffordable rates MPT records rent creates illusion of profitability at MPT allows MPT for a time to raise capital to keep going and mgmt to extract $$ But is CF-negative as we continue to see. MPT really a sponsor trying to keep any residual between rent and loans"
X Link 2025-11-14T10:59Z [---] followers, [---] engagements
"MPT has never directly or indirectly engaged with its critics. $MPW Yet Babin would discuss wanting to post and respond directly with mgmt. And MPTs mgmt would spend company resources to get daily updates on social media activity around the cashtag. Got it"
X Link 2025-11-14T21:04Z [---] followers, [---] engagements
"". Needed to close by May 10" or Steward would be out of cash and not pay May [----] rent. $MPW MPT closed "international JV" portion by May [--] which poured $200MM directly into Steward. MPT then "touted" 96% of May rent paid End of story. Rent round-tripping and fraud. All "earnings" completely fake. @SECGov @SEC_Enforcement @DOJCrimDiv The result rather than a natural restructuring of the leases to what was affordable and sustainable was the complete demolition (not saving) of the largest private hospital system in the U.S"
X Link 2025-12-02T16:13Z [---] followers, [----] engagements
"FFO "NFFO" and "AFFO" are useless metrics for MPT specifically if all or 100% of it is funded from MPT itself via below-the-line loans and "capex" to insolvent tenants. $MPW And that's exactly what has happened. "Short-term" working capital loans of $130MM + $40MM to cover tenant opex is $165MM of YTD "AFFO" as MPT used to report it (excludes "capex;" "AFFO" metric removed from MPT reporting entirely after exposed for being massively non-cash). The earnings are not there. They are being manipulated and engineered. Same thing happened in [----] with Project Easter. Those "earnings" would not"
X Link 2026-01-11T21:58Z [---] followers, [----] engagements
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