Customer Concentration Risk was Medical Properties Trust’s largest revenue line in fiscal 2025, bringing in $170.94M of $276.92M (62%).
| Concentration Risk By Type | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Customer Concentration Risk | $146.78M | $116.62M | $157.26M | $170.94M |
| Operator Concentration Risk | — | $107.56M | — | $105.99M |
| Geographic Concentration | $129.37M | — | $73.88M | — |
| Total | $276.15M | $224.18M | $231.14M | $276.92M |
Medical Properties Trust brought in $276.92M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. Medical Properties Trust regrouped these revenue lines after fiscal 2024, so the total does not compare directly with that year's $231.14M. Customer Concentration Risk was the largest at $170.94M (61.7%), ahead of Operator Concentration Risk at $105.99M (38.3%).
Medical Properties Trust began breaking out Operator Concentration Risk in fiscal 2023, when it brought in $107.56M. Medical Properties Trust stopped reporting Geographic Concentration as a separate revenue line after fiscal 2024, when it brought in $73.88M.
Behavioral Health Facilities was Medical Properties Trust’s largest revenue line in fiscal 2025, bringing in $214.44M of $222.42M (96%).
| Major Property Class | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Behavioral Health Facilities | $204.42M | — | $209.67M | $214.44M |
| Post Acute Care Facilities | — | $92.79M | — | — |
| Freestanding E R Urgent Care Facilities | $24.42M | $23.83M | $17.40M | $7.98M |
| Total | $228.84M | $116.62M | $227.07M | $222.42M |
Medical Properties Trust brought in $222.42M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $276.92M it reports by concentration risk by type, so these revenue lines do not cover all of its revenue. Behavioral Health Facilities was the largest at $214.44M (96.4%), ahead of Freestanding E R Urgent Care Facilities at $7.98M (3.6%).
Compared with fiscal 2024, Behavioral Health Facilities grew 2.3% to $214.44M, while Freestanding E R Urgent Care Facilities fell 54.1% to $7.98M.
Medical Properties Trust stopped reporting Post Acute Care Facilities as a separate revenue line after fiscal 2023, when it brought in $92.79M.
Circle was Medical Properties Trust’s largest revenue line in fiscal 2024, bringing in $205.58M of $307.26M (67%).
| Concentration Risk Type | FY 2023 | FY 2024 |
|---|---|---|
| Circle | $194.39M | $205.58M |
| Priory Group | — | $101.68M |
| Total | $194.39M | $307.26M |
Medical Properties Trust brought in $307.26M from its two revenue lines in fiscal 2024, the year ended December 31, 2024. Medical Properties Trust regrouped these revenue lines after fiscal 2023, so the total does not compare directly with that year's $194.39M. Circle was the largest at $205.58M (66.9%), ahead of Priory Group at $101.68M (33.1%).
Medical Properties Trust began breaking out Priory Group in fiscal 2024, when it brought in $101.68M.
Medical Properties Trust (MPT) reports its revenue by concentration risk by type, by major property class and by concentration risk type. In fiscal 2025, Customer Concentration Risk was its largest revenue line, bringing in $170.94M (61.7% of the total), followed by Operator Concentration Risk at $105.99M (38.3%).
Customer Concentration Risk was Medical Properties Trust's largest revenue line in fiscal 2025, bringing in $170.94M, or 61.7% of the $276.92M total across its two revenue lines.
Behavioral Health Facilities grew faster than Freestanding E R Urgent Care Facilities in fiscal 2025, up 2.3% from $209.67M to $214.44M. Freestanding E R Urgent Care Facilities fell 54.1% to $7.98M.
Every figure comes from Medical Properties Trust's annual financial filings, as reported. Each line keeps the name Medical Properties Trust gives it, and years follow its fiscal calendar.
Medical Properties Trust's revenue by concentration risk by type goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.