Medical Properties Trust, a Birmingham, Ala.-based real estate investment trust, has priced an initial public offering of over 12 million shares of its common stock at $10.50 per share. The company will be listed on the New York Stock Exchange under the symbol MPW. The offering is expected to close on July 13, 2005. Friedman, Billings, Ramsey & Co. Inc. served as book-running manager and J.P. Morgan Securities Inc. served as co-lead manager. Wachovia Capital Markets LLC and Stifel, Nicolaus & Co. Inc. served as co-managers. The underwriters have an option to purchase an additional 1.8 million shares to cover over-allotments. The company's website is http://www.medicalpropertiestrust.com.
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