12:55 PM EDT, 05/16/2024 (MT Newswires) -- Medical Properties Trust ( MPW ) said Thursday it received a noncompliance notice from the New York Stock Exchange for not meeting the timely filing criteria for continued listing on the exchange.

The company has six months from May 15 to regain compliance by filing the quarterly report with the US Securities and Exchange Commission, Medical Properties ( MPW ) added.

The company said the delay is due to its financial ties to Steward Health Care System, which filed a bankruptcy petition days before the quarterly report was due

The trust said it needs to perform additional review procedures and its accounting firm, PricewaterhouseCoopers, requires additional time to complete its interim review of the quarterly report.

Shares of the company were down more than 7% in recent trading.

Price: 5.03, Change: -0.39, Percent Change: -7.20