02:39 PM EDT, 05/13/2024 (MT Newswires) -- Medical Properties Trust ( MPW ) shares jumped over 14% in Monday trading after the company said that it expects to file its quarterly report on Form 10-Q for the period ended March 31 no later than May 15 against the prescribed due date of May 10.

The company said the delay was due to its investment in Steward Health Care System, which filed its bankruptcy petition only four days prior to the due date for the quarterly report. Its investments stood at about 18.5% of its total assets at March end.

The trust said it was required to perform additional procedures to review the measurement and timing of various impairments and its accounting firm, PricewaterhouseCoopers, needed additional time to complete its interim review.

Price: 5.49, Change: +0.71, Percent Change: +14.77