Medical Properties’ Loss Grows on Write-Down

Medical Properties Inc., an Encino real estate investment trust, said its third-quarter loss widened to $5.47 million from a loss of $759,000, mainly due to a $5-million write-down in the value of the company’s properties to reflect current values.

Revenue for the quarter ended Sept. 30 was $318,000, mostly from rental income. That was up from $181,000 from the third quarter a year earlier.

For the nine months ended Sept. 30, the company’s loss totaled $6.59 million, more than double the loss of $2.43 million a year earlier. Revenue totaled $905,000, up from $371,000 a year earlier.