American Stock Exchange May Delist Encino Firm

Medical Properties Inc. said it expects the American Stock Exchange to delist the company’s shares on or about July 1 because Medical Properties no longer meets some of the exchange’s listing requirements.

The Encino-based real estate investment trust said it couldn’t predict what effect the expected delisting would have on the market value of its common stock.

If its shares stop trading on the American Stock Exchange, they will trade only in the over-the-counter market.

The company said it no longer meets certain American Stock Exchange listing requirements primarily because of its losses over the past two years and the low market value of its common stock.

Its stockholders’ equity has also fallen below the exchange’s required minimum level.

For its fiscal year ended March 31, Medical Properties posted a $3.2-million net loss on revenue of $17.6 million.