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Condensed Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Rent billed $ 241,209 $ 216,870 $ 504,611 $ 430,214
Straight-line rent 58,518 55,465 119,562 110,338
Income from financing leases 51,873 50,337 103,649 101,231
Interest and other income 48,626 59,120 82,204 102,774
Total revenues 400,226 381,792 810,026 744,557
Expenses        
Interest 87,730 92,305 178,913 179,277
Real estate depreciation and amortization 84,334 76,369 169,650 152,011
Property-related 21,135 18,684 29,733 24,137
General and administrative 38,858 34,545 80,282 70,618
Total expenses 232,057 221,903 458,578 426,043
Other income (expense)        
Gain (loss) on sale of real estate and other, net 16,355 (1,387) 467,993 (398)
Earnings from equity interests 14,785 7,339 22,123 14,440
Debt refinancing and unutilized financing costs (619) (70) (9,435) (2,339)
Other (including fair value adjustments on securities) 2,031 (771) 11,918 7,023
Total other income 32,552 5,111 492,599 18,726
Income before income tax 200,721 165,000 844,047 337,240
Income tax expense (10,657) (50,179) (22,036) (58,539)
Net income 190,064 114,821 822,011 278,701
Net income attributable to non-controlling interests (467) (256) (733) (353)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 189,597 $ 114,565 $ 821,278 $ 278,348
Earnings per common share (units) basic        
Net income attributable to MPT common stockholders (Operating Partnership partners), basic $ 0.32 $ 0.19 $ 1.37 $ 0.48
Earnings per common share (units) diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners), diluted $ 0.32 $ 0.19 $ 1.37 $ 0.48
Weighted average shares (units) outstanding basic 598,827 587,514 598,751 581,877
Weighted average shares (units) outstanding diluted 599,026 589,053 598,979 583,297
Dividends declared per common share (unit) $ 0.29 $ 0.28 $ 0.58 $ 0.56
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 241,209 $ 216,870 $ 504,611 $ 430,214
Straight-line rent 58,518 55,465 119,562 110,338
Income from financing leases 51,873 50,337 103,649 101,231
Interest and other income 48,626 59,120 82,204 102,774
Total revenues 400,226 381,792 810,026 744,557
Expenses        
Interest 87,730 92,305 178,913 179,277
Real estate depreciation and amortization 84,334 76,369 169,650 152,011
Property-related 21,135 18,684 29,733 24,137
General and administrative 38,858 34,545 80,282 70,618
Total expenses 232,057 221,903 458,578 426,043
Other income (expense)        
Gain (loss) on sale of real estate and other, net 16,355 (1,387) 467,993 (398)
Earnings from equity interests 14,785 7,339 22,123 14,440
Debt refinancing and unutilized financing costs (619) (70) (9,435) (2,339)
Other (including fair value adjustments on securities) 2,031 (771) 11,918 7,023
Total other income 32,552 5,111 492,599 18,726
Income before income tax 200,721 165,000 844,047 337,240
Income tax expense (10,657) (50,179) (22,036) (58,539)
Net income 190,064 114,821 822,011 278,701
Net income attributable to non-controlling interests (467) (256) (733) (353)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 189,597 $ 114,565 $ 821,278 $ 278,348
Earnings per common share (units) basic        
Net income attributable to MPT common stockholders (Operating Partnership partners), basic $ 0.32 $ 0.19 $ 1.37 $ 0.48
Earnings per common share (units) diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners), diluted $ 0.32 $ 0.19 $ 1.37 $ 0.48
Weighted average shares (units) outstanding basic 598,827 587,514 598,751 581,877
Weighted average shares (units) outstanding diluted 599,026 589,053 598,979 583,297
Dividends declared per common share (unit) $ 0.29 $ 0.28 $ 0.58 $ 0.56