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Condensed Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Rent billed $ 232,418 $ 242,211 $ 737,029 $ 672,425
Straight-line rent 26,552 64,637 146,114 174,975
Income from financing leases 51,011 50,667 154,660 151,898
Interest and other income 42,358 33,264 124,562 136,038
Total revenues 352,339 390,779 1,162,365 1,135,336
Expenses        
Interest 88,076 94,132 266,989 273,409
Real estate depreciation and amortization 81,873 85,039 251,523 237,050
Property-related 8,265 7,128 37,998 31,265
General and administrative 37,319 36,694 117,601 107,312
Total expenses 215,533 222,993 674,111 649,036
Other income (expense)        
Gain on sale of real estate and other, net 68,795 9,294 536,788 8,896
Earnings from equity interests 11,483 7,193 33,606 21,633
Debt refinancing and unutilized financing costs (17)   (9,452) (2,339)
Other (including fair value adjustments on securities) 23,532 (2,276) 35,450 4,747
Total other income 103,793 14,211 596,392 32,937
Income before income tax 240,599 181,997 1,084,646 519,237
Income tax expense (18,579) (10,602) (40,615) (69,141)
Net income 222,020 171,395 1,044,031 450,096
Net income attributable to non-controlling interests (227) (258) (960) (611)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 221,793 $ 171,137 $ 1,043,071 $ 449,485
Earnings per common share (units) basic        
Net income attributable to MPT common stockholders (Operating Partnership partners), basic $ 0.37 $ 0.29 $ 1.74 $ 0.76
Earnings per common share (units) diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners), diluted $ 0.37 $ 0.29 $ 1.74 $ 0.76
Weighted average shares (units) outstanding basic 598,980 595,119 598,828 586,291
Weighted average shares (units) outstanding diluted 599,339 597,320 599,099 587,971
Dividends declared per common share (unit) $ 0.29 $ 0.28 $ 0.87 $ 0.84
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 232,418 $ 242,211 $ 737,029 $ 672,425
Straight-line rent 26,552 64,637 146,114 174,975
Income from financing leases 51,011 50,667 154,660 151,898
Interest and other income 42,358 33,264 124,562 136,038
Total revenues 352,339 390,779 1,162,365 1,135,336
Expenses        
Interest 88,076 94,132 266,989 273,409
Real estate depreciation and amortization 81,873 85,039 251,523 237,050
Property-related 8,265 7,128 37,998 31,265
General and administrative 37,319 36,694 117,601 107,312
Total expenses 215,533 222,993 674,111 649,036
Other income (expense)        
Gain on sale of real estate and other, net 68,795 9,294 536,788 8,896
Earnings from equity interests 11,483 7,193 33,606 21,633
Debt refinancing and unutilized financing costs (17)   (9,452) (2,339)
Other (including fair value adjustments on securities) 23,532 (2,276) 35,450 4,747
Total other income 103,793 14,211 596,392 32,937
Income before income tax 240,599 181,997 1,084,646 519,237
Income tax expense (18,579) (10,602) (40,615) (69,141)
Net income 222,020 171,395 1,044,031 450,096
Net income attributable to non-controlling interests (227) (258) (960) (611)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 221,793 $ 171,137 $ 1,043,071 $ 449,485
Earnings per common share (units) basic        
Net income attributable to MPT common stockholders (Operating Partnership partners), basic $ 0.37 $ 0.29 $ 1.74 $ 0.76
Earnings per common share (units) diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners), diluted $ 0.37 $ 0.29 $ 1.74 $ 0.76
Weighted average shares (units) outstanding basic 598,980 595,119 598,828 586,291
Weighted average shares (units) outstanding diluted 599,339 597,320 599,099 587,971
Dividends declared per common share (unit) $ 0.29 $ 0.28 $ 0.87 $ 0.84