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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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Rent billed $ 183,764 $ 247,491 $ 383,063 $ 495,648
Straight-line rent 38,381 (39,329) 83,117 17,364
Income from financing leases 27,641 68,468 44,034 81,663
Interest and other income 16,774 60,765 27,662 92,931
Total revenues 266,560 337,395 537,876 687,606
Expenses        
Interest 101,430 104,470 210,115 202,124
Real estate depreciation and amortization 102,240 364,403 177,826 448,263
Property-related 7,663 24,676 12,481 31,786
General and administrative 35,327 35,604 68,675 77,328
Total expenses 246,660 529,153 469,097 759,501
Other (expense) income        
Gain on sale of real estate 384,824 167 383,401 229
Real estate and other impairment charges, net (137,419) 0 (830,507) (89,538)
(Loss) earnings from equity interests (401,757) 12,224 (391,208) 23,576
Debt refinancing and unutilized financing costs (2,964) (816) (2,964) (816)
Other (including fair value adjustments on securities) (167,686) (10,512) (397,031) (15,678)
Total other (expense) income (325,002) 1,063 (1,238,309) (82,227)
Loss before income tax (305,102) (190,695) (1,169,530) (154,122)
Income tax (expense) benefit (14,557) 148,262 (25,506) 144,719
Net loss (319,659) (42,433) (1,195,036) (9,403)
Net (income) loss attributable to non-controlling interests (976) 396 (1,224) 160
Net loss attributable to MPT common stockholders $ (320,635) $ (42,037) $ (1,196,260) $ (9,243)
Earnings per common share (units) basic        
Net loss attributable to MPT common stockholders (Operating Partnership partners), basic $ (0.54) $ (0.07) $ (1.99) $ (0.02)
Earnings per common share (units) diluted        
Net loss attributable to MPT common stockholders (Operating Partnership partners), diluted $ (0.54) $ (0.07) $ (1.99) $ (0.02)
Weighted average shares (units) outstanding basic 600,057 598,344 600,181 598,323
Weighted average shares (units) outstanding diluted 600,057 598,344 600,181 598,323
Dividends declared per common share (unit) $ 0.3 $ 0.29 $ 0.3 $ 0.58
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 183,764 $ 247,491 $ 383,063 $ 495,648
Straight-line rent 38,381 (39,329) 83,117 17,364
Income from financing leases 27,641 68,468 44,034 81,663
Interest and other income 16,774 60,765 27,662 92,931
Total revenues 266,560 337,395 537,876 687,606
Expenses        
Interest 101,430 104,470 210,115 202,124
Real estate depreciation and amortization 102,240 364,403 177,826 448,263
Property-related 7,663 24,676 12,481 31,786
General and administrative 35,327 35,604 68,675 77,328
Total expenses 246,660 529,153 469,097 759,501
Other (expense) income        
Gain on sale of real estate 384,824 167 383,401 229
Real estate and other impairment charges, net (137,419) 0 (830,507) (89,538)
(Loss) earnings from equity interests (401,757) 12,224 (391,208) 23,576
Debt refinancing and unutilized financing costs (2,964) (816) (2,964) (816)
Other (including fair value adjustments on securities) (167,686) (10,512) (397,031) (15,678)
Total other (expense) income (325,002) 1,063 (1,238,309) (82,227)
Loss before income tax (305,102) (190,695) (1,169,530) (154,122)
Income tax (expense) benefit (14,557) 148,262 (25,506) 144,719
Net loss (319,659) (42,433) (1,195,036) (9,403)
Net (income) loss attributable to non-controlling interests (976) 396 (1,224) 160
Net loss attributable to MPT common stockholders $ (320,635) $ (42,037) $ (1,196,260) $ (9,243)
Earnings per common share (units) basic        
Net loss attributable to MPT common stockholders (Operating Partnership partners), basic $ (0.54) $ (0.07) $ (1.99) $ (0.02)
Earnings per common share (units) diluted        
Net loss attributable to MPT common stockholders (Operating Partnership partners), diluted $ (0.54) $ (0.07) $ (1.99) $ (0.02)
Weighted average shares (units) outstanding basic 600,057 598,344 600,181 598,323
Weighted average shares (units) outstanding diluted 600,057 598,344 600,181 598,323
Dividends declared per common share (unit) $ 0.3 $ 0.29 $ 0.3 $ 0.58