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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, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Rent billed $ 118,238 $ 110,930 $ 369,076 $ 311,140
Straight-line rent 18,293 17,505 49,157 46,561
Income from direct financing leases 18,998 19,115 55,613 55,307
Interest and fee income 41,467 29,030 130,098 86,776
Total revenues 196,996 176,580 603,944 499,784
Expenses        
Interest 57,215 42,759 172,364 120,498
Real estate depreciation and amortization 29,949 31,915 100,217 88,994
Property-related 2,719 1,519 6,823 4,000
General and administrative 20,982 15,011 58,352 43,287
Acquisition costs 506 7,434 917 20,996
Total expenses 111,371 98,638 338,673 277,775
Other income (expense)        
Gain on sale of real estate and other, net 647,204 18 672,822 7,431
Debt refinancing costs   (4,414)   (18,794)
Other 5,711 3,865 6,245 8,999
Total other income (expense) 652,915 (531) 679,067 (2,364)
Income before income tax 738,540 77,411 944,338 219,645
Income tax expense (2,064) (530) (4,802) (783)
Net income 736,476 76,881 939,536 218,862
Net income attributable to non-controlling interests (442) (417) (1,334) (1,013)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 736,034 $ 76,464 $ 938,202 $ 217,849
Earnings per common share — basic        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 2.01 $ 0.21 $ 2.56 $ 0.63
Earnings per common share — diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 2.00 $ 0.21 $ 2.56 $ 0.63
Weighted average shares outstanding - basic 365,024 364,315 364,934 345,076
Weighted average shares outstanding - diluted 366,467 365,046 365,784 345,596
Dividends declared per common share $ 0.25 $ 0.24 $ 0.75 $ 0.72
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 118,238 $ 110,930 $ 369,076 $ 311,140
Straight-line rent 18,293 17,505 49,157 46,561
Income from direct financing leases 18,998 19,115 55,613 55,307
Interest and fee income 41,467 29,030 130,098 86,776
Total revenues 196,996 176,580 603,944 499,784
Expenses        
Interest 57,215 42,759 172,364 120,498
Real estate depreciation and amortization 29,949 31,915 100,217 88,994
Property-related 2,719 1,519 6,823 4,000
General and administrative 20,982 15,011 58,352 43,287
Acquisition costs 506 7,434 917 20,996
Total expenses 111,371 98,638 338,673 277,775
Other income (expense)        
Gain on sale of real estate and other, net 647,204 18 672,822 7,431
Debt refinancing costs   (4,414)   (18,794)
Other 5,711 3,865 6,245 8,999
Total other income (expense) 652,915 (531) 679,067 (2,364)
Income before income tax 738,540 77,411 944,338 219,645
Income tax expense (2,064) (530) (4,802) (783)
Net income 736,476 76,881 939,536 218,862
Net income attributable to non-controlling interests (442) (417) (1,334) (1,013)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 736,034 $ 76,464 $ 938,202 $ 217,849
Earnings per common share — basic        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 2.01 $ 0.21 $ 2.56 $ 0.63
Earnings per common share — diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 2.00 $ 0.21 $ 2.56 $ 0.63
Weighted average shares outstanding - basic 365,024 364,315 364,934 345,076
Weighted average shares outstanding - diluted 366,467 365,046 365,784 345,596
Dividends declared per common share $ 0.25 $ 0.24 $ 0.75 $ 0.72