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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Rent billed $ 247,491 $ 241,209 $ 495,648 $ 504,611
Straight-line rent (39,329) 58,518 17,364 119,562
Income from financing leases 68,468 51,873 81,663 103,649
Interest and other income 60,765 48,626 92,931 82,204
Total revenues 337,395 400,226 687,606 810,026
Expenses        
Interest 104,470 87,730 202,124 178,913
Real estate depreciation and amortization 364,403 84,334 448,263 169,650
Property-related 24,676 21,135 31,786 29,733
General and administrative 35,604 38,858 77,328 80,282
Total expenses 529,153 232,057 759,501 458,578
Other income (expense)        
Gain on sale of real estate 167 16,355 229 467,993
Real estate and other impairment charges     (89,538) (4,875)
Earnings from equity interests 12,224 14,785 23,576 22,123
Debt refinancing and unutilized financing costs (816) (619) (816) (9,435)
Other (including fair value adjustments on securities) (10,512) 2,031 (15,678) 16,793
Total other income (expense) 1,063 32,552 (82,227) 492,599
(Loss) income before income tax (190,695) 200,721 (154,122) 844,047
Income tax benefit (expense) 148,262 (10,657) 144,719 (22,036)
Net (loss) income (42,433) 190,064 (9,403) 822,011
Net loss (income) attributable to non-controlling interests 396 (467) 160 (733)
Net (loss) income attributable to MPT common stockholders (Operating Partnership partners) $ (42,037) $ 189,597 $ (9,243) $ 821,278
Earnings per common share (units) basic        
Net (loss) income attributable to MPT common stockholders (Operating Partnership partners), basic $ (0.07) $ 0.32 $ (0.02) $ 1.37
Earnings per common share (units) diluted        
Net (loss) income attributable to MPT common stockholders (Operating Partnership partners), diluted $ (0.07) $ 0.32 $ (0.02) $ 1.37
Weighted average shares (units) outstanding basic 598,344 598,827 598,323 598,751
Weighted average shares (units) outstanding diluted 598,344 599,026 598,323 598,979
Dividends declared per common share (unit) $ 0.29 $ 0.29 $ 0.58 $ 0.58
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 247,491 $ 241,209 $ 495,648 $ 504,611
Straight-line rent (39,329) 58,518 17,364 119,562
Income from financing leases 68,468 51,873 81,663 103,649
Interest and other income 60,765 48,626 92,931 82,204
Total revenues 337,395 400,226 687,606 810,026
Expenses        
Interest 104,470 87,730 202,124 178,913
Real estate depreciation and amortization 364,403 84,334 448,263 169,650
Property-related 24,676 21,135 31,786 29,733
General and administrative 35,604 38,858 77,328 80,282
Total expenses 529,153 232,057 759,501 458,578
Other income (expense)        
Gain on sale of real estate 167 16,355 229 467,993
Real estate and other impairment charges     (89,538) (4,875)
Earnings from equity interests 12,224 14,785 23,576 22,123
Debt refinancing and unutilized financing costs (816) (619) (816) (9,435)
Other (including fair value adjustments on securities) (10,512) 2,031 (15,678) 16,793
Total other income (expense) 1,063 32,552 (82,227) 492,599
(Loss) income before income tax (190,695) 200,721 (154,122) 844,047
Income tax benefit (expense) 148,262 (10,657) 144,719 (22,036)
Net (loss) income (42,433) 190,064 (9,403) 822,011
Net loss (income) attributable to non-controlling interests 396 (467) 160 (733)
Net (loss) income attributable to MPT common stockholders (Operating Partnership partners) $ (42,037) $ 189,597 $ (9,243) $ 821,278
Earnings per common share (units) basic        
Net (loss) income attributable to MPT common stockholders (Operating Partnership partners), basic $ (0.07) $ 0.32 $ (0.02) $ 1.37
Earnings per common share (units) diluted        
Net (loss) income attributable to MPT common stockholders (Operating Partnership partners), diluted $ (0.07) $ 0.32 $ (0.02) $ 1.37
Weighted average shares (units) outstanding basic 598,344 598,827 598,323 598,751
Weighted average shares (units) outstanding diluted 598,344 599,026 598,323 598,979
Dividends declared per common share (unit) $ 0.29 $ 0.29 $ 0.58 $ 0.58