XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Rent billed $ 229,306 $ 232,418 $ 724,954 $ 737,029
Straight-line rent 21,511 26,552 38,875 146,114
Income from financing leases 26,066 51,011 107,729 154,660
Interest and other income 29,693 42,358 122,624 124,562
Total revenues 306,576 352,339 994,182 1,162,365
Expenses        
Interest 106,709 88,076 308,833 266,989
Real estate depreciation and amortization 77,802 81,873 526,065 251,523
Property-related 6,483 8,265 38,269 37,998
General and administrative 38,110 37,319 115,438 117,601
Total expenses 229,104 215,533 988,605 674,111
Other income (expense)        
(Loss) gain on sale of real estate (20) 68,795 209 536,788
Real estate and other impairment (charges) recovery (3,750) 19,450 (93,288) 14,575
Earnings from equity interests 11,264 11,483 34,840 33,606
Debt refinancing and unutilized financing benefit (costs) 862 (17) 46 (9,452)
Other (including fair value adjustments on securities) 41,125 4,082 25,447 20,875
Total other income (expense) 49,481 103,793 (32,746) 596,392
Income (loss) before income tax 126,953 240,599 (27,169) 1,084,646
Income tax (expense) benefit (10,058) (18,579) 134,661 (40,615)
Net income 116,895 222,020 107,492 1,044,031
Net income attributable to non-controlling interests (185) (227) (25) (960)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 116,710 $ 221,793 $ 107,467 $ 1,043,071
Earnings per common share (units) basic        
Net income attributable to MPT common stockholders (Operating Partnership partners), basic $ 0.19 $ 0.37 $ 0.18 $ 1.74
Earnings per common share (units) diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners), diluted $ 0.19 $ 0.37 $ 0.18 $ 1.74
Weighted average shares (units) outstanding basic 598,444 598,980 598,363 598,828
Weighted average shares (units) outstanding diluted 598,553 599,339 598,406 599,099
Dividends declared per common share (unit) $ 0.15 $ 0.29 $ 0.73 $ 0.87
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 229,306 $ 232,418 $ 724,954 $ 737,029
Straight-line rent 21,511 26,552 38,875 146,114
Income from financing leases 26,066 51,011 107,729 154,660
Interest and other income 29,693 42,358 122,624 124,562
Total revenues 306,576 352,339 994,182 1,162,365
Expenses        
Interest 106,709 88,076 308,833 266,989
Real estate depreciation and amortization 77,802 81,873 526,065 251,523
Property-related 6,483 8,265 38,269 37,998
General and administrative 38,110 37,319 115,438 117,601
Total expenses 229,104 215,533 988,605 674,111
Other income (expense)        
(Loss) gain on sale of real estate (20) 68,795 209 536,788
Real estate and other impairment (charges) recovery (3,750) 19,450 (93,288) 14,575
Earnings from equity interests 11,264 11,483 34,840 33,606
Debt refinancing and unutilized financing benefit (costs) 862 (17) 46 (9,452)
Other (including fair value adjustments on securities) 41,125 4,082 25,447 20,875
Total other income (expense) 49,481 103,793 (32,746) 596,392
Income (loss) before income tax 126,953 240,599 (27,169) 1,084,646
Income tax (expense) benefit (10,058) (18,579) 134,661 (40,615)
Net income 116,895 222,020 107,492 1,044,031
Net income attributable to non-controlling interests (185) (227) (25) (960)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 116,710 $ 221,793 $ 107,467 $ 1,043,071
Earnings per common share (units) basic        
Net income attributable to MPT common stockholders (Operating Partnership partners), basic $ 0.19 $ 0.37 $ 0.18 $ 1.74
Earnings per common share (units) diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners), diluted $ 0.19 $ 0.37 $ 0.18 $ 1.74
Weighted average shares (units) outstanding basic 598,444 598,980 598,363 598,828
Weighted average shares (units) outstanding diluted 598,553 599,339 598,406 599,099
Dividends declared per common share (unit) $ 0.15 $ 0.29 $ 0.73 $ 0.87