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SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE

SCHEDULE IV — MORTGAGE LOANS ON REAL ESTATE

MEDICAL PROPERTIES TRUST, INC. AND MPT OPERATING PARTNERSHIP, L.P.

December 31, 2024

 

Column A

 

Column B

 

 

Column C

 

Column D

 

 

Column E

 

 

Column F

 

 

Column G(1)

 

 

 

Column H

 

Description

 

Interest
Rate

 

 

Final
Maturity
Date

 

Periodic Payment
Terms

 

 

Prior
Liens

 

 

Face
Amount of
Mortgages

 

 

Carrying
Amount of
Mortgages

 

 

 

Principal
Amount of
Loans
Subject to
Delinquent
Principal or
Interest

 

 

 

(Dollar amounts in thousands)

 

Long-term first mortgage loan:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Colombia(2)

 

 

11.61

%

 

2035

 

 

(4

)

 

 

(6

)

 

$

129,968

 

 

$

111,985

 

 

 

 

(8

)

Vibra

 

 

11.50

%

 

2026

 

 

(5

)

 

 

(6

)

 

 

7,986

 

 

 

7,927

 

 

 

 

(8

)

Prospect(3)

 

 

9.00

%

 

2028

 

 

(4

)

 

 

(6

)

 

 

155,223

 

 

 

—

 

 

 

 

(8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

293,177

 

 

$

119,912

 

 

(7

)

 

 

 

(1)
The aggregate cost for federal income tax purposes is $293.2 million.
(2)
Mortgage loans covering three properties.
(3)
Mortgage loans covering four properties.
(4)
Payable in monthly installments of interest plus principal payable in full at maturity.
(5)
Payable in monthly installments of principal and interest.
(6)
There were no prior liens on loans as of December 31, 2024.
(7)
Includes reserves/writedowns of approximately $18 million for Colombia and $155 million for Prospect in 2024. The Vibra loan includes a credit loss reserve of approximately $0.1 million.
(8)
Mortgage loans were not delinquent with respect to principal or interest, except for interest payments on the Colombia loan.

Changes in mortgage loans (excluding allowance for credit loss) for the years ended December 31, 2024, 2023, and 2022 are summarized as follows:

 

 

 

Year Ended December 31,

 

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

(Dollar amounts in thousands)

 

 

Balance at beginning of year

 

$

310,101

 

 

$

364,420

 

 

$

213,320

 

 

Additions during year:

 

 

 

 

 

 

 

 

 

 

New mortgage loans and additional advances
   on existing loans

 

 

100,824

 

 

 

155,223

 

 

 

177,924

 

 

Exchange rate fluctuations

 

 

(17,748

)

 

 

31,530

 

 

 

(15,824

)

 

 

 

 

393,177

 

 

 

551,173

 

 

 

375,420

 

 

Deductions during year:

 

 

 

 

 

 

 

 

 

 

Collection of principal

 

 

(100,000

)

 

 

(241,072

)

(9)

 

(11,000

)

 

Other

 

 

(173,265

)

(7)

 

—

 

 

 

—

 

 

 

 

 

(273,265

)

 

 

(241,072

)

 

 

(11,000

)

 

Balance at end of year

 

$

119,912

 

 

$

310,101

 

 

$

364,420

 

 
(9)
Includes a $151 million mortgage loan satisfied in exchange for non-controlling ownership interest in PHP Holdings as part of the Prospect Transaction in the second quarter of 2023 as more fully described in Note 3 to Item 8 of this Annual Report on Form 10-K.