XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Rent billed $ 45,928 $ 31,024 $ 88,889 $ 62,528
Straight-line rent 3,178 2,777 5,366 5,468
Income from direct financing leases 12,263 9,230 24,479 17,986
Interest and fee income 15,191 14,093 30,915 28,755
Total revenues 76,560 57,124 149,649 114,737
Expenses        
Real estate depreciation and amortization 12,442 8,643 26,131 17,112
Impairment charges 29,631   50,128  
Property-related (38) 649 700 1,062
General and administrative 8,206 7,111 17,165 14,877
Acquisition expenses 2,535 2,088 3,047 2,278
Total operating expenses 52,776 18,491 97,171 35,329
Operating income 23,784 38,633 52,478 79,408
Other income (expense)        
Interest and other income (expense) 19 (22) (30) (248)
Earnings from equity and other interests 686 1,176 905 1,668
Interest income (expense) (24,362) (14,641) (45,974) (30,065)
Debt refinancing costs (290)   (290)  
Income tax benefit (expense) (40) (115) 16 (167)
Net other expense (23,987) (13,602) (45,373) (28,812)
Income (loss) from continuing operations (203) 25,031 7,105 50,596
Income (loss) from discontinued operations    2,374 (2) 3,018
Net income (loss) (203) 27,405 7,103 53,614
Net income (loss) attributable to non-controlling interests 0 (57) (65) (110)
Net income (loss) attributable to MPT common stockholders (203) 27,348 7,038 53,504
Earnings per common share / units - basic        
Income (loss) from continuing operations attributable to MPT common stockholders   $ 0.16 $ 0.04 $ 0.35
Income (loss) from discontinued operations attributable to MPT common stockholders   $ 0.02   $ 0.02
Net income (loss) attributable to MPT common stockholders   $ 0.18 $ 0.04 $ 0.37
Earnings per common share / units - diluted        
Income (loss) from continuing operations attributable to MPT common stockholders   $ 0.16 $ 0.04 $ 0.34
Income (loss) from discontinued operations attributable to MPT common stockholders    $ 0.02    $ 0.02
Net income (loss) attributable to MPT common stockholders   $ 0.18 $ 0.04 $ 0.36
Weighted average shares outstanding:        
Basic 171,718 149,509 167,846 144,928
Diluted 172,369 151,056 168,459 146,291
Dividends declared per common share / unit $ 0.21 $ 0.20 $ 0.42 $ 0.40
MPT Operating Partnership, L.P. [Member]
       
Revenues        
Rent billed 45,928 31,024 88,889 62,528
Straight-line rent 3,178 2,777 5,366 5,468
Income from direct financing leases 12,263 9,230 24,479 17,986
Interest and fee income 15,191 14,093 30,915 28,755
Total revenues 76,560 57,124 149,649 114,737
Expenses        
Real estate depreciation and amortization 12,442 8,643 26,131 17,112
Impairment charges 29,631   50,128  
Property-related (38) 649 700 1,062
General and administrative 8,206 7,111 17,165 14,877
Acquisition expenses 2,535 2,088 3,047 2,278
Total operating expenses 52,776 18,491 97,171 35,329
Operating income 23,784 38,633 52,478 79,408
Other income (expense)        
Interest and other income (expense) 19 (22) (30) (248)
Earnings from equity and other interests 686 1,176 905 1,668
Interest income (expense) (24,362) (14,641) (45,974) (30,065)
Debt refinancing costs (290)   (290)  
Income tax benefit (expense) (40) (115) 16 (167)
Net other expense (23,987) (13,602) (45,373) (28,812)
Income (loss) from continuing operations (203) 25,031 7,105 50,596
Income (loss) from discontinued operations   2,374 (2) 3,018
Net income (loss) (203) 27,405 7,103 53,614
Net income (loss) attributable to non-controlling interests   (57) (65) (110)
Net income (loss) attributable to MPT common stockholders $ (203) $ 27,348 $ 7,038 $ 53,504
Earnings per common share / units - basic        
Income (loss) from continuing operations attributable to MPT common stockholders   $ 0.16 $ 0.04 $ 0.35
Income (loss) from discontinued operations attributable to MPT common stockholders   $ 0.02   $ 0.02
Net income (loss) attributable to MPT common stockholders   $ 0.18 $ 0.04 $ 0.37
Earnings per common share / units - diluted        
Income (loss) from continuing operations attributable to MPT common stockholders   $ 0.16 $ 0.04 $ 0.34
Income (loss) from discontinued operations attributable to MPT common stockholders   $ 0.02   $ 0.02
Net income (loss) attributable to MPT common stockholders   $ 0.18 $ 0.04 $ 0.36
Weighted average shares outstanding:        
Basic 171,718 149,509 167,846 144,928
Diluted 172,369 151,056 168,459 146,291
Dividends declared per common share / unit $ 0.21 $ 0.20 $ 0.42 $ 0.40