XML 74 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Real estate assets    
Land $ 192,551us-gaap_Land $ 154,858us-gaap_Land
Buildings and improvements 1,848,176us-gaap_BuildingsAndImprovementsGross 1,578,336us-gaap_BuildingsAndImprovementsGross
Construction in progress and other 23,163us-gaap_ConstructionInProgressGross 41,771us-gaap_ConstructionInProgressGross
Intangible lease assets 108,885mpw_IntangibleLeaseAssets 90,490mpw_IntangibleLeaseAssets
Net investment in direct financing leases 439,516us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases 431,024us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases
Mortgage loans 397,594us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet 388,756us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
Gross investment in real estate assets 3,009,885mpw_GrossInvestmentInRealEstateAssets 2,685,235mpw_GrossInvestmentInRealEstateAssets
Accumulated depreciation (181,441)us-gaap_RealEstateAccumulatedDepreciation (144,235)us-gaap_RealEstateAccumulatedDepreciation
Accumulated amortization (21,186)mpw_RealEstateAssetsAccumulatedAmortization (15,541)mpw_RealEstateAssetsAccumulatedAmortization
Net investment in real estate assets 2,807,258mpw_NetInvestmentInRealEstateAssets 2,525,459mpw_NetInvestmentInRealEstateAssets
Cash and cash equivalents 144,541us-gaap_CashAndCashEquivalentsAtCarryingValue 45,979us-gaap_CashAndCashEquivalentsAtCarryingValue
Interest and rent receivables 41,137mpw_InterestAndRentReceivable 58,565mpw_InterestAndRentReceivable
Straight-line rent receivables 59,128mpw_StraightLineRentReceivable 45,829mpw_StraightLineRentReceivable
Other loans 573,167mpw_OtherLoans 160,990mpw_OtherLoans
Other assets 122,105us-gaap_OtherAssets 67,873us-gaap_OtherAssets
Total Assets 3,747,336us-gaap_Assets 2,904,695us-gaap_Assets
Liabilities    
Debt, net 2,201,654us-gaap_DebtInstrumentCarryingAmount 1,421,681us-gaap_DebtInstrumentCarryingAmount
Accounts payable and accrued expenses 112,623us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 94,290us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Deferred revenue 27,207us-gaap_DeferredRevenue 24,114us-gaap_DeferredRevenue
Lease deposits and other obligations to tenants 23,805mpw_LeaseDepositsAndOtherObligationsToTenants 20,402mpw_LeaseDepositsAndOtherObligationsToTenants
Total liabilities 2,365,289us-gaap_Liabilities 1,560,487us-gaap_Liabilities
Commitments and Contingencies      
Equity / Capital    
Preferred stock, $0.001 par value. Authorized 10,000 shares; no shares outstanding      
Common stock, $0.001 par value. Authorized 250,000 shares; issued and outstanding - 172,743 shares at December 31, 2014 and 161,310 shares at December 31, 2013 172us-gaap_CommonStockValue 161us-gaap_CommonStockValue
Limited Partners:    
Additional paid-in capital 1,765,381us-gaap_AdditionalPaidInCapital 1,618,054us-gaap_AdditionalPaidInCapital
Distributions in excess of net income (361,330)us-gaap_RetainedEarningsAccumulatedDeficit (264,804)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (21,914)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (8,941)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury shares, at cost (262)us-gaap_TreasuryStockValue (262)us-gaap_TreasuryStockValue
Total Equity / Capital 1,382,047us-gaap_StockholdersEquity 1,344,208us-gaap_StockholdersEquity
Total Liabilities and Equity / Capital 3,747,336us-gaap_LiabilitiesAndStockholdersEquity 2,904,695us-gaap_LiabilitiesAndStockholdersEquity
MPT Operating Partnership, L.P. [Member]    
Real estate assets    
Land 192,551us-gaap_Land
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
154,858us-gaap_Land
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Buildings and improvements 1,848,176us-gaap_BuildingsAndImprovementsGross
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
1,578,336us-gaap_BuildingsAndImprovementsGross
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Construction in progress and other 23,163us-gaap_ConstructionInProgressGross
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
41,771us-gaap_ConstructionInProgressGross
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Intangible lease assets 108,885mpw_IntangibleLeaseAssets
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
90,490mpw_IntangibleLeaseAssets
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Net investment in direct financing leases 439,516us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
431,024us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Mortgage loans 397,594us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
388,756us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Gross investment in real estate assets 3,009,885mpw_GrossInvestmentInRealEstateAssets
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
2,685,235mpw_GrossInvestmentInRealEstateAssets
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Accumulated depreciation (181,441)us-gaap_RealEstateAccumulatedDepreciation
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
(144,235)us-gaap_RealEstateAccumulatedDepreciation
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Accumulated amortization (21,186)mpw_RealEstateAssetsAccumulatedAmortization
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
(15,541)mpw_RealEstateAssetsAccumulatedAmortization
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Net investment in real estate assets 2,807,258mpw_NetInvestmentInRealEstateAssets
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
2,525,459mpw_NetInvestmentInRealEstateAssets
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Cash and cash equivalents 144,541us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
45,979us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Interest and rent receivables 41,137mpw_InterestAndRentReceivable
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
58,565mpw_InterestAndRentReceivable
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Straight-line rent receivables 59,128mpw_StraightLineRentReceivable
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
45,829mpw_StraightLineRentReceivable
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Other loans 573,167mpw_OtherLoans
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
160,990mpw_OtherLoans
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Other assets 122,105us-gaap_OtherAssets
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
67,873us-gaap_OtherAssets
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Total Assets 3,747,336us-gaap_Assets
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
2,904,695us-gaap_Assets
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Liabilities    
Debt, net 2,201,654us-gaap_DebtInstrumentCarryingAmount
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
1,421,681us-gaap_DebtInstrumentCarryingAmount
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Accounts payable and accrued expenses 74,195us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
58,538us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Deferred revenue 27,207us-gaap_DeferredRevenue
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
24,114us-gaap_DeferredRevenue
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Lease deposits and other obligations to tenants 23,805mpw_LeaseDepositsAndOtherObligationsToTenants
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
20,402mpw_LeaseDepositsAndOtherObligationsToTenants
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Payable due to Medical Properties Trust, Inc. 38,038mpw_PayableDueToParentCompany
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
35,362mpw_PayableDueToParentCompany
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Total liabilities 2,364,899us-gaap_Liabilities
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
1,560,097us-gaap_Liabilities
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Commitments and Contingencies      
Limited Partners:    
Accumulated other comprehensive loss (21,914)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
(8,941)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Total Equity / Capital 1,382,437us-gaap_StockholdersEquity
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
1,344,598us-gaap_StockholdersEquity
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
Total Liabilities and Equity / Capital 3,747,336us-gaap_LiabilitiesAndStockholdersEquity
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
2,904,695us-gaap_LiabilitiesAndStockholdersEquity
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
MPT Operating Partnership, L.P. [Member] | Common Units [Member]    
Limited Partners:    
Limited Partners Capital 1,390,296us-gaap_LimitedPartnersCapitalAccount
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
1,339,998us-gaap_LimitedPartnersCapitalAccount
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
MPT Operating Partnership, L.P. [Member] | General Partner [Member]    
Equity / Capital    
General partner - issued and outstanding - 1,722 units at December 31, 2014 and 1,608 units at December 31, 2013 $ 14,055us-gaap_GeneralPartnersCapitalAccount
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= us-gaap_GeneralPartnerMember
$ 13,541us-gaap_GeneralPartnersCapitalAccount
/ dei_LegalEntityAxis
= mpw_MptOperatingPartnershipLPMember
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= us-gaap_GeneralPartnerMember