XML 56 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Rent billed $ 70,358 $ 48,063 $ 177,351 $ 136,952
Straight-line rent 5,023 5,282 15,003 10,648
Income from direct financing leases 14,692 12,308 40,055 36,787
Interest and fee income 24,497 15,124 77,924 46,039
Total revenues 114,570 80,777 310,333 230,426
Expenses        
Real estate depreciation and amortization 20,016 13,354 49,728 39,485
Impairment charges       50,128
Property-related 1,727 700 2,608 1,401
General and administrative 10,778 8,672 32,325 25,836
Acquisition expenses 24,949 4,886 56,997 7,933
Total operating expenses 57,470 27,612 141,658 124,783
Operating income 57,100 53,165 168,675 105,643
Other income (expense)        
Interest and other income 1,350 75 780 44
Earnings from equity and other interests 476 1,153 2,432 2,059
Interest expense (31,643) (25,481) (84,961) (71,455)
Debt refinancing costs (4,080)   (4,319) (290)
Income tax expense (80) (249) (1,018) (232)
Net other expense (33,977) (24,502) (87,086) (69,874)
Income from continuing operations 23,123 28,663 81,589 35,769
Loss from discontinued operations       (2)
Net income 23,123 28,663 81,589 35,767
Net income attributable to non-controlling interests (66) (126) (228) (192)
Net income attributable to MPT common stockholders $ 23,057 $ 28,537 $ 81,361 $ 35,575
Earnings per common share - basic and diluted        
Income from continuing operations attributable to MPT common stockholders $ 0.10 $ 0.16 $ 0.38 $ 0.21
Loss from discontinued operations attributable to MPT common stockholders 0 0 0 0
Net income attributable to MPT common stockholders $ 0.10 $ 0.16 $ 0.38 $ 0.21
Weighted average shares / units outstanding:        
Basic 223,948 171,893 211,659 169,195
Diluted 223,948 172,639 212,068 169,852
Dividends declared per common share / unit $ 0.22 $ 0.21 $ 0.66 $ 0.63
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 70,358 $ 48,063 $ 177,351 $ 136,952
Straight-line rent 5,023 5,282 15,003 10,648
Income from direct financing leases 14,692 12,308 40,055 36,787
Interest and fee income 24,497 15,124 77,924 46,039
Total revenues 114,570 80,777 310,333 230,426
Expenses        
Real estate depreciation and amortization 20,016 13,354 49,728 39,485
Impairment charges       50,128
Property-related 1,727 700 2,608 1,401
General and administrative 10,778 8,672 32,325 25,836
Acquisition expenses 24,949 4,886 56,997 7,933
Total operating expenses 57,470 27,612 141,658 124,783
Operating income 57,100 53,165 168,675 105,643
Other income (expense)        
Interest and other income 1,350 75 780 44
Earnings from equity and other interests 476 1,153 2,432 2,059
Interest expense (31,643) (25,481) (84,961) (71,455)
Debt refinancing costs (4,080)   (4,319) (290)
Income tax expense (80) (249) (1,018) (232)
Net other expense (33,977) (24,502) (87,086) (69,874)
Income from continuing operations 23,123 28,663 81,589 35,769
Loss from discontinued operations       (2)
Net income 23,123 28,663 81,589 35,767
Net income attributable to non-controlling interests (66) (126) (228) (192)
Net income attributable to MPT common stockholders $ 23,057 $ 28,537 $ 81,361 $ 35,575
Earnings per common share - basic and diluted        
Income from continuing operations attributable to MPT common stockholders $ 0.10 $ 0.16 $ 0.38 $ 0.21
Loss from discontinued operations attributable to MPT common stockholders 0 0 0 0
Net income attributable to MPT common stockholders $ 0.10 $ 0.16 $ 0.38 $ 0.21
Weighted average shares / units outstanding:        
Basic 223,948 171,893 211,659 169,195
Diluted 223,948 172,639 212,068 169,852
Dividends declared per common share / unit $ 0.22 $ 0.21 $ 0.66 $ 0.63