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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Operating activities      
Net income $ 139,927 $ 50,796 $ 97,215
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 71,827 55,162 38,818
Amortization and write-off of deferred financing costs and debt discount 6,085 5,105 3,559
Direct financing lease interest accretion (8,032) (6,701) (5,774)
Straight-line rent revenue (26,187) (16,325) (11,265)
Share / (Unit)-based compensation expense 11,122 9,165 8,833
Gain from sale of real estate (3,268) (2,857) (7,659)
Impairment charges   50,128  
Straight-line rent write-off 2,812 2,818 1,457
Other adjustments (1,967) 520 (70)
Decrease (increase) in:      
Interest and rent receivable (5,599) (3,856) (13,211)
Other assets (8,297) 764 1,855
Accounts payable and accrued expenses 26,540 6,209 23,867
Deferred revenue 2,033 (485) 3,177
Net cash provided by operating activities 206,996 150,443 140,802
Investing activities      
Cash paid for acquisitions and other related investments (2,218,869) (767,696) (654,922)
Net proceeds from sale of real estate 19,175 34,649 32,409
Principal received on loans receivable 771,785 11,265 7,249
Investment in loans receivable (354,001) (12,782) (3,746)
Construction in progress (146,372) (102,333) (41,452)
Other investments, net (17,339) (13,126) (52,115)
Net cash used for investing activities (1,945,621) (850,023) (712,577)
Financing activities      
Additions to term debt 681,000 425,000 424,580
Payments of term debt (283) (100,266) (11,249)
Payment of deferred financing costs (7,686) (14,496) (9,760)
Revolving credit facilities, net 509,415 490,625 (20,000)
Distributions paid (182,980) (144,365) (120,309)
Lease deposits and other obligations to tenants (10,839) 7,892 3,231
Proceeds from sale of common shares / units, net of offering costs 817,389 138,173 313,330
Other financing activities (5,326)    
Net cash provided by financing activities 1,800,690 802,563 579,823
Increase in cash and cash equivalents for the year 62,065 102,983 8,048
Effect of exchange rate changes (11,065) (4,421) 620
Cash and cash equivalents at beginning of year 144,541 45,979 37,311
Cash and cash equivalents at end of year 195,541 144,541 45,979
Interest paid, including capitalized interest of $1,425 in 2015, $1,860 in 2014, and $1,729 in 2013 107,228 91,890 58,110
Supplemental schedule of non-cash investing activities:      
Mortgage loan issued from sale of real estate   12,500  
Supplemental schedule of non-cash financing activities:      
Dividends declared, not paid 52,402 38,461 35,778
MPT Operating Partnership, L.P. [Member]      
Operating activities      
Net income 139,927 50,796 97,215
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 71,827 55,162 38,818
Amortization and write-off of deferred financing costs and debt discount 6,085 5,105 3,559
Direct financing lease interest accretion (8,032) (6,701) (5,774)
Straight-line rent revenue (26,187) (16,325) (11,265)
Share / (Unit)-based compensation expense 11,122 9,165 8,833
Gain from sale of real estate (3,268) (2,857) (7,659)
Impairment charges   50,128  
Straight-line rent write-off 2,812 2,818 1,457
Other adjustments (1,967) 520 (70)
Decrease (increase) in:      
Interest and rent receivable (5,599) (3,856) (13,211)
Other assets (8,297) 764 1,855
Accounts payable and accrued expenses 26,540 6,209 23,867
Deferred revenue 2,033 (485) 3,177
Net cash provided by operating activities 206,996 150,443 140,802
Investing activities      
Cash paid for acquisitions and other related investments (2,218,869) (767,696) (654,922)
Net proceeds from sale of real estate 19,175 34,649 32,409
Principal received on loans receivable 771,785 11,265 7,249
Investment in loans receivable (354,001) (12,782) (3,746)
Construction in progress (146,372) (102,333) (41,452)
Other investments, net (17,339) (13,126) (52,115)
Net cash used for investing activities (1,945,621) (850,023) (712,577)
Financing activities      
Additions to term debt 681,100 425,000 424,580
Payments of term debt (283) (100,266) (11,249)
Payment of deferred financing costs (7,686) (14,496) (9,760)
Revolving credit facilities, net 509,415 490,625 (20,000)
Distributions paid (182,980) (144,365) (120,309)
Lease deposits and other obligations to tenants (10,839) 7,892 3,231
Proceeds from sale of common shares / units, net of offering costs 817,389 138,173 313,330
Other financing activities (5,326)    
Net cash provided by financing activities 1,800,690 802,563 579,823
Increase in cash and cash equivalents for the year 62,065 102,983 8,048
Effect of exchange rate changes (11,065) (4,421) 620
Cash and cash equivalents at beginning of year 144,541 45,979 37,311
Cash and cash equivalents at end of year 195,541 144,541 45,979
Interest paid, including capitalized interest of $1,425 in 2015, $1,860 in 2014, and $1,729 in 2013 107,228 91,890 58,110
Supplemental schedule of non-cash investing activities:      
Mortgage loan issued from sale of real estate   12,500  
Supplemental schedule of non-cash financing activities:      
Dividends declared, not paid $ 52,402 $ 38,461 $ 35,778