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Condensed Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Rent billed $ 82,387 $ 70,358 $ 234,408 $ 177,351
Straight-line rent 9,741 5,023 26,509 15,003
Income from direct financing leases 14,678 14,692 47,181 40,055
Interest and fee income 19,749 24,497 79,756 77,924
Total revenues 126,555 114,570 387,854 310,333
Expenses        
Real estate depreciation and amortization 23,876 20,016 67,850 49,728
Impairment charges (80)   7,295  
Property-related (93) 1,727 1,592 2,608
Acquisition expenses 2,677 24,949 6,379 56,997
General and administrative 12,305 10,778 35,821 32,325
Total operating expenses 38,685 57,470 118,937 141,658
Operating income 87,870 57,100 268,917 168,675
Other income (expense)        
Interest expense (40,262) (31,643) (121,132) (84,961)
Gain on sale of real estate and other asset dispositions, net 44,616 3,268 61,294 3,268
Unutilized financing fees / debt refinancing costs (22,535) (4,080) (22,539) (4,319)
Earnings (loss) from equity and other interests 1,245 476 (2,556) 2,432
Other income (expense) 99 (1,918) (118) (2,488)
Income tax expense (490) (80) (1,173) (1,018)
Net other expense (17,327) (33,977) (86,224) (87,086)
Income from continuing operations 70,543 23,123 182,693 81,589
Loss from discontinued operations     (1)  
Net income 70,543 23,123 182,692 81,589
Net income attributable to non-controlling interests (185) (66) (683) (228)
Net income attributable to MPT common stockholders $ 70,358 $ 23,057 $ 182,009 $ 81,361
Earnings per common share - basic        
Income from continuing operations attributable to MPT common stockholders $ 0.29 $ 0.10 $ 0.75 $ 0.38
Loss from discontinued operations attributable to MPT common stockholders 0 0 0 0
Net income attributable to MPT common stockholders $ 0.29 $ 0.10 $ 0.75 $ 0.38
Weighted average shares outstanding - basic 246,230 223,948 240,607 211,659
Earnings per common share - diluted        
Income from continuing operations attributable to MPT common stockholders $ 0.28 $ 0.10 $ 0.75 $ 0.38
Loss from discontinued operations attributable to MPT common stockholders 0 0 0 0
Net income attributable to MPT common stockholders $ 0.28 $ 0.10 $ 0.75 $ 0.38
Weighted average shares outstanding - diluted 247,468 223,948 241,432 212,068
Dividends declared per common share $ 0.23 $ 0.22 $ 0.68 $ 0.66
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 82,387 $ 70,358 $ 234,408 $ 177,351
Straight-line rent 9,741 5,023 26,509 15,003
Income from direct financing leases 14,678 14,692 47,181 40,055
Interest and fee income 19,749 24,497 79,756 77,924
Total revenues 126,555 114,570 387,854 310,333
Expenses        
Real estate depreciation and amortization 23,876 20,016 67,850 49,728
Impairment charges (80)   7,295  
Property-related (93) 1,727 1,592 2,608
Acquisition expenses 2,677 24,949 6,379 56,997
General and administrative 12,305 10,778 35,821 32,325
Total operating expenses 38,685 57,470 118,937 141,658
Operating income 87,870 57,100 268,917 168,675
Other income (expense)        
Interest expense (40,262) (31,643) (121,132) (84,961)
Gain on sale of real estate and other asset dispositions, net 44,616 3,268 61,294 3,268
Unutilized financing fees / debt refinancing costs (22,535) (4,080) (22,539) (4,319)
Earnings (loss) from equity and other interests 1,245 476 (2,556) 2,432
Other income (expense) 99 (1,918) (118) (2,488)
Income tax expense (490) (80) (1,173) (1,018)
Net other expense (17,327) (33,977) (86,224) (87,086)
Income from continuing operations 70,543 23,123 182,693 81,589
Loss from discontinued operations     (1)  
Net income 70,543 23,123 182,692 81,589
Net income attributable to non-controlling interests (185) (66) (683) (228)
Net income attributable to MPT common stockholders $ 70,358 $ 23,057 $ 182,009 $ 81,361
Earnings per common share - basic        
Income from continuing operations attributable to MPT common stockholders $ 0.29 $ 0.10 $ 0.75 $ 0.38
Loss from discontinued operations attributable to MPT common stockholders 0 0 0 0
Net income attributable to MPT common stockholders $ 0.29 $ 0.10 $ 0.75 $ 0.38
Weighted average shares outstanding - basic 246,230 223,948 240,607 211,659
Earnings per common share - diluted        
Income from continuing operations attributable to MPT common stockholders $ 0.28 $ 0.10 $ 0.75 $ 0.38
Loss from discontinued operations attributable to MPT common stockholders 0 0 0 0
Net income attributable to MPT common stockholders $ 0.28 $ 0.10 $ 0.75 $ 0.38
Weighted average shares outstanding - diluted 247,468 223,948 241,432 212,068
Dividends declared per common share $ 0.23 $ 0.22 $ 0.68 $ 0.66