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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Operating activities      
Net income $ 225,937 $ 139,927 $ 50,796
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 97,601 71,827 55,162
Amortization of deferred financing costs and debt discount 7,613 6,085 5,105
Direct financing lease interest accretion (9,120) (8,032) (6,701)
Straight-line rent revenue (41,567) (26,187) (16,325)
Share / (Unit)-based compensation expense 7,942 11,122 9,165
Gain from sale of real estate and other asset dispositions, net (61,224) (3,268) (2,857)
Impairment charges 7,229   50,128
Straight-line rent and other write-off 3,063 2,812 2,818
Unutilized financing fees/ debt refinancing costs 22,539 4,367 1,698
Other adjustments 3,563 (6,334) (1,178)
Decrease (increase) in:      
Interest and rent receivable (13,247) (5,599) (3,856)
Other assets (18,357) (8,297) 764
Accounts payable and accrued expenses 41,583 26,540 6,209
Deferred revenue (8,872) 2,033 (485)
Net cash provided by operating activities 264,683 206,996 150,443
Investing activities      
Cash paid for acquisitions and other related investments (1,682,409) (2,218,869) (767,696)
Net proceeds from sale of real estate 198,767 19,175 34,649
Principal received on loans receivable 906,757 771,785 11,265
Investment in loans receivable (109,027) (354,001) (12,782)
Construction in progress and other (171,209) (146,372) (102,333)
Investment in unsecured senior notes (50,000)    
Proceeds from sale of unsecured senior notes 50,000    
Other investments, net (69,423) (17,339) (13,126)
Net cash used for investing activities (926,544) (1,945,621) (850,023)
Financing activities      
Proceeds from term debt 1,000,000 681,000 425,000
Payments of term debt (575,299) (283) (100,266)
Payment of deferred financing costs (15,468) (7,686) (14,496)
Revolving credit facilities, net (810,000) 509,415 490,625
Distributions paid (218,393) (182,980) (144,365)
Lease deposits and other obligations to tenants 14,557 (10,839) 7,892
Proceeds from sale of common shares / units, net of offering costs 1,173,651 817,389 138,173
Other financing activities (16,485) (5,326)  
Net cash provided by financing activities 552,563 1,800,690 802,563
Increase in cash and cash equivalents for the year (109,298) 62,065 102,983
Effect of exchange rate changes (3,003) (11,065) (4,421)
Cash and cash equivalents at beginning of year 195,541 144,541 45,979
Cash and cash equivalents at end of year 83,240 195,541 144,541
Interest paid, including capitalized interest of $2,320 in 2016, $1,425 in 2015, and $1,860 in 2014 138,770 107,228 91,890
Supplemental schedule of non-cash investing activities:      
Mortgage loan issued from sale of real estate     12,500
Increase in development project construction costs incurred, not paid 15,857 2,684  
Supplemental schedule of non-cash financing activities:      
Dividends declared, not paid 74,521 52,402 38,461
MPT Operating Partnership, L.P. [Member]      
Operating activities      
Net income 225,937 139,927 50,796
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 97,601 71,827 55,162
Amortization of deferred financing costs and debt discount 7,613 6,085 5,105
Direct financing lease interest accretion (9,120) (8,032) (6,701)
Straight-line rent revenue (41,567) (26,187) (16,325)
Share / (Unit)-based compensation expense 7,942 11,122 9,165
Gain from sale of real estate and other asset dispositions, net (61,224) (3,268) (2,857)
Impairment charges 7,229   50,128
Straight-line rent and other write-off 3,063 2,812 2,818
Unutilized financing fees/ debt refinancing costs 22,539 4,367 1,698
Other adjustments 3,563 (6,334) (1,178)
Decrease (increase) in:      
Interest and rent receivable (13,247) (5,599) (3,856)
Other assets (18,357) (8,297) 764
Accounts payable and accrued expenses 41,583 26,540 6,209
Deferred revenue (8,872) 2,033 (485)
Net cash provided by operating activities 264,683 206,996 150,443
Investing activities      
Cash paid for acquisitions and other related investments (1,682,409) (2,218,869) (767,696)
Net proceeds from sale of real estate 198,767 19,175 34,649
Principal received on loans receivable 906,757 771,785 11,265
Investment in loans receivable (109,027) (354,001) (12,782)
Construction in progress and other (171,209) (146,372) (102,333)
Investment in unsecured senior notes (50,000)    
Proceeds from sale of unsecured senior notes 50,000    
Other investments, net (69,423) (17,339) (13,126)
Net cash used for investing activities (926,544) (1,945,621) (850,023)
Financing activities      
Proceeds from term debt 1,000,000 681,000 425,000
Payments of term debt (575,299) (283) (100,266)
Payment of deferred financing costs (15,468) (7,686) (14,496)
Revolving credit facilities, net (810,000) 509,415 490,625
Distributions paid (218,393) (182,980) (144,365)
Lease deposits and other obligations to tenants 14,557 (10,839) 7,892
Proceeds from sale of common shares / units, net of offering costs 1,173,651 817,389 138,173
Other financing activities (16,485) (5,326)  
Net cash provided by financing activities 552,563 1,800,690 802,563
Increase in cash and cash equivalents for the year (109,298) 62,065 102,983
Effect of exchange rate changes (3,003) (11,065) (4,421)
Cash and cash equivalents at beginning of year 195,541 144,541 45,979
Cash and cash equivalents at end of year 83,240 195,541 144,541
Interest paid, including capitalized interest of $2,320 in 2016, $1,425 in 2015, and $1,860 in 2014 138,770 107,228 91,890
Supplemental schedule of non-cash investing activities:      
Mortgage loan issued from sale of real estate     12,500
Increase in development project construction costs incurred, not paid 15,857 2,684  
Supplemental schedule of non-cash financing activities:      
Dividends declared, not paid $ 74,521 $ 52,402 $ 38,461