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Condensed Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Rent billed $ 103,447 $ 77,960 $ 200,210 $ 152,021
Straight-line rent 16,277 8,551 29,056 16,768
Income from direct financing leases 18,312 13,552 36,192 32,503
Interest and fee income 28,771 26,237 57,746 60,007
Total revenues 166,807 126,300 323,204 261,299
Expenses        
Real estate depreciation and amortization 29,493 22,832 57,079 43,974
Impairment charges   7,375   7,375
Property-related 1,153 784 2,481 1,685
Acquisition expenses 10,806 4,767 13,562 3,702
General and administrative 15,079 12,045 28,276 23,516
Total operating expenses 56,531 47,803 101,398 80,252
Operating income 110,276 78,497 221,806 181,047
Other income (expense)        
Interest expense (39,710) (41,501) (77,739) (80,870)
Gain on sale of real estate and other asset dispositions, net   16,638 7,413 16,678
Earnings (loss) from equity and other interests 2,800 1,200 4,514 (3,801)
Unutilized financing fees/debt refinancing costs (751)   (14,380) (4)
Other income (expense) 567 (546) 620 (217)
Income tax benefit (expense) 614 (364) (253) (683)
Net other expense (36,480) (24,573) (79,825) (68,897)
Income from continuing operations 73,796 53,924 141,981 112,150
Loss from discontinued operations       (1)
Net income 73,796 53,924 141,981 112,149
Net income attributable to non-controlling interests (381) (200) (596) (498)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 73,415 $ 53,724 $ 141,385 $ 111,651
Earnings per common share - basic        
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.23 $ 0.42 $ 0.47
Loss from discontinued operations attributable to MPT common stockholders (Operating Partnership partners) 0 0 0 0
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.23 $ 0.42 $ 0.47
Weighted average shares outstanding - basic 349,856 238,082 335,456 237,796
Earnings per common share - diluted        
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.22 $ 0.42 $ 0.47
Loss from discontinued operations attributable to MPT common stockholders (Operating Partnership partners) 0 0 0 0
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.22 $ 0.42 $ 0.47
Weighted average shares outstanding - diluted 350,319 239,008 335,871 238,413
Dividends declared per common share $ 0.24 $ 0.23 $ 0.48 $ 0.45
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 103,447 $ 77,960 $ 200,210 $ 152,021
Straight-line rent 16,277 8,551 29,056 16,768
Income from direct financing leases 18,312 13,552 36,192 32,503
Interest and fee income 28,771 26,237 57,746 60,007
Total revenues 166,807 126,300 323,204 261,299
Expenses        
Real estate depreciation and amortization 29,493 22,832 57,079 43,974
Impairment charges   7,375   7,375
Property-related 1,153 784 2,481 1,685
Acquisition expenses 10,806 4,767 13,562 3,702
General and administrative 15,079 12,045 28,276 23,516
Total operating expenses 56,531 47,803 101,398 80,252
Operating income 110,276 78,497 221,806 181,047
Other income (expense)        
Interest expense (39,710) (41,501) (77,739) (80,870)
Gain on sale of real estate and other asset dispositions, net   16,638 7,413 16,678
Earnings (loss) from equity and other interests 2,800 1,200 4,514 (3,801)
Unutilized financing fees/debt refinancing costs (751)   (14,380) (4)
Other income (expense) 567 (546) 620 (217)
Income tax benefit (expense) 614 (364) (253) (683)
Net other expense (36,480) (24,573) (79,825) (68,897)
Income from continuing operations 73,796 53,924 141,981 112,150
Loss from discontinued operations       (1)
Net income 73,796 53,924 141,981 112,149
Net income attributable to non-controlling interests (381) (200) (596) (498)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 73,415 $ 53,724 $ 141,385 $ 111,651
Earnings per common share - basic        
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.23 $ 0.42 $ 0.47
Loss from discontinued operations attributable to MPT common stockholders (Operating Partnership partners) 0 0 0 0
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.23 $ 0.42 $ 0.47
Weighted average shares outstanding - basic 349,856 238,082 335,456 237,796
Earnings per common share - diluted        
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.22 $ 0.42 $ 0.47
Loss from discontinued operations attributable to MPT common stockholders (Operating Partnership partners) 0 0 0 0
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.22 $ 0.42 $ 0.47
Weighted average shares outstanding - diluted 350,319 239,008 335,871 238,413
Dividends declared per common share $ 0.24 $ 0.23 $ 0.48 $ 0.45