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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, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Rent billed $ 110,930 $ 82,387 $ 311,140 $ 234,408
Straight-line rent 17,505 9,741 46,561 26,509
Income from direct financing leases 19,115 14,678 55,307 47,181
Interest and fee income 29,030 19,749 86,776 79,756
Total revenues 176,580 126,555 499,784 387,854
Expenses        
Real estate depreciation and amortization 31,915 23,876 88,994 67,850
Impairment charges   (80)   7,295
Property-related 1,519 (93) 4,000 1,592
Acquisition expenses 7,434 2,677 20,996 6,379
General and administrative 15,011 12,305 43,287 35,821
Total operating expenses 55,879 38,685 157,277 118,937
Operating income 120,701 87,870 342,507 268,917
Other income (expense)        
Interest expense (42,759) (40,262) (120,498) (121,132)
Gain on sale of real estate and other asset dispositions, net 18 44,616 7,431 61,294
Earnings (loss) from equity and other interests 3,384 1,245 7,898 (2,556)
Unutilized financing fees/debt refinancing costs (4,414) (22,535) (18,794) (22,539)
Other income (expense) 481 99 1,101 (118)
Income tax expense (530) (490) (783) (1,173)
Net other expense (43,820) (17,327) (123,645) (86,224)
Income from continuing operations 76,881 70,543 218,862 182,693
Loss from discontinued operations       (1)
Net income 76,881 70,543 218,862 182,692
Net income attributable to non-controlling interests (417) (185) (1,013) (683)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 76,464 $ 70,358 $ 217,849 $ 182,009
Earnings per common share - basic        
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.29 $ 0.63 $ 0.75
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 $ 0.29 $ 0.63 $ 0.75
Weighted average shares outstanding - basic 364,315 246,230 345,076 240,607
Earnings per common share - diluted        
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.28 $ 0.63 $ 0.75
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 $ 0.28 $ 0.63 $ 0.75
Weighted average shares outstanding - diluted 365,046 247,468 345,596 241,432
Dividends declared per common share $ 0.24 $ 0.23 $ 0.72 $ 0.68
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 110,930 $ 82,387 $ 311,140 $ 234,408
Straight-line rent 17,505 9,741 46,561 26,509
Income from direct financing leases 19,115 14,678 55,307 47,181
Interest and fee income 29,030 19,749 86,776 79,756
Total revenues 176,580 126,555 499,784 387,854
Expenses        
Real estate depreciation and amortization 31,915 23,876 88,994 67,850
Impairment charges   (80)   7,295
Property-related 1,519 (93) 4,000 1,592
Acquisition expenses 7,434 2,677 20,996 6,379
General and administrative 15,011 12,305 43,287 35,821
Total operating expenses 55,879 38,685 157,277 118,937
Operating income 120,701 87,870 342,507 268,917
Other income (expense)        
Interest expense (42,759) (40,262) (120,498) (121,132)
Gain on sale of real estate and other asset dispositions, net 18 44,616 7,431 61,294
Earnings (loss) from equity and other interests 3,384 1,245 7,898 (2,556)
Unutilized financing fees/debt refinancing costs (4,414) (22,535) (18,794) (22,539)
Other income (expense) 481 99 1,101 (118)
Income tax expense (530) (490) (783) (1,173)
Net other expense (43,820) (17,327) (123,645) (86,224)
Income from continuing operations 76,881 70,543 218,862 182,693
Loss from discontinued operations       (1)
Net income 76,881 70,543 218,862 182,692
Net income attributable to non-controlling interests (417) (185) (1,013) (683)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 76,464 $ 70,358 $ 217,849 $ 182,009
Earnings per common share - basic        
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.29 $ 0.63 $ 0.75
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 $ 0.29 $ 0.63 $ 0.75
Weighted average shares outstanding - basic 364,315 246,230 345,076 240,607
Earnings per common share - diluted        
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.28 $ 0.63 $ 0.75
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 $ 0.28 $ 0.63 $ 0.75
Weighted average shares outstanding - diluted 365,046 247,468 345,596 241,432
Dividends declared per common share $ 0.24 $ 0.23 $ 0.72 $ 0.68