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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income (loss) $ 33,107 $ (118,016)
Adjustments to reconcile net income (loss) to net cash (used for) provided by operating activities:    
Depreciation and amortization 73,348 65,431
Amortization of deferred financing costs and debt discount 6,983 5,796
Straight-line rent revenue from operating and finance leases (35,578) (41,601)
Stock / Unit-based compensation expense 573 17,665
(Loss) gain on sale of real estate 790 (8,059)
Real estate and other impairment charges, net 19,506 79,581
Debt refinancing and unutilized financing costs 0 3,796
Tax rate changes and other (45,155) 1,102
Non-cash fair value adjustments (5,568) 26,609
Other adjustments (1,596) 2,473
Changes in:    
Interest and rent receivables 905 6,626
Other assets 556 (1,792)
Accounts payable and accrued expenses (61,809) (35,400)
Deferred revenue (321) (3,827)
Net cash (used for) provided by operating activities (14,259) 384
Investing activities    
Cash paid for acquisitions and other related investments (29,322) (39,314)
Net proceeds from sale of real estate 18,500 19,837
Proceeds received from repayment of loans receivable 48,651 0
Investment in loans receivable (71,024) (21,800)
Construction in progress and other (12,717) (26,053)
Capital additions and other investments, net (30,864) (22,086)
Net cash used for investing activities (76,776) (89,416)
Financing activities    
Proceeds from term debt 0 2,512,970
Payments of term debt 0 (2,252,731)
Revolving credit facility, net 30,000 258,433
Dividends / Distribution paid (55,351) (48,164)
Lease deposits and other obligations to tenants 4,414 3,243
Offering costs (39) 0
Stock / Unit vesting - satisfaction of tax withholdings (1,792) (289)
Payment of debt refinancing and deferred financing costs and other financing activities (456) (47,142)
Net cash (used for) provided by financing activities (23,224) 426,320
(Decrease) increase in cash, cash equivalents, and restricted cash for period (114,259) 337,288
Effect of exchange rate changes (1,785) 4,024
Cash, cash equivalents, and restricted cash at beginning of period 543,995 335,173
Cash, cash equivalents, and restricted cash at end of period 427,951 676,485
Interest paid 174,061 118,005
Supplemental schedule of non-cash financing activities:    
Dividends / Distributions declared, unpaid 54,255 48,387
Cash, cash equivalents, and restricted cash are comprised of the following:    
Cash and cash equivalents at beginning of period 540,859 332,335
Restricted cash, included in Other assets at beginning of period $ 3,136 $ 2,838
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets
Cash, cash equivalents, and restricted cash at beginning of period $ 543,995 $ 335,173
Cash and cash equivalents at end of period 425,001 673,482
Restricted cash, included in Other assets at end of period $ 2,950 $ 3,003
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets
Cash, cash equivalents, and restricted cash at end of period $ 427,951 $ 676,485
MPT Operating Partnership, L.P. [Member]    
Operating activities    
Net income (loss) 33,107 (118,016)
Adjustments to reconcile net income (loss) to net cash (used for) provided by operating activities:    
Depreciation and amortization 73,348 65,431
Amortization of deferred financing costs and debt discount 6,983 5,796
Straight-line rent revenue and other (35,578) (41,601)
Stock / Unit-based compensation expense 573 17,665
(Loss) gain on sale of real estate 790 (8,059)
Real estate and other impairment charges, net 19,506 79,581
Debt refinancing and unutilized financing costs 0 3,796
Tax rate changes and other (45,155) 1,102
Non-cash fair value adjustments (5,568) 26,609
Other adjustments (1,596) 2,473
Changes in:    
Interest and rent receivables 905 6,626
Other assets 556 (1,792)
Accounts payable and accrued expenses (61,809) (35,400)
Deferred revenue (321) (3,827)
Net cash (used for) provided by operating activities (14,259) 384
Investing activities    
Cash paid for acquisitions and other related investments (29,322) (39,314)
Net proceeds from sale of real estate 18,500 19,837
Proceeds received from repayment of loans receivable 48,651 0
Investment in loans receivable (71,024) (21,800)
Construction in progress and other (12,717) (26,053)
Capital additions and other investments, net (30,864) (22,086)
Net cash used for investing activities (76,776) (89,416)
Financing activities    
Proceeds from term debt 0 2,512,970
Payments of term debt 0 (2,252,731)
Revolving credit facility, net 30,000 258,433
Dividends / Distribution paid (55,351) (48,164)
Lease deposits and other obligations to tenants 4,414 3,243
Offering costs (39) 0
Stock / Unit vesting - satisfaction of tax withholdings (1,792) (289)
Payment of debt refinancing and deferred financing costs and other financing activities (456) (47,142)
Net cash (used for) provided by financing activities (23,224) 426,320
(Decrease) increase in cash, cash equivalents, and restricted cash for period (114,259) 337,288
Effect of exchange rate changes (1,785) 4,024
Cash, cash equivalents, and restricted cash at beginning of period 543,995 335,173
Cash, cash equivalents, and restricted cash at end of period 427,951 676,485
Interest paid 174,061 118,005
Supplemental schedule of non-cash financing activities:    
Dividends / Distributions declared, unpaid 54,255 48,387
Cash, cash equivalents, and restricted cash are comprised of the following:    
Cash and cash equivalents at beginning of period 540,859 332,335
Restricted cash, included in Other assets at beginning of period $ 3,136 $ 2,838
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets
Cash, cash equivalents, and restricted cash at beginning of period $ 543,995 $ 335,173
Cash and cash equivalents at end of period 425,001 673,482
Restricted cash, included in Other assets at end of period $ 2,950 $ 3,003
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets
Cash, cash equivalents, and restricted cash at end of period $ 427,951 $ 676,485