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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, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Rent billed $ 195,305 $ 181,001 $ 596,225 $ 524,051
Straight-line rent 35,699 36,405 103,203 116,197
Income from financing leases 10,099 9,944 30,244 29,772
Interest and other income 9,037 10,172 31,816 31,660
Total revenues 250,140 237,522 761,488 701,680
Expenses        
Interest 153,091 132,395 421,683 377,905
Real estate depreciation and amortization 70,343 66,993 209,513 198,282
Property-related 11,399 8,993 32,541 26,891
General and administrative 29,036 37,734 96,012 105,842
Total expenses 263,869 246,115 759,749 708,920
Other income (expense)        
Gain (loss) on sale of real estate 157,766 (9,115) 163,438 4,156
Real estate and other impairment charges, net (23,870) (81,761) (59,670) (159,284)
Earnings from equity interests 6,988 34,403 34,135 73,713
Debt refinancing and unutilized financing benefit (costs) 69,524 (14) 69,524 (3,629)
Other (including fair value adjustments on securities) 15,424 (1,498) 11,011 (171,138)
Total other income (expense) 225,832 (57,985) 218,438 (256,182)
Income (loss) before income tax 212,103 (66,578) 220,177 (263,422)
Income tax (expense) benefit (10,026) (10,872) 12,719 (30,112)
Net income (loss) 202,077 (77,450) 232,896 (293,534)
Net income attributable to non-controlling interests (494) (280) (1,081) (828)
Net income (loss) attributable to MPT common stockholders (Operating Partnership partners) $ 201,583 $ (77,730) $ 231,815 $ (294,362)
Earnings per common share (units) basic        
Net income (loss) attributable to MPT common stockholders (Operating Partnership partners), basic $ 0.34 $ (0.13) $ 0.39 $ (0.49)
Earnings per common share (units) diluted        
Net income (loss) attributable to MPT common stockholders (Operating Partnership partners), diluted $ 0.34 $ (0.13) $ 0.39 $ (0.49)
Weighted average shares (units) outstanding basic 597,157 601,136 597,611 600,867
Weighted average shares (units) outstanding diluted 597,162 601,136 597,613 600,867
Dividends/Distributions declared per common share (unit) $ 0.09 $ 0.08 $ 0.27 $ 0.24
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 195,305 $ 181,001 $ 596,225 $ 524,051
Straight-line rent 35,699 36,405 103,203 116,197
Income from financing leases 10,099 9,944 30,244 29,772
Interest and other income 9,037 10,172 31,816 31,660
Total revenues 250,140 237,522 761,488 701,680
Expenses        
Interest 153,091 132,395 421,683 377,905
Real estate depreciation and amortization 70,343 66,993 209,513 198,282
Property-related 11,399 8,993 32,541 26,891
General and administrative 29,036 37,734 96,012 105,842
Total expenses 263,869 246,115 759,749 708,920
Other income (expense)        
Gain (loss) on sale of real estate 157,766 (9,115) 163,438 4,156
Real estate and other impairment charges, net (23,870) (81,761) (59,670) (159,284)
Earnings from equity interests 6,988 34,403 34,135 73,713
Debt refinancing and unutilized financing benefit (costs) 69,524 (14) 69,524 (3,629)
Other (including fair value adjustments on securities) 15,424 (1,498) 11,011 (171,138)
Total other income (expense) 225,832 (57,985) 218,438 (256,182)
Income (loss) before income tax 212,103 (66,578) 220,177 (263,422)
Income tax (expense) benefit (10,026) (10,872) 12,719 (30,112)
Net income (loss) 202,077 (77,450) 232,896 (293,534)
Net income attributable to non-controlling interests (494) (280) (1,081) (828)
Net income (loss) attributable to MPT common stockholders (Operating Partnership partners) $ 201,583 $ (77,730) $ 231,815 $ (294,362)
Earnings per common share (units) basic        
Net income (loss) attributable to MPT common stockholders (Operating Partnership partners), basic $ 0.34 $ (0.13) $ 0.39 $ (0.49)
Earnings per common share (units) diluted        
Net income (loss) attributable to MPT common stockholders (Operating Partnership partners), diluted $ 0.34 $ (0.13) $ 0.39 $ (0.49)
Weighted average shares (units) outstanding basic 597,157 601,136 597,611 600,867
Weighted average shares (units) outstanding diluted 597,162 601,136 597,613 600,867
Dividends/Distributions declared per common share (unit) $ 0.09 $ 0.08 $ 0.27 $ 0.24