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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities    
Net income (loss) $ 232,896 $ (293,534)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 221,460 203,145
Amortization of deferred financing costs and debt discount 17,821 19,364
Straight-line rent revenue from operating and finance leases (108,322) (120,674)
Stock / Unit-based compensation expense 5,815 30,864
Gain on sale of real estate (163,438) (4,156)
Real estate and other impairment charges, net 62,314 167,132
Debt refinancing and unutilized financing (benefit) costs (69,524) 3,629
Earnings from equity and other interests (34,135) (73,713)
Distributions of earnings from equity and other interests 84,880 30,502
Tax rate changes and other (43,546) 997
Non-cash fair value adjustments (10,526) 157,592
Other adjustments (9,312) (11,437)
Changes in:    
Interest and rent receivables 31 8,305
Other assets (931) 5,491
Accounts payable and accrued expenses (94,383) (45,719)
Deferred revenue (1,773) (7,085)
Net cash provided by operating activities 89,327 70,703
Investing activities    
Cash paid for acquisitions and other related investments (29,322) (110,089)
Net proceeds from sale of real estate 389,900 96,961
Proceeds received from repayment of loans receivable 126,705 10,049
Investment in loans receivable (186,452) (158,974)
Construction in progress and other (25,592) (60,747)
Sale and return of equity investment 222,042 0
Capital additions and other investments, net (60,227) (34,069)
Net cash provided by (used for) investing activities 437,054 (256,869)
Financing activities    
Proceeds from term debt 962,687 2,512,970
Payments of term debt (968,837) (2,252,731)
Revolving credit facility, net (249,574) 171,530
Dividends / Distribution paid (163,788) (144,840)
Lease deposits and other obligations to tenants 1,574 2,475
Offering costs (262) (644)
Stock / Unit vesting - satisfaction of tax withholdings (3,739) (1,478)
Repurchase of common stock / unit (6,123) 0
Payment of debt refinancing and deferred financing costs and other financing activities (44,359) (50,218)
Net cash (used for) provided by financing activities (472,421) 237,064
Increase in cash, cash equivalents, and restricted cash for period 53,960 50,898
Effect of exchange rate changes 4,176 13,562
Cash, cash equivalents, and restricted cash at beginning of period 543,995 335,173
Cash, cash equivalents, and restricted cash at end of period 602,131 399,633
Interest paid 471,927 393,100
Supplemental schedule of non-cash investing activities:    
Real estate and other assets provided in property exchange 158,706 0
Real estate acquired in property exchange 165,500 0
Supplemental schedule of non-cash financing activities:    
Term debt issued in note exchange 1,437,313 0
Term debt retired in note exchange 1,560,307 0
Dividends / Distributions declared, unpaid 54,097 48,419
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 599,282 396,577
Restricted cash, included in Other assets at end of period $ 2,849 $ 3,056
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 $ 602,131 $ 399,633
MPT Operating Partnership, L.P. [Member]    
Operating activities    
Net income (loss) 232,896 (293,534)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 221,460 203,145
Amortization of deferred financing costs and debt discount 17,821 19,364
Straight-line rent revenue and other (108,322) (120,674)
Stock / Unit-based compensation expense 5,815 30,864
Gain on sale of real estate (163,438) (4,156)
Real estate and other impairment charges, net 62,314 167,132
Debt refinancing and unutilized financing (benefit) costs (69,524) 3,629
Earnings from equity and other interests (34,135) (73,713)
Distributions of earnings from equity and other interests 84,880 30,502
Tax rate changes and other (43,546) 997
Non-cash fair value adjustments (10,526) 157,592
Other adjustments (9,312) (11,437)
Changes in:    
Interest and rent receivables 31 8,305
Other assets (931) 5,491
Accounts payable and accrued expenses (94,383) (45,719)
Deferred revenue (1,773) (7,085)
Net cash provided by operating activities 89,327 70,703
Investing activities    
Cash paid for acquisitions and other related investments (29,322) (110,089)
Net proceeds from sale of real estate 389,900 96,961
Proceeds received from repayment of loans receivable 126,705 10,049
Investment in loans receivable (186,452) (158,974)
Construction in progress and other (25,592) (60,747)
Sale and return of equity investment 222,042 0
Capital additions and other investments, net (60,227) (34,069)
Net cash provided by (used for) investing activities 437,054 (256,869)
Financing activities    
Proceeds from term debt 962,687 2,512,970
Payments of term debt (968,837) (2,252,731)
Revolving credit facility, net (249,574) 171,530
Dividends / Distribution paid (163,788) (144,840)
Lease deposits and other obligations to tenants 1,574 2,475
Offering costs (262) (644)
Stock / Unit vesting - satisfaction of tax withholdings (3,739) (1,478)
Repurchase of common stock / unit (6,123) 0
Payment of debt refinancing and deferred financing costs and other financing activities (44,359) (50,218)
Net cash (used for) provided by financing activities (472,421) 237,064
Increase in cash, cash equivalents, and restricted cash for period 53,960 50,898
Effect of exchange rate changes 4,176 13,562
Cash, cash equivalents, and restricted cash at beginning of period 543,995 335,173
Cash, cash equivalents, and restricted cash at end of period 602,131 399,633
Interest paid 471,927 393,100
Supplemental schedule of non-cash investing activities:    
Real estate and other assets provided in property exchange 158,706 0
Real estate acquired in property exchange 165,500 0
Supplemental schedule of non-cash financing activities:    
Term debt issued in note exchange 1,437,313 0
Term debt retired in note exchange 1,560,307 0
Dividends / Distributions declared, unpaid 54,097 48,419
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 599,282 396,577
Restricted cash, included in Other assets at end of period $ 2,849 $ 3,056
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 $ 602,131 $ 399,633