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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, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Rent billed $ 122,827 $ 103,447 $ 250,838 $ 200,210
Straight-line rent 15,073 16,277 30,864 29,056
Income from direct financing leases 18,934 18,312 36,615 36,192
Interest and fee income 45,068 28,771 88,631 57,746
Total revenues 201,902 166,807 406,948 323,204
Expenses        
Interest 58,126 39,710 115,149 77,739
Real estate depreciation and amortization 34,466 29,493 70,268 57,079
Property-related 1,920 1,153 4,104 2,481
General and administrative 19,552 15,079 37,370 28,276
Acquisition costs 411 10,806 411 13,562
Total expenses 114,475 96,241 227,302 179,137
Other income (expense)        
Gain on sale of real estate, net 24,151   25,618 7,413
Debt refinancing costs   (751)   (14,380)
Other 2,002 3,367 534 5,134
Total other income (expense) 26,153 2,616 26,152 (1,833)
Income before income tax 113,580 73,182 205,798 142,234
Income tax (expense) benefit (1,563) 614 (2,738) (253)
Net income 112,017 73,796 203,060 141,981
Net income attributable to non-controlling interests (450) (381) (892) (596)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 111,567 $ 73,415 $ 202,168 $ 141,385
Earnings per common share — basic and diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.30 $ 0.21 $ 0.55 $ 0.42
Weighted average shares outstanding - basic 364,897 349,856 364,889 335,456
Weighted average shares outstanding - diluted 365,541 350,319 365,442 335,871
Dividends declared per common share $ 0.25 $ 0.24 $ 0.50 $ 0.48
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 122,827 $ 103,447 $ 250,838 $ 200,210
Straight-line rent 15,073 16,277 30,864 29,056
Income from direct financing leases 18,934 18,312 36,615 36,192
Interest and fee income 45,068 28,771 88,631 57,746
Total revenues 201,902 166,807 406,948 323,204
Expenses        
Interest 58,126 39,710 115,149 77,739
Real estate depreciation and amortization 34,466 29,493 70,268 57,079
Property-related 1,920 1,153 4,104 2,481
General and administrative 19,552 15,079 37,370 28,276
Acquisition costs 411 10,806 411 13,562
Total expenses 114,475 96,241 227,302 179,137
Other income (expense)        
Gain on sale of real estate, net 24,151   25,618 7,413
Debt refinancing costs   (751)   (14,380)
Other 2,002 3,367 534 5,134
Total other income (expense) 26,153 2,616 26,152 (1,833)
Income before income tax 113,580 73,182 205,798 142,234
Income tax (expense) benefit (1,563) 614 (2,738) (253)
Net income 112,017 73,796 203,060 141,981
Net income attributable to non-controlling interests (450) (381) (892) (596)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 111,567 $ 73,415 $ 202,168 $ 141,385
Earnings per common share — basic and diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.30 $ 0.21 $ 0.55 $ 0.42
Weighted average shares outstanding - basic 364,897 349,856 364,889 335,456
Weighted average shares outstanding - diluted 365,541 350,319 365,442 335,871
Dividends declared per common share $ 0.25 $ 0.24 $ 0.50 $ 0.48