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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, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Rent billed $ 124,361 $ 118,238 $ 343,841 $ 369,076
Straight-line rent 31,026 18,293 76,813 49,157
Income from direct financing leases 17,502 18,998 52,168 55,613
Interest and other income 51,867 41,467 124,937 130,098
Total revenues 224,756 196,996 597,759 603,944
Expenses        
Interest 64,519 57,215 167,396 172,364
Real estate depreciation and amortization 40,833 29,949 108,161 100,217
Property-related 4,038 2,719 15,394 6,823
General and administrative 23,286 20,982 69,009 58,352
Acquisition costs   506   917
Total expenses 132,676 111,371 359,960 338,673
Other income (expense)        
Gain on sale of real estate and other, net 209 647,204 62 672,822
Earnings from equity interests 3,474 3,116 11,635 10,542
Unutilized financing fees (3,959)   (4,873)  
Other (2,282) 2,595 (1,497) (4,297)
Total other income (2,558) 652,915 5,327 679,067
Income before income tax 89,522 738,540 243,126 944,338
Income tax benefit (expense) 745 (2,064) 3,352 (4,802)
Net income 90,267 736,476 246,478 939,536
Net income attributable to non-controlling interests (481) (442) (1,432) (1,334)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 89,786 $ 736,034 $ 245,046 $ 938,202
Earnings per common share (unit) — basic        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.20 $ 2.01 $ 0.60 $ 2.56
Earnings per common share (unit) — diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.20 $ 2.00 $ 0.60 $ 2.56
Weighted average shares (units) outstanding — basic 439,581 365,024 404,902 364,934
Weighted average shares (units) outstanding — diluted 440,933 366,467 406,100 365,784
Dividends declared per common share (unit) $ 0.26 $ 0.25 $ 0.76 $ 0.75
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 124,361 $ 118,238 $ 343,841 $ 369,076
Straight-line rent 31,026 18,293 76,813 49,157
Income from direct financing leases 17,502 18,998 52,168 55,613
Interest and other income 51,867 41,467 124,937 130,098
Total revenues 224,756 196,996 597,759 603,944
Expenses        
Interest 64,519 57,215 167,396 172,364
Real estate depreciation and amortization 40,833 29,949 108,161 100,217
Property-related 4,038 2,719 15,394 6,823
General and administrative 23,286 20,982 69,009 58,352
Acquisition costs   506   917
Total expenses 132,676 111,371 359,960 338,673
Other income (expense)        
Gain on sale of real estate and other, net 209 647,204 62 672,822
Earnings from equity interests 3,474 3,116 11,635 10,542
Unutilized financing fees (3,959)   (4,873)  
Other (2,282) 2,595 (1,497) (4,297)
Total other income (2,558) 652,915 5,327 679,067
Income before income tax 89,522 738,540 243,126 944,338
Income tax benefit (expense) 745 (2,064) 3,352 (4,802)
Net income 90,267 736,476 246,478 939,536
Net income attributable to non-controlling interests (481) (442) (1,432) (1,334)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 89,786 $ 736,034 $ 245,046 $ 938,202
Earnings per common share (unit) — basic        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.20 $ 2.01 $ 0.60 $ 2.56
Earnings per common share (unit) — diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.20 $ 2.00 $ 0.60 $ 2.56
Weighted average shares (units) outstanding — basic 439,581 365,024 404,902 364,934
Weighted average shares (units) outstanding — diluted 440,933 366,467 406,100 365,784
Dividends declared per common share (unit) $ 0.26 $ 0.25 $ 0.76 $ 0.75