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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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Rent billed $ 173,557 $ 110,882 $ 345,324 $ 219,480
Straight-line rent 21,151 25,136 52,572 45,787
Income from financing leases 52,489 17,386 104,925 34,666
Interest and other income 44,645 39,145 83,153 73,070
Total revenues 291,842 192,549 585,974 373,003
Expenses        
Interest 80,376 52,326 161,275 102,877
Real estate depreciation and amortization 61,463 33,976 122,384 67,328
Property-related 9,985 8,290 15,557 11,356
General and administrative 32,018 22,272 65,403 45,723
Total expenses 183,842 116,864 364,619 227,284
Other income (expense)        
Loss on sale of real estate (3,101) (147) (1,776) (147)
Real estate impairment charges     (19,006)  
Earnings from equity interests 5,291 4,441 9,370 8,161
Unutilized financing fees   (914) (611) (914)
Other (including mark-to-market adjustments on equity securities) 4,291 581 (9,684) 785
Total other income (expense) 6,481 3,961 (21,707) 7,885
Income before income tax 114,481 79,646 199,648 153,604
Income tax (expense) benefit (4,829) 274 (8,839) 2,607
Net income 109,652 79,920 190,809 156,211
Net income attributable to non-controlling interests (184) (482) (349) (951)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 109,468 $ 79,438 $ 190,460 $ 155,260
Earnings per common share (units) basic and diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.20 $ 0.36 $ 0.40
Weighted average shares (units) outstanding basic 527,781 394,574 524,428 387,563
Weighted average shares (units) outstanding diluted 528,880 395,692 525,530 388,683
Dividends declared per common share (unit) $ 0.27 $ 0.25 $ 0.54 $ 0.50
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 173,557 $ 110,882 $ 345,324 $ 219,480
Straight-line rent 21,151 25,136 52,572 45,787
Income from financing leases 52,489 17,386 104,925 34,666
Interest and other income 44,645 39,145 83,153 73,070
Total revenues 291,842 192,549 585,974 373,003
Expenses        
Interest 80,376 52,326 161,275 102,877
Real estate depreciation and amortization 61,463 33,976 122,384 67,328
Property-related 9,985 8,290 15,557 11,356
General and administrative 32,018 22,272 65,403 45,723
Total expenses 183,842 116,864 364,619 227,284
Other income (expense)        
Loss on sale of real estate (3,101) (147) (1,776) (147)
Real estate impairment charges     (19,006)  
Earnings from equity interests 5,291 4,441 9,370 8,161
Unutilized financing fees   (914) (611) (914)
Other (including mark-to-market adjustments on equity securities) 4,291 581 (9,684) 785
Total other income (expense) 6,481 3,961 (21,707) 7,885
Income before income tax 114,481 79,646 199,648 153,604
Income tax (expense) benefit (4,829) 274 (8,839) 2,607
Net income 109,652 79,920 190,809 156,211
Net income attributable to non-controlling interests (184) (482) (349) (951)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 109,468 $ 79,438 $ 190,460 $ 155,260
Earnings per common share (units) basic and diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.21 $ 0.20 $ 0.36 $ 0.40
Weighted average shares (units) outstanding basic 527,781 394,574 524,428 387,563
Weighted average shares (units) outstanding diluted 528,880 395,692 525,530 388,683
Dividends declared per common share (unit) $ 0.27 $ 0.25 $ 0.54 $ 0.50