XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Rent billed $ 192,953 $ 124,361 $ 538,277 $ 343,841
Straight-line rent 51,125 31,026 103,697 76,813
Income from financing leases 52,544 32,587 157,469 67,253
Interest and other income 32,836 36,782 115,989 109,852
Total revenues 329,458 224,756 915,432 597,759
Expenses        
Interest 82,263 64,519 243,538 167,396
Real estate depreciation and amortization 69,665 40,833 192,049 108,161
Property-related 5,897 4,038 19,178 15,394
General and administrative 31,718 23,286 97,121 69,009
Total expenses 189,543 132,676 551,886 359,960
Other income (expense)        
(Loss) gain on sale of real estate (927) 209 (2,703) 62
Real estate impairment charges     (19,006)  
Earnings from equity interests 5,893 3,474 15,263 11,635
Unutilized financing fees   (3,959) (611) (4,873)
Other (including mark-to-market adjustments on equity securities) 2,461 (2,282) (9,499) (1,497)
Total other income (expense) 7,427 (2,558) (16,556) 5,327
Income before income tax 147,342 89,522 346,990 243,126
Income tax (expense) benefit (15,985) 745 (24,824) 3,352
Net income 131,357 90,267 322,166 246,478
Net income attributable to non-controlling interests (251) (481) (600) (1,432)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 131,106 $ 89,786 $ 321,566 $ 245,046
Earnings per common share (units) basic and diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.25 $ 0.20 $ 0.61 $ 0.60
Weighted average shares (units) outstanding basic 531,095 439,581 526,651 404,902
Weighted average shares (units) outstanding diluted 532,436 440,933 527,832 406,100
Dividends declared per common share (unit) $ 0.27 $ 0.26 $ 0.81 $ 0.76
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 192,953 $ 124,361 $ 538,277 $ 343,841
Straight-line rent 51,125 31,026 103,697 76,813
Income from financing leases 52,544 32,587 157,469 67,253
Interest and other income 32,836 36,782 115,989 109,852
Total revenues 329,458 224,756 915,432 597,759
Expenses        
Interest 82,263 64,519 243,538 167,396
Real estate depreciation and amortization 69,665 40,833 192,049 108,161
Property-related 5,897 4,038 19,178 15,394
General and administrative 31,718 23,286 97,121 69,009
Total expenses 189,543 132,676 551,886 359,960
Other income (expense)        
(Loss) gain on sale of real estate (927) 209 (2,703) 62
Real estate impairment charges     (19,006)  
Earnings from equity interests 5,893 3,474 15,263 11,635
Unutilized financing fees   (3,959) (611) (4,873)
Other (including mark-to-market adjustments on equity securities) 2,461 (2,282) (9,499) (1,497)
Total other income (expense) 7,427 (2,558) (16,556) 5,327
Income before income tax 147,342 89,522 346,990 243,126
Income tax (expense) benefit (15,985) 745 (24,824) 3,352
Net income 131,357 90,267 322,166 246,478
Net income attributable to non-controlling interests (251) (481) (600) (1,432)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 131,106 $ 89,786 $ 321,566 $ 245,046
Earnings per common share (units) basic and diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.25 $ 0.20 $ 0.61 $ 0.60
Weighted average shares (units) outstanding basic 531,095 439,581 526,651 404,902
Weighted average shares (units) outstanding diluted 532,436 440,933 527,832 406,100
Dividends declared per common share (unit) $ 0.27 $ 0.26 $ 0.81 $ 0.76