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Condensed Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Rent billed $ 213,344 $ 171,767
Straight-line rent 54,873 31,421
Income from financing leases 50,894 52,436
Interest and other income 43,654 38,508
Total revenues 362,765 294,132
Expenses    
Interest 86,972 80,899
Real estate depreciation and amortization 75,642 60,921
Property-related 5,453 5,412
General and administrative 36,073 33,385
Total expenses 204,140 180,617
Other income (expense)    
Gain on sale of real estate 989 1,325
Real estate impairment charges   (19,006)
Earnings from equity interests 7,101 4,079
Debt refinancing and unutilized financing costs (2,269) (611)
Other (including mark-to-market adjustments on equity securities) 7,794 (14,135)
Total other income (expense) 13,615 (28,348)
Income before income tax 172,240 85,167
Income tax expense (8,360) (4,010)
Net income 163,880 81,157
Net income attributable to non-controlling interests (97) (165)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 163,783 $ 80,992
Earnings per common share (units) basic and diluted    
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.28 $ 0.15
Weighted average shares (units) outstanding basic 576,240 521,076
Weighted average shares (units) outstanding diluted 577,541 522,179
Dividends declared per common share (unit) $ 0.28 $ 0.27
MPT Operating Partnership, L.P. [Member]    
Revenues    
Rent billed $ 213,344 $ 171,767
Straight-line rent 54,873 31,421
Income from financing leases 50,894 52,436
Interest and other income 43,654 38,508
Total revenues 362,765 294,132
Expenses    
Interest 86,972 80,899
Real estate depreciation and amortization 75,642 60,921
Property-related 5,453 5,412
General and administrative 36,073 33,385
Total expenses 204,140 180,617
Other income (expense)    
Gain on sale of real estate 989 1,325
Real estate impairment charges   (19,006)
Earnings from equity interests 7,101 4,079
Debt refinancing and unutilized financing costs (2,269) (611)
Other (including mark-to-market adjustments on equity securities) 7,794 (14,135)
Total other income (expense) 13,615 (28,348)
Income before income tax 172,240 85,167
Income tax expense (8,360) (4,010)
Net income 163,880 81,157
Net income attributable to non-controlling interests (97) (165)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 163,783 $ 80,992
Earnings per common share (units) basic and diluted    
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.28 $ 0.15
Weighted average shares (units) outstanding basic 576,240 521,076
Weighted average shares (units) outstanding diluted 577,541 522,179
Dividends declared per common share (unit) $ 0.28 $ 0.27