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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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Rent billed $ 216,870 $ 173,557 $ 430,214 $ 345,324
Straight-line rent 55,465 21,151 110,338 52,572
Income from financing leases 50,337 52,489 101,231 104,925
Interest and other income 59,120 44,645 102,774 83,153
Total revenues 381,792 291,842 744,557 585,974
Expenses        
Interest 92,305 80,376 179,277 161,275
Real estate depreciation and amortization 76,369 61,463 152,011 122,384
Property-related 18,684 7,869 24,137 13,281
General and administrative 34,545 32,018 70,618 65,403
Total expenses 221,903 181,726 426,043 362,343
Other income (expense)        
Gain (loss) on sale of real estate (1,387) (3,101) (398) (1,776)
Real estate impairment charges       (19,006)
Earnings from equity interests 7,339 5,291 14,440 9,370
Debt refinancing and unutilized financing costs (70)   (2,339) (611)
Other (including mark-to-market adjustments on equity securities) (771) 2,175 7,023 (11,960)
Total other income (expense) 5,111 4,365 18,726 (23,983)
Income before income tax 165,000 114,481 337,240 199,648
Income tax expense (50,179) (4,829) (58,539) (8,839)
Net income 114,821 109,652 278,701 190,809
Net income attributable to non-controlling interests (256) (184) (353) (349)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 114,565 $ 109,468 $ 278,348 $ 190,460
Earnings per common share (units) basic and diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.19 $ 0.21 $ 0.48 $ 0.36
Weighted average shares (units) outstanding basic 587,514 527,781 581,877 524,428
Weighted average shares (units) outstanding diluted 589,053 528,880 583,297 525,530
Dividends declared per common share (unit) $ 0.28 $ 0.27 $ 0.56 $ 0.54
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 216,870 $ 173,557 $ 430,214 $ 345,324
Straight-line rent 55,465 21,151 110,338 52,572
Income from financing leases 50,337 52,489 101,231 104,925
Interest and other income 59,120 44,645 102,774 83,153
Total revenues 381,792 291,842 744,557 585,974
Expenses        
Interest 92,305 80,376 179,277 161,275
Real estate depreciation and amortization 76,369 61,463 152,011 122,384
Property-related 18,684 7,869 24,137 13,281
General and administrative 34,545 32,018 70,618 65,403
Total expenses 221,903 181,726 426,043 362,343
Other income (expense)        
Gain (loss) on sale of real estate (1,387) (3,101) (398) (1,776)
Real estate impairment charges       (19,006)
Earnings from equity interests 7,339 5,291 14,440 9,370
Debt refinancing and unutilized financing costs (70)   (2,339) (611)
Other (including mark-to-market adjustments on equity securities) (771) 2,175 7,023 (11,960)
Total other income (expense) 5,111 4,365 18,726 (23,983)
Income before income tax 165,000 114,481 337,240 199,648
Income tax expense (50,179) (4,829) (58,539) (8,839)
Net income 114,821 109,652 278,701 190,809
Net income attributable to non-controlling interests (256) (184) (353) (349)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 114,565 $ 109,468 $ 278,348 $ 190,460
Earnings per common share (units) basic and diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.19 $ 0.21 $ 0.48 $ 0.36
Weighted average shares (units) outstanding basic 587,514 527,781 581,877 524,428
Weighted average shares (units) outstanding diluted 589,053 528,880 583,297 525,530
Dividends declared per common share (unit) $ 0.28 $ 0.27 $ 0.56 $ 0.54