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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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Rent billed $ 242,211 $ 192,953 $ 672,425 $ 538,277
Straight-line rent 64,637 51,125 174,975 103,697
Income from financing leases 50,667 52,544 151,898 157,469
Interest and other income 33,264 32,836 136,038 115,989
Total revenues 390,779 329,458 1,135,336 915,432
Expenses        
Interest 94,132 82,263 273,409 243,538
Real estate depreciation and amortization 85,039 69,665 237,050 192,049
Property-related 7,128 5,897 31,265 19,178
General and administrative 36,694 31,718 107,312 97,121
Total expenses 222,993 189,543 649,036 551,886
Other income (expense)        
Gain (loss) on sale of real estate 9,294 (927) 8,896 (2,703)
Real estate impairment charges       (19,006)
Earnings from equity interests 7,193 5,893 21,633 15,263
Debt refinancing and unutilized financing costs     (2,339) (611)
Other (including mark-to-market adjustments on equity securities) (2,276) 2,461 4,747 (9,499)
Total other income (expense) 14,211 7,427 32,937 (16,556)
Income before income tax 181,997 147,342 519,237 346,990
Income tax expense (10,602) (15,985) (69,141) (24,824)
Net income 171,395 131,357 450,096 322,166
Net income attributable to non-controlling interests (258) (251) (611) (600)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 171,137 $ 131,106 $ 449,485 $ 321,566
Earnings per common share (units) basic and diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.29 $ 0.25 $ 0.76 $ 0.61
Weighted average shares (units) outstanding basic 595,119 531,095 586,291 526,651
Weighted average shares (units) outstanding diluted 597,320 532,436 587,971 527,832
Dividends declared per common share (unit) $ 0.28 $ 0.27 $ 0.84 $ 0.81
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 242,211 $ 192,953 $ 672,425 $ 538,277
Straight-line rent 64,637 51,125 174,975 103,697
Income from financing leases 50,667 52,544 151,898 157,469
Interest and other income 33,264 32,836 136,038 115,989
Total revenues 390,779 329,458 1,135,336 915,432
Expenses        
Interest 94,132 82,263 273,409 243,538
Real estate depreciation and amortization 85,039 69,665 237,050 192,049
Property-related 7,128 5,897 31,265 19,178
General and administrative 36,694 31,718 107,312 97,121
Total expenses 222,993 189,543 649,036 551,886
Other income (expense)        
Gain (loss) on sale of real estate 9,294 (927) 8,896 (2,703)
Real estate impairment charges       (19,006)
Earnings from equity interests 7,193 5,893 21,633 15,263
Debt refinancing and unutilized financing costs     (2,339) (611)
Other (including mark-to-market adjustments on equity securities) (2,276) 2,461 4,747 (9,499)
Total other income (expense) 14,211 7,427 32,937 (16,556)
Income before income tax 181,997 147,342 519,237 346,990
Income tax expense (10,602) (15,985) (69,141) (24,824)
Net income 171,395 131,357 450,096 322,166
Net income attributable to non-controlling interests (258) (251) (611) (600)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 171,137 $ 131,106 $ 449,485 $ 321,566
Earnings per common share (units) basic and diluted        
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 0.29 $ 0.25 $ 0.76 $ 0.61
Weighted average shares (units) outstanding basic 595,119 531,095 586,291 526,651
Weighted average shares (units) outstanding diluted 597,320 532,436 587,971 527,832
Dividends declared per common share (unit) $ 0.28 $ 0.27 $ 0.84 $ 0.81