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Consolidated Statements of Net Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Rent billed $ 931,942 $ 741,311 $ 474,151
Straight-line rent 241,433 158,881 110,456
Income from financing leases 202,599 206,550 119,617
Interest and other income 168,695 142,496 149,973
Total revenues 1,544,669 1,249,238 854,197
Expenses      
Interest 367,393 328,728 237,830
Real estate depreciation and amortization 321,249 264,245 152,313
Property-related 39,098 24,890 23,992
General and administrative 145,638 131,663 96,411
Total expenses 873,378 749,526 510,546
Other income (expense)      
Gain (loss) on sale of real estate 52,471 (2,833) 41,560
Real estate impairment charges   (19,006) (21,031)
Earnings from equity interests 28,488 20,417 16,051
Debt refinancing and unutilized financing costs (27,650) (28,180) (6,106)
Other (including mark-to-market adjustments on equity securities) 6,288 (6,782) (345)
Total other income (expense) 59,597 (36,384) 30,129
Income before income tax 730,888 463,328 373,780
Income tax (expense) benefit (73,948) (31,056) 2,621
Net income 656,940 432,272 376,401
Net income attributable to non-controlling interests (919) (822) (1,717)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 656,021 $ 431,450 $ 374,684
Earnings per common share — basic and diluted      
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 1.11 $ 0.81 $ 0.87
Weighted average shares (units) outstanding basic 588,817 529,239 427,075
Weighted average shares (units) outstanding diluted 590,139 530,461 428,299
MPT Operating Partnership, L.P. [Member]      
Revenues      
Rent billed $ 931,942 $ 741,311 $ 474,151
Straight-line rent 241,433 158,881 110,456
Income from financing leases 202,599 206,550 119,617
Interest and other income 168,695 142,496 149,973
Total revenues 1,544,669 1,249,238 854,197
Expenses      
Interest 367,393 328,728 237,830
Real estate depreciation and amortization 321,249 264,245 152,313
Property-related 39,098 24,890 23,992
General and administrative 145,638 131,663 96,411
Total expenses 873,378 749,526 510,546
Other income (expense)      
Gain (loss) on sale of real estate 52,471 (2,833) 41,560
Real estate impairment charges   (19,006) (21,031)
Earnings from equity interests 28,488 20,417 16,051
Debt refinancing and unutilized financing costs (27,650) (28,180) (6,106)
Other (including mark-to-market adjustments on equity securities) 6,288 (6,782) (345)
Total other income (expense) 59,597 (36,384) 30,129
Income before income tax 730,888 463,328 373,780
Income tax (expense) benefit (73,948) (31,056) 2,621
Net income 656,940 432,272 376,401
Net income attributable to non-controlling interests (919) (822) (1,717)
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 656,021 $ 431,450 $ 374,684
Earnings per common share — basic and diluted      
Net income attributable to MPT common stockholders (Operating Partnership partners) $ 1.11 $ 0.81 $ 0.87
Weighted average shares (units) outstanding basic 588,817 529,239 427,075
Weighted average shares (units) outstanding diluted 590,139 530,461 428,299