|
Condensed Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2013
|
Mar. 31, 2012
|
| Revenues |
|
|
| Rent billed |
$ 32,306 |
$ 30,152 |
| Straight-line rent |
2,661 |
1,359 |
| Income from direct financing leases |
8,756 |
1,835 |
| Interest and fee income |
14,717 |
7,921 |
| Total revenues |
58,440 |
41,267 |
| Expenses |
|
|
| Real estate depreciation and amortization |
8,647 |
8,293 |
| Property-related |
415 |
227 |
| General and administrative |
7,818 |
7,592 |
| Acquisition expenses |
191 |
3,425 |
| Total operating expenses |
17,071 |
19,537 |
| Operating income |
41,369 |
21,730 |
| Other income (expense) |
|
|
| Other income (expense) |
(225) |
(15) |
| Earnings from equity and other interests |
492 |
|
| Interest expense |
(15,424) |
(12,796) |
| Net other expense |
(15,157) |
(12,811) |
| Income from continuing operations |
26,212 |
8,919 |
| Income (loss) from discontinued operations |
(2) |
1,687 |
| Net income |
26,210 |
10,606 |
| Net income attributable to non-controlling interests |
(54) |
(42) |
| Net income attributable to MPT common stockholders/MPT Operating Partnership partners |
26,156 |
10,564 |
| Earnings per common share - basic |
|
|
| Income from continuing operations attributable to MPT common stockholders/MPT Operating Partnership partners |
$ 0.19 |
$ 0.07 |
| Income from discontinued operations attributable to MPT common stockholders/MPT Operating Partnership partners |
|
$ 0.01 |
| Net income attributable to MPT common stockholders/MPT Operating Partnership partners |
$ 0.19 |
$ 0.08 |
| Weighted average shares outstanding - basic |
140,347 |
124,906 |
| Earnings per common share - diluted |
|
|
| Income from continuing operations attributable to MPT common stockholders/MPT Operating Partnership partners |
$ 0.18 |
$ 0.07 |
| Income from discontinued operations attributable to MPT common stockholders/MPT Operating Partnership partners |
|
$ 0.01 |
| Net income attributable to MPT common stockholders/MPT Operating Partnership partners |
$ 0.18 |
$ 0.08 |
| Weighted average shares outstanding - diluted |
141,526 |
124,906 |
| Dividends declared per share/unit |
$ 0.20 |
$ 0.20 |
|
MPT Operating Partnership, L.P.
|
|
|
| Revenues |
|
|
| Rent billed |
32,306 |
30,152 |
| Straight-line rent |
2,661 |
1,359 |
| Income from direct financing leases |
8,756 |
1,835 |
| Interest and fee income |
14,717 |
7,921 |
| Total revenues |
58,440 |
41,267 |
| Expenses |
|
|
| Real estate depreciation and amortization |
8,647 |
8,293 |
| Property-related |
415 |
227 |
| General and administrative |
7,818 |
7,592 |
| Acquisition expenses |
191 |
3,425 |
| Total operating expenses |
17,071 |
19,537 |
| Operating income |
41,369 |
21,730 |
| Other income (expense) |
|
|
| Other income (expense) |
(225) |
(15) |
| Earnings from equity and other interests |
492 |
|
| Interest expense |
(15,424) |
(12,796) |
| Net other expense |
(15,157) |
(12,811) |
| Income from continuing operations |
26,212 |
8,919 |
| Income (loss) from discontinued operations |
(2) |
1,687 |
| Net income |
26,210 |
10,606 |
| Net income attributable to non-controlling interests |
(54) |
(42) |
| Net income attributable to MPT common stockholders/MPT Operating Partnership partners |
$ 26,156 |
$ 10,564 |
| Earnings per common share - basic |
|
|
| Income from continuing operations attributable to MPT common stockholders/MPT Operating Partnership partners |
$ 0.19 |
$ 0.07 |
| Income from discontinued operations attributable to MPT common stockholders/MPT Operating Partnership partners |
|
$ 0.01 |
| Net income attributable to MPT common stockholders/MPT Operating Partnership partners |
$ 0.19 |
$ 0.08 |
| Weighted average shares outstanding - basic |
140,347 |
124,906 |
| Earnings per common share - diluted |
|
|
| Income from continuing operations attributable to MPT common stockholders/MPT Operating Partnership partners |
$ 0.18 |
$ 0.07 |
| Income from discontinued operations attributable to MPT common stockholders/MPT Operating Partnership partners |
|
$ 0.01 |
| Net income attributable to MPT common stockholders/MPT Operating Partnership partners |
$ 0.18 |
$ 0.08 |
| Weighted average shares outstanding - diluted |
141,526 |
124,906 |
| Dividends declared per share/unit |
$ 0.20 |
$ 0.20 |