Condensed Consolidated Statements of Net Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Revenues |
|
|
|
|
| Rent billed |
$ 82,387
|
$ 70,358
|
$ 234,408
|
$ 177,351
|
| Straight-line rent |
9,741
|
5,023
|
26,509
|
15,003
|
| Income from direct financing leases |
14,678
|
14,692
|
47,181
|
40,055
|
| Interest and fee income |
19,749
|
24,497
|
79,756
|
77,924
|
| Total revenues |
126,555
|
114,570
|
387,854
|
310,333
|
| Expenses |
|
|
|
|
| Real estate depreciation and amortization |
23,876
|
20,016
|
67,850
|
49,728
|
| Impairment charges |
(80)
|
|
7,295
|
|
| Property-related |
(93)
|
1,727
|
1,592
|
2,608
|
| Acquisition expenses |
2,677
|
24,949
|
6,379
|
56,997
|
| General and administrative |
12,305
|
10,778
|
35,821
|
32,325
|
| Total operating expenses |
38,685
|
57,470
|
118,937
|
141,658
|
| Operating income |
87,870
|
57,100
|
268,917
|
168,675
|
| Other income (expense) |
|
|
|
|
| Interest expense |
(40,262)
|
(31,643)
|
(121,132)
|
(84,961)
|
| Gain on sale of real estate and other asset dispositions, net |
44,616
|
3,268
|
61,294
|
3,268
|
| Unutilized financing fees / debt refinancing costs |
(22,535)
|
(4,080)
|
(22,539)
|
(4,319)
|
| Earnings (loss) from equity and other interests |
1,245
|
476
|
(2,556)
|
2,432
|
| Other income (expense) |
99
|
(1,918)
|
(118)
|
(2,488)
|
| Income tax expense |
(490)
|
(80)
|
(1,173)
|
(1,018)
|
| Net other expense |
(17,327)
|
(33,977)
|
(86,224)
|
(87,086)
|
| Income from continuing operations |
70,543
|
23,123
|
182,693
|
81,589
|
| Loss from discontinued operations |
|
|
(1)
|
|
| Net income |
70,543
|
23,123
|
182,692
|
81,589
|
| Net income attributable to non-controlling interests |
(185)
|
(66)
|
(683)
|
(228)
|
| Net income attributable to MPT common stockholders |
$ 70,358
|
$ 23,057
|
$ 182,009
|
$ 81,361
|
| Earnings per common share - basic |
|
|
|
|
| Income from continuing operations attributable to MPT common stockholders |
$ 0.29
|
$ 0.10
|
$ 0.75
|
$ 0.38
|
| Loss from discontinued operations attributable to MPT common stockholders |
0
|
0
|
0
|
0
|
| Net income attributable to MPT common stockholders |
$ 0.29
|
$ 0.10
|
$ 0.75
|
$ 0.38
|
| Weighted average shares outstanding - basic |
246,230
|
223,948
|
240,607
|
211,659
|
| Earnings per common share - diluted |
|
|
|
|
| Income from continuing operations attributable to MPT common stockholders |
$ 0.28
|
$ 0.10
|
$ 0.75
|
$ 0.38
|
| Loss from discontinued operations attributable to MPT common stockholders |
0
|
0
|
0
|
0
|
| Net income attributable to MPT common stockholders |
$ 0.28
|
$ 0.10
|
$ 0.75
|
$ 0.38
|
| Weighted average shares outstanding - diluted |
247,468
|
223,948
|
241,432
|
212,068
|
| Dividends declared per common share |
$ 0.23
|
$ 0.22
|
$ 0.68
|
$ 0.66
|
| MPT Operating Partnership, L.P. [Member] |
|
|
|
|
| Revenues |
|
|
|
|
| Rent billed |
$ 82,387
|
$ 70,358
|
$ 234,408
|
$ 177,351
|
| Straight-line rent |
9,741
|
5,023
|
26,509
|
15,003
|
| Income from direct financing leases |
14,678
|
14,692
|
47,181
|
40,055
|
| Interest and fee income |
19,749
|
24,497
|
79,756
|
77,924
|
| Total revenues |
126,555
|
114,570
|
387,854
|
310,333
|
| Expenses |
|
|
|
|
| Real estate depreciation and amortization |
23,876
|
20,016
|
67,850
|
49,728
|
| Impairment charges |
(80)
|
|
7,295
|
|
| Property-related |
(93)
|
1,727
|
1,592
|
2,608
|
| Acquisition expenses |
2,677
|
24,949
|
6,379
|
56,997
|
| General and administrative |
12,305
|
10,778
|
35,821
|
32,325
|
| Total operating expenses |
38,685
|
57,470
|
118,937
|
141,658
|
| Operating income |
87,870
|
57,100
|
268,917
|
168,675
|
| Other income (expense) |
|
|
|
|
| Interest expense |
(40,262)
|
(31,643)
|
(121,132)
|
(84,961)
|
| Gain on sale of real estate and other asset dispositions, net |
44,616
|
3,268
|
61,294
|
3,268
|
| Unutilized financing fees / debt refinancing costs |
(22,535)
|
(4,080)
|
(22,539)
|
(4,319)
|
| Earnings (loss) from equity and other interests |
1,245
|
476
|
(2,556)
|
2,432
|
| Other income (expense) |
99
|
(1,918)
|
(118)
|
(2,488)
|
| Income tax expense |
(490)
|
(80)
|
(1,173)
|
(1,018)
|
| Net other expense |
(17,327)
|
(33,977)
|
(86,224)
|
(87,086)
|
| Income from continuing operations |
70,543
|
23,123
|
182,693
|
81,589
|
| Loss from discontinued operations |
|
|
(1)
|
|
| Net income |
70,543
|
23,123
|
182,692
|
81,589
|
| Net income attributable to non-controlling interests |
(185)
|
(66)
|
(683)
|
(228)
|
| Net income attributable to MPT common stockholders |
$ 70,358
|
$ 23,057
|
$ 182,009
|
$ 81,361
|
| Earnings per common share - basic |
|
|
|
|
| Income from continuing operations attributable to MPT common stockholders |
$ 0.29
|
$ 0.10
|
$ 0.75
|
$ 0.38
|
| Loss from discontinued operations attributable to MPT common stockholders |
0
|
0
|
0
|
0
|
| Net income attributable to MPT common stockholders |
$ 0.29
|
$ 0.10
|
$ 0.75
|
$ 0.38
|
| Weighted average shares outstanding - basic |
246,230
|
223,948
|
240,607
|
211,659
|
| Earnings per common share - diluted |
|
|
|
|
| Income from continuing operations attributable to MPT common stockholders |
$ 0.28
|
$ 0.10
|
$ 0.75
|
$ 0.38
|
| Loss from discontinued operations attributable to MPT common stockholders |
0
|
0
|
0
|
0
|
| Net income attributable to MPT common stockholders |
$ 0.28
|
$ 0.10
|
$ 0.75
|
$ 0.38
|
| Weighted average shares outstanding - diluted |
247,468
|
223,948
|
241,432
|
212,068
|
| Dividends declared per common share |
$ 0.23
|
$ 0.22
|
$ 0.68
|
$ 0.66
|