v3.26.1
Condensed Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Rent billed $ 203,400 $ 177,860 $ 400,920 $ 343,050
Straight-line rent 33,308 39,665 67,504 79,792
Income from financing leases 10,081 9,923 20,145 19,828
Interest and other income 12,494 12,911 22,779 21,488
Total revenues 259,283 240,359 511,348 464,158
Expenses        
Interest 135,262 129,709 268,592 245,510
Real estate depreciation and amortization 69,453 66,717 139,170 131,289
Property-related 11,202 10,863 21,142 17,898
General and administrative 34,771 26,197 66,976 68,108
Total expenses 250,688 233,486 495,880 462,805
Other (expense) income        
Gain on sale of real estate 6,462 5,212 5,672 13,271
Real estate and other impairment charges, net (16,768) (1,421) (35,800) (77,523)
Earnings from equity interests 11,408 25,324 27,147 39,310
Debt refinancing and unutilized financing benefit (costs) 0 181 0 (3,615)
Other (including fair value adjustments on securities) (1,908) (124,434) (4,413) (169,640)
Total other expense (806) (95,138) (7,394) (198,197)
Income (loss) before income tax 7,789 (88,265) 8,074 (196,844)
Income tax benefit (expense) (10,077) (9,803) 22,745 (19,240)
Net income (loss) (2,288) (98,068) 30,819 (216,084)
Net income attributable to non-controlling interests (307) (289) (587) (548)
Net income (loss) attributable to MPT common stockholders $ (2,595) $ (98,357) $ 30,232 $ (216,632)
Earnings per common share (units) basic        
Net income (loss) attributable to MPT common stockholders (Operating Partnership partners), basic $ (0.01) $ (0.16) $ 0.05 $ (0.36)
Earnings per common share (units) diluted        
Net income (loss) attributable to MPT common stockholders (Operating Partnership partners), diluted $ (0.01) $ (0.16) $ 0.05 $ (0.36)
Weighted average shares (units) outstanding basic 597,961 600,814 597,838 600,733
Weighted average shares (units) outstanding diluted 597,961 600,814 597,838 600,733
Dividends declared per common share (unit) $ 0.09 $ 0.08 $ 0.18 $ 0.16
MPT Operating Partnership, L.P. [Member]        
Revenues        
Rent billed $ 203,400 $ 177,860 $ 400,920 $ 343,050
Straight-line rent 33,308 39,665 67,504 79,792
Income from financing leases 10,081 9,923 20,145 19,828
Interest and other income 12,494 12,911 22,779 21,488
Total revenues 259,283 240,359 511,348 464,158
Expenses        
Interest 135,262 129,709 268,592 245,510
Real estate depreciation and amortization 69,453 66,717 139,170 131,289
Property-related 11,202 10,863 21,142 17,898
General and administrative 34,771 26,197 66,976 68,108
Total expenses 250,688 233,486 495,880 462,805
Other (expense) income        
Gain on sale of real estate 6,462 5,212 5,672 13,271
Real estate and other impairment charges, net (16,768) (1,421) (35,800) (77,523)
Earnings from equity interests 11,408 25,324 27,147 39,310
Debt refinancing and unutilized financing benefit (costs) 0 181 0 (3,615)
Other (including fair value adjustments on securities) (1,908) (124,434) (4,413) (169,640)
Total other expense (806) (95,138) (7,394) (198,197)
Income (loss) before income tax 7,789 (88,265) 8,074 (196,844)
Income tax benefit (expense) (10,077) (9,803) 22,745 (19,240)
Net income (loss) (2,288) (98,068) 30,819 (216,084)
Net income attributable to non-controlling interests (307) (289) (587) (548)
Net income (loss) attributable to MPT common stockholders $ (2,595) $ (98,357) $ 30,232 $ (216,632)
Earnings per common share (units) basic        
Net income (loss) attributable to MPT common stockholders (Operating Partnership partners), basic $ (0.01) $ (0.16) $ 0.05 $ (0.36)
Earnings per common share (units) diluted        
Net income (loss) attributable to MPT common stockholders (Operating Partnership partners), diluted $ (0.01) $ (0.16) $ 0.05 $ (0.36)
Weighted average shares (units) outstanding basic 597,961 600,814 597,838 600,733
Weighted average shares (units) outstanding diluted 597,961 600,814 597,838 600,733
Dividends declared per common share (unit) $ 0.09 $ 0.08 $ 0.18 $ 0.16