v3.26.1
Condensed Consolidated Statements of Equity / Capital - USD ($)
shares in Thousands, $ in Thousands
Total
MPT Operating Partnership, L.P. [Member]
MPT Operating Partnership, L.P. [Member]
General Partner [Member]
MPT Operating Partnership, L.P. [Member]
Limited Partner [Member]
Common Par Value [Member]
Additional Paid-in Capital [Member]
Retained Deficit [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
MPT Operating Partnership, L.P. [Member]
Non-Controlling Interests [Member]
Non-Controlling Interests [Member]
MPT Operating Partnership, L.P. [Member]
Beginning balance at Dec. 31, 2024 $ 4,833,783 $ 4,834,173 $ 49,348 $ 4,878,043 $ 600 $ 8,584,917 $ (3,658,516) $ (94,272) $ (94,272) $ 1,054 $ 1,054
Beginning balance (in shares) at Dec. 31, 2024     6,006 594,397 600,403            
Net (loss) income (118,016) (118,016) $ (1,183) $ (117,092)     (118,275)     259 259
Unrealized (loss) gain on interest rate hedges, net of tax (4,015) (4,015)           (4,015) (4,015)    
Foreign currency translation gain (loss) 93,467 93,467           93,467 93,467    
Stock (Unit) vesting and amortization of stock (unit)-based compensation 5,794 5,794 $ 58 $ 5,736   5,794          
Stock (Unit) vesting and amortization of stock (unit)-based compensation (shares)     3 264 267            
Stock (Unit) vesting - satisfaction of tax withholding (289) (289) $ (3) $ (286)   (289)          
Stock (Unit) vesting - satisfaction of tax withholding (shares)     (1) (74) (75)            
Distributions to non-controlling interests (259) (259)               (259) (259)
Dividends (Distributions) declared (48,387) (48,387) $ (484) $ (47,903)     (48,387)        
Ending balance at Mar. 31, 2025 4,762,078 4,762,468 $ 47,736 $ 4,718,498 $ 600 8,590,422 (3,825,178) (4,820) (4,820) 1,054 1,054
Ending balance (in shares) at Mar. 31, 2025     6,008 594,587 600,595            
Beginning balance at Dec. 31, 2024 4,833,783 4,834,173 $ 49,348 $ 4,878,043 $ 600 8,584,917 (3,658,516) (94,272) (94,272) 1,054 1,054
Beginning balance (in shares) at Dec. 31, 2024     6,006 594,397 600,403            
Net (loss) income (216,084) (216,084)                  
Unrealized (loss) gain on interest rate hedges, net of tax (4,208) (4,208)                  
Foreign currency translation gain (loss) 304,248 304,248                  
Ending balance at Jun. 30, 2025 4,833,810 4,834,200 $ 46,346 $ 4,581,032 $ 601 8,598,211 (3,971,824) 205,768 205,768 1,054 1,054
Ending balance (in shares) at Jun. 30, 2025     6,010 594,804 600,814            
Beginning balance at Mar. 31, 2025 4,762,078 4,762,468 $ 47,736 $ 4,718,498 $ 600 8,590,422 (3,825,178) (4,820) (4,820) 1,054 1,054
Beginning balance (in shares) at Mar. 31, 2025     6,008 594,587 600,595            
Net (loss) income (98,068) (98,068) $ (984) $ (97,373)     (98,357)     289 289
Unrealized (loss) gain on interest rate hedges, net of tax (193) (193)           (193) (193)    
Foreign currency translation gain (loss) 210,781 210,781           210,781 210,781    
Offering costs (101) (101) (1) (100)   (101)          
Stock (Unit) vesting and amortization of stock (unit)-based compensation 8,347 8,347 $ 83 $ 8,264 $ 1 8,346          
Stock (Unit) vesting and amortization of stock (unit)-based compensation (shares)     3 303 306            
Stock (Unit) vesting - satisfaction of tax withholding (456) (456) $ (5) $ (451)   (456)          
Stock (Unit) vesting - satisfaction of tax withholding (shares)     (1) (86) (87)            
Distributions to non-controlling interests (289) (289)               (289) (289)
Dividends (Distributions) declared (48,289) (48,289) $ (483) $ (47,806)     (48,289)        
Ending balance at Jun. 30, 2025 4,833,810 4,834,200 $ 46,346 $ 4,581,032 $ 601 8,598,211 (3,971,824) 205,768 205,768 1,054 1,054
Ending balance (in shares) at Jun. 30, 2025     6,010 594,804 600,814            
Beginning balance at Dec. 31, 2025 4,607,249 4,607,639 $ 44,457 $ 4,393,915 $ 597 8,573,396 (4,136,011) 168,213 168,213 1,054 1,054
Beginning balance (in shares) at Dec. 31, 2025     5,972 591,036 597,008            
Net (loss) income 33,107 33,107 $ 328 $ 32,499     32,827     280 280
Foreign currency translation gain (loss) (44,513) (44,513)           (44,513) (44,513)    
Offering costs (39) (39)   (39)   (39)          
Stock (Unit) vesting and amortization of stock (unit)-based compensation 6,282 6,282 $ 63 $ 6,219 $ 1 6,281          
Stock (Unit) vesting and amortization of stock (unit)-based compensation (shares)     11 1,052 1,063            
Stock (Unit) vesting - satisfaction of tax withholding (1,792) (1,792) $ (18) $ (1,774)   (1,792)          
Stock (Unit) vesting - satisfaction of tax withholding (shares)     (4) (352) (356)            
Distributions to non-controlling interests (280) (280)               (280) (280)
Dividends (Distributions) declared (54,255) (54,255) $ (543) $ (53,712)     (54,255)        
Ending balance at Mar. 31, 2026 4,545,759 4,546,149 $ 44,287 $ 4,377,108 $ 598 8,577,846 (4,157,439) 123,700 123,700 1,054 1,054
Ending balance (in shares) at Mar. 31, 2026     5,979 591,736 597,715            
Beginning balance at Dec. 31, 2025 4,607,249 4,607,639 $ 44,457 $ 4,393,915 $ 597 8,573,396 (4,136,011) 168,213 168,213 1,054 1,054
Beginning balance (in shares) at Dec. 31, 2025     5,972 591,036 597,008            
Net (loss) income 30,819 30,819                  
Unrealized (loss) gain on interest rate hedges, net of tax 0 0                  
Foreign currency translation gain (loss) (33,251) (33,251)                  
Repurchase of units (shares)         (1,300)            
Repurchase of units (6,100)                    
Ending balance at Jun. 30, 2026 4,499,903 4,500,293 $ 43,716 $ 4,320,561 $ 597 8,577,506 (4,214,216) 134,962 134,962 1,054 1,054
Ending balance (in shares) at Jun. 30, 2026     5,969 590,817 596,786            
Beginning balance at Mar. 31, 2026 4,545,759 4,546,149 $ 44,287 $ 4,377,108 $ 598 8,577,846 (4,157,439) 123,700 123,700 1,054 1,054
Beginning balance (in shares) at Mar. 31, 2026     5,979 591,736 597,715            
Net (loss) income (2,288) (2,288) $ (26) $ (2,569)     (2,595)     307 307
Unrealized (loss) gain on interest rate hedges, net of tax 0 0                  
Foreign currency translation gain (loss) 11,262 11,262           11,262 11,262    
Offering costs (137) (137) (1) (136)   (137)          
Stock (Unit) vesting and amortization of stock (unit)-based compensation 6,903 6,903 $ 69 $ 6,834   6,903          
Stock (Unit) vesting and amortization of stock (unit)-based compensation (shares)     6 575 581            
Repurchase of units (shares)     (13) (1,286) (1,299)            
Repurchase of units (6,123) (6,123) $ (61) $ (6,062) $ (1) (6,122)          
Stock (Unit) vesting - satisfaction of tax withholding (984) (984) $ (10) $ (974)   (984)          
Stock (Unit) vesting - satisfaction of tax withholding (shares)     (3) (208) (211)            
Distributions to non-controlling interests (307) (307)               (307) (307)
Dividends (Distributions) declared (54,182) (54,182) $ (542) $ 53,640     (54,182)        
Ending balance at Jun. 30, 2026 $ 4,499,903 $ 4,500,293 $ 43,716 $ 4,320,561 $ 597 $ 8,577,506 $ (4,214,216) $ 134,962 $ 134,962 $ 1,054 $ 1,054
Ending balance (in shares) at Jun. 30, 2026     5,969 590,817 596,786