MEDICAL PROPERTIES TRUST, INC. MPW Income Statement

Medical properties trust, inc. (MPW)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Revenues
Rent billed
537,320	474,151	448,108	441,985	453,930	473,343	493,718	486,410	467,030	435,782	404,001	375,458	349,971	327,269	304,661	292,632	268,565	247,604	227,421	205,126	197,161	187,018	175,459	158,940	144,036	132,578	122,804	121,558	121,230	119,883	114,077	111,539	108,485	105,688	93,995	89,707	86,377	80,270	0	0	0
Straight-line rent
121,226	110,456	102,397	89,664	79,601	74,741	68,064	67,276	68,480	65,468	61,119	53,355	45,629	41,067	34,881	30,163	26,864	23,375	17,902	18,161	16,087	13,507	13,002	10,604	10,203	10,706	10,795	10,656	9,203	7,911	5,307	4,205	4,926	5,277	6,094	3,327	1,064	1,165	0	0	0
Income from financing leases
154,773	119,617	70,538	72,034	73,582	73,983	74,801	74,918	74,296	74,495	72,433	67,996	63,236	64,307	65,841	65,855	65,111	58,715	52,424	50,040	49,495	49,155	48,332	47,322	44,289	40,830	38,033	32,508	28,649	21,728	0	0	0	-	-	-	-	-	-	-	-
Interest and other income
154,556	149,973	157,294	146,894	152,817	162,455	172,322	159,885	143,588	129,000	115,514	106,233	103,699	108,494	114,017	118,765	120,376	112,184	94,691	85,318	72,661	62,852	61,313	60,569	59,471	58,409	58,298	57,955	55,389	48,603	39,062	30,254	23,996	21,357	21,775	22,842	24,072	26,589	0	0	0
Total revenues
967,875	854,197	778,337	750,577	759,930	784,522	808,905	788,489	753,394	704,745	653,067	603,042	562,535	541,137	519,400	507,415	480,916	441,878	392,438	358,645	335,404	312,532	298,106	277,435	257,999	242,523	229,930	222,677	214,471	198,125	171,425	153,204	139,242	132,322	121,864	115,876	111,513	108,024	0	0	0
Expenses
Interest
268,178	237,830	218,306	211,002	216,802	223,274	228,820	214,364	195,948	176,954	158,963	156,466	158,257	159,597	156,817	148,198	133,587	120,884	111,900	105,738	103,210	98,156	92,306	82,655	72,934	66,746	61,407	60,623	60,871	58,243	54,080	50,969	48,467	43,810	40,338	36,495	32,665	33,984	0	0	0
Real estate depreciation and amortization
179,882	152,313	141,027	130,143	130,633	133,083	136,329	138,295	133,322	125,106	115,518	107,479	100,818	94,374	87,989	84,129	76,253	69,867	64,180	57,518	55,004	53,938	50,638	45,998	42,199	36,978	33,703	33,297	32,991	32,815	31,900	31,292	30,870	30,147	25,983	24,492	22,343	20,897	0	0	0
Property-related
26,498	23,992	17,808	16,489	10,119	9,237	8,634	7,434	6,667	5,811	5,120	3,508	3,139	2,712	2,776	4,596	4,342	3,792	3,059	2,032	1,464	1,851	2,334	2,092	2,779	2,450	1,966	1,722	1,659	1,477	1,221	1,267	893	724	2,855	3,195	3,910	4,381	0	0	0
General and administrative
106,345	96,411	90,743	88,439	85,719	80,086	73,664	67,693	63,220	58,599	56,377	53,671	50,637	48,911	47,135	45,608	44,205	43,639	43,762	41,656	39,220	37,274	34,738	32,351	31,256	30,063	28,383	29,150	28,736	28,562	28,003	26,688	27,809	27,091	26,406	26,518	27,279	26,509	0	0	0
Acquisition costs
-	-	-	-	-	-	0	0	-	29,645	60,890	56,133	50,094	46,273	10,724	32,996	54,038	61,342	75,453	55,390	32,116	26,389	20,969	20,262	19,815	19,494	7,764	3,995	2,186	5,420	5,112	5,232	5,569	4,184	3,899	3,733	4,001	2,026	0	0	0
Total expenses
580,903	510,546	467,884	446,579	444,190	446,597	457,013	444,280	426,046	396,115	510,705	450,752	402,314	351,867	155,919	174,704	178,838	178,640	186,455	156,597	157,436	169,580	158,806	150,830	116,545	88,985	71,816	68,164	65,572	68,274	65,672	63,915	65,141	62,146	59,707	58,502	57,533	65,813	0	0	0
Operating income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	363,481	332,711	302,078	263,238	205,983	202,048	177,968	142,952	139,300	126,605	141,454	153,538	158,114	154,513	148,899	129,851	105,753	89,289	74,101	70,176	62,157	57,374	53,980	42,211	0	0	0
Other income (expense)
Gain on sale of real estate
0	-	0	0	-	719,392	672,822	25,636	1,485	7,431	7,361	51,959	68,597	61,224	64,562	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate impairment charges
0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	50,128	0	0	0	-	-	-	-	-	-	-	-	-	-	0	-	12,000	0	0	0
Earnings from equity interests
16,410	16,051	15,258	14,900	14,614	14,165	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unutilized financing fees
0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt refinancing and unutilized financing costs
-	-	-	-	-	-	-	-	-	32,574	0	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-
Earnings (losses) from equity and other interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,080	-1,472	0	-	0	0	-	2,559	3,102	2,792	3,282	3,554	3,576	3,612	0	-	0	0	-	-	0	0	-	-	-	-	-
Interest and other (expense) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	1,465	1,475	1,473	0	0	0
Unutilized financing fees/ debt refinancing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,619	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (including mark-to-market adjustments on equity securities)
-14,524	-345	-2,185	2,692	872	-4,071	-12,922	-11,652	-6,132	374	7,498	3,732	-181	-1,619	-303	-2,320	-1,549	-2,674	91	2,084	1,878	2,624	-31	-103	-144	-319	-1,851	-1,877	-1,872	-1,662	0	0	0	-	-	-	-	-	-	-	-
Total other (expense) income
-1,983	30,129	7,739	663,212	685,404	681,479	666,720	13,274	-10,263	-14,711	113,697	96,901	69,712	29,837	-122,449	-139,099	-139,901	-123,311	-109,366	-99,891	-98,503	-92,154	-90,222	-80,798	-70,413	-64,237	-60,028	-58,954	-59,379	-56,981	-52,281	-60,586	-62,714	-58,056	-54,624	-39,274	-37,861	-39,182	0	0	0
Income before income tax
384,989	373,780	318,192	967,210	1,001,144	1,019,404	1,018,612	357,483	317,085	293,919	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax (expense) benefit
3,722	-2,621	-7,227	-4,418	-2,581	927	6,700	5,166	2,989	2,681	-7,220	-7,260	-6,282	-6,830	1,658	1,248	1,447	1,503	1,126	1,295	772	340	697	542	617	726	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	241,032	193,612	162,177	139,927	96,617	102,157	79,465	50,798	49,078	45,807	71,041	89,301	98,086	95,559	89,520	72,870	53,472	28,703	11,387	12,120	7,533	18,100	16,119	3,029	0	0	0
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-2	4,586	4,897	7,271	7,914	9,835	18,167	16,161	17,207	20,741	14,470	15,109	14,594	17,071	15,000	20,530	19,983	0	0	0
Net income
381,267	376,401	325,419	971,628	1,003,725	1,018,477	1,011,912	352,317	314,096	291,238	262,107	255,769	235,897	225,937	241,031	193,611	162,176	139,927	96,617	102,157	79,465	50,796	53,664	50,704	78,312	97,215	107,921	113,726	105,681	90,077	74,213	43,173	26,496	26,714	24,604	33,100	36,649	23,012	0	0	0
Net income attributable to non-controlling interests
1,413	1,717	1,890	1,851	1,819	1,792	1,766	1,741	1,672	1,445	1,219	987	806	889	785	666	548	329	310	370	287	274	249	178	236	224	213	202	189	177	178	177	176	178	166	168	134	99	0	0	0
Net income attributable to MPT common stockholders (Operating Partnership partners)
379,854	374,684	323,529	969,777	1,001,906	1,016,685	1,010,146	350,576	312,424	289,793	260,888	254,782	235,091	225,048	240,246	192,945	161,628	139,598	96,308	101,788	79,178	50,522	53,414	50,525	78,076	96,991	107,708	113,524	105,492	89,900	74,035	42,996	26,320	26,536	24,438	32,932	36,515	22,913	0	0	0
Earnings per common share (units) basic and diluted
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.24	-	-	-	-	-	0.16	-	-	-	-	-	-	-	-	-	-	-	-0.02	0.01	0.08	-	0.08	0.00	-0.05
Loss from discontinued operations attributable to MPT common stockholders (Operating Partnership partners)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to MPT common stockholders (Operating Partnership partners)
0.15	-	-	0.20	0.20	-	-	0.30	0.25	-	-	0.21	0.21	-	-	-	0.24	-	-	-	-	-	0.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share (unit) — basic
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.29	0.23	-	0.25	0.10	0.11	0.18	-	-	-	0.04	0.09	0.16	0.16	0.18	0.16	0.17	0.14	0.07	-	-	-	-	-	-	-	-
Loss from discontinued operations attributable to MPT common stockholders(Operating Partnership partners)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	0.00	0.00	0.00	0.00	-	-	-	0.00	0.03	-0.01	0.02	0.01	0.05	0.06	0.01	0.01	0.09	0.02	0.01	0.01	0.12	0.01	0.06	0.01
Net income attributable to MPT common stockholders (Operating Partnership partners)
-	-	0.20	-	-	-	2.01	-	-	-	0.21	-	-	-	0.29	0.23	-	0.25	0.10	0.11	0.18	-	-	-	0.04	0.11	0.16	0.18	0.19	0.22	0.23	0.14	0.08	0.11	0.01	0.02	0.09	0.12	0.08	0.06	-0.04
Weighted average shares / units outstanding:
Weighted average shares (units) outstanding basic
521,076	493,594	439,581	394,574	380,551	366,653	365,024	364,897	364,882	364,380	364,315	349,856	321,057	319,834	246,230	238,082	237,510	237,011	223,948	208,071	202,958	172,412	171,893	171,718	163,973	161,142	154,758	149,509	140,347	134,922	134,781	134,715	124,906	110,789	110,714	110,589	110,400	213,498	110,046	103	79,176
Earnings per share (unit) — diluted
Income from continuing operations attributable to MPT common stockholders (Operating Partnership partners)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.28	0.22	-	0.25	0.10	0.11	0.17	-	-	-	0.04	0.08	0.16	0.16	0.18	0.44	0.17	-0.14	0.07	-	-	-	-	-	-	-	-
Loss from discontinued operations attributable to MPT common stockholders(Operating Partnership partners)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	0.00	0.00	0.00	0.00	-	-	-	0.00	0.03	0.00	0.02	0.00	0.05	0.06	0.01	0.01	-	-	-	-	-	-	-	-
Net income attributable to MPT common stockholders (Operating Partnership partners)
-	-	0.20	-	-	-	2.00	-	-	-	0.21	-	-	-	0.28	0.22	-	0.25	0.10	0.11	0.17	-	-	-	0.04	0.11	0.16	0.18	0.18	0.22	0.23	0.14	0.08	-	-	-	-	-	-	-	-
Weighted average shares (units) outstanding diluted
522,179	494,896	440,933	395,692	381,675	367,733	366,467	365,541	365,343	364,976	365,046	350,319	321,423	319,993	247,468	239,008	237,819	237,013	223,948	208,640	203,615	172,603	172,639	172,369	164,549	161,841	155,969	151,056	141,526	134,929	134,782	134,715	124,906	110,789	110,719	110,600	110,408	213,506	110,046	103	79,176
Dividends declared per common share (unit)
0.27	-	0.26	0.25	0.25	-	0.25	0.25	0.25	-	0.24	0.24	0.24	-	0.23	0.23	0.22	-	0.22	0.22	0.22	-	0.21	0.21	0.21	-	0.20	0.20	0.20	-	0.20	0.20	0.20	-	0.20	0.20	0.20	-	0.20	0.20	0.20
MPT Operating Partnership, L.P. [Member]
Rent billed
537,320	474,151	448,108	441,985	453,930	473,343	493,718	486,410	467,030	435,782	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Straight-line rent
121,226	110,456	102,397	89,664	79,601	74,741	68,064	67,276	68,480	65,468	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from financing leases
154,773	119,617	70,538	72,034	73,582	73,983	74,801	74,918	74,296	74,495	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income
154,556	149,973	157,294	146,894	152,817	162,455	172,322	159,885	143,588	129,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
967,875	854,197	778,337	750,577	759,930	784,522	808,905	788,489	753,394	704,745	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
268,178	237,830	218,306	211,002	216,802	223,274	228,820	214,364	195,948	176,954	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate depreciation and amortization
179,882	152,313	141,027	130,143	130,633	133,083	136,329	138,295	133,322	125,106	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property-related
26,498	23,992	17,808	16,489	10,119	9,237	8,634	7,434	6,667	5,811	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
106,345	96,411	90,743	88,439	85,719	80,086	73,664	67,693	63,220	58,599	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition costs
-	-	-	-	-	-	0	0	-	29,645	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
580,903	510,546	467,884	446,579	444,190	446,597	457,013	444,280	426,046	396,115	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate
0	-	0	0	-	719,392	672,822	25,636	1,485	7,431	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate impairment charges
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from equity interests
16,410	16,051	15,258	14,900	14,614	14,165	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unutilized financing fees
0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt refinancing and unutilized financing costs
-	-	-	-	-	-	-	-	-	32,574	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (including mark-to-market adjustments on equity securities)
-14,524	-345	-2,185	2,692	872	-4,071	-12,922	-11,652	-6,132	374	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other (expense) income
-1,983	30,129	7,739	663,212	685,404	681,479	666,720	13,274	-10,263	-14,711	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax
384,989	373,780	318,192	967,210	1,001,144	1,019,404	1,018,612	357,483	317,085	293,919	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax (expense) benefit
3,722	-2,621	-7,227	-4,418	-2,581	927	6,700	5,166	2,989	2,681	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
381,267	376,401	325,419	971,628	1,003,725	1,018,477	1,011,912	352,317	314,096	291,238	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interests
1,413	1,717	1,890	1,851	1,819	1,792	1,766	1,741	1,672	1,445	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to MPT common stockholders (Operating Partnership partners)
379,854	374,684	323,529	969,777	1,001,906	1,016,685	1,010,146	350,576	312,424	289,793	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to MPT common stockholders (Operating Partnership partners)
0.15	0.27	0.20	0.20	0.20	0.21	2.01	0.30	0.25	0.19	0.21	0.21	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares (units) outstanding basic
521,076	493,594	439,581	394,574	380,551	366,653	365,024	364,897	364,882	364,380	364,315	349,856	321,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to MPT common stockholders (Operating Partnership partners)
-	-	0.20	-	-	-	2.00	-	-	-	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares (units) outstanding diluted
522,179	494,896	440,933	395,692	381,675	367,733	366,467	365,541	365,343	364,976	365,046	350,319	321,423	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per common share (unit)
0.27	-	0.26	0.25	0.25	-	0.25	0.25	0.25	-	0.24	0.24	0.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-