2023 Q4 Form 10-Q Financial Statement

#000095017023062169 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue -$122.4M $306.6M
YoY Change -132.16% -12.99%
Cost Of Revenue $3.298M $6.500M
YoY Change -57.16% -21.36%
Gross Profit -$125.7M $300.1M
YoY Change -133.71% -12.78%
Gross Profit Margin 97.89%
Selling, General & Admin $30.15M $38.10M
YoY Change -29.71% 2.09%
% of Gross Profit 12.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $77.30M $80.60M
YoY Change -5.11% -1.55%
% of Gross Profit 26.86%
Operating Expenses $107.4M $115.8M
YoY Change -13.59% -2.85%
Operating Profit -$233.1M $184.3M
YoY Change -193.84% -18.05%
Interest Expense -$123.2M $106.7M
YoY Change 45.21% -239.29%
% of Operating Profit 57.9%
Other Income/Expense, Net -$17.62M $49.48M
YoY Change 218.6% 110.27%
Pretax Income -$659.6M $127.0M
YoY Change 427.99% -47.23%
Income Tax $3.982M $10.06M
% Of Pretax Income 7.92%
Net Earnings -$664.3M $116.7M
YoY Change 370.99% -47.38%
Net Earnings / Revenue 38.07%
Basic Earnings Per Share $0.19
Diluted Earnings Per Share -$1.11 $0.19
COMMON SHARES
Basic Shares Outstanding 599.0M 598.4M
Diluted Shares Outstanding 598.6M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $250.0M $340.0M
YoY Change 6.09% 13.65%
Cash & Equivalents $250.0M $340.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $886.0M $1.129B
YoY Change -13.38% 11.86%
LONG-TERM ASSETS
Property, Plant & Equipment $16.62B $16.86B
YoY Change -5.91% -1.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.253B
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $17.42B $17.88B
YoY Change -6.53% -0.88%
TOTAL ASSETS
Total Short-Term Assets $886.0M $1.129B
Total Long-Term Assets $17.42B $17.88B
Total Assets $18.30B $19.00B
YoY Change -6.88% -0.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $412.2M $376.0M
YoY Change -33.66% -33.92%
Accrued Expenses $101.8M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $568.8M $530.0M
YoY Change -25.89% -25.92%
LONG-TERM LIABILITIES
Long-Term Debt $10.06B $10.16B
YoY Change -1.99% 7.18%
Other Long-Term Liabilities $37.96M $32.00M
YoY Change 36.91% 72.33%
Total Long-Term Liabilities $10.10B $10.19B
YoY Change -1.88% 7.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $568.8M $530.0M
Total Long-Term Liabilities $10.10B $10.19B
Total Liabilities $10.67B $10.72B
YoY Change -3.55% 4.97%
SHAREHOLDERS EQUITY
Retained Earnings -$971.8M -$215.1M
YoY Change -935.71% -149.63%
Common Stock $8.561B $8.559B
YoY Change 0.29% 0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.632B $8.285B
YoY Change
Total Liabilities & Shareholders Equity $18.30B $19.00B
YoY Change -6.88% -0.2%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$664.3M $116.7M
YoY Change 370.99% -47.38%
Depreciation, Depletion And Amortization $77.30M $80.60M
YoY Change -5.11% -1.55%
Cash From Operating Activities $135.4M $158.2M
YoY Change -25.22% -26.04%
INVESTING ACTIVITIES
Capital Expenditures $33.72M $52.10M
YoY Change -90.94% -259.74%
Acquisitions
YoY Change
Other Investing Activities $203.9M -$9.600M
YoY Change -326.39% -102.69%
Cash From Investing Activities $170.2M -$61.70M
YoY Change -136.82% -119.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -402.7M -66.70M
YoY Change -300.2% -86.13%
NET CHANGE
Cash From Operating Activities 135.4M 158.2M
Cash From Investing Activities 170.2M -61.70M
Cash From Financing Activities -402.7M -66.70M
Net Change In Cash -97.09M 29.80M
YoY Change 21.38% -47.82%
FREE CASH FLOW
Cash From Operating Activities $135.4M $158.2M
Capital Expenditures $33.72M $52.10M
Free Cash Flow $101.7M $106.1M
YoY Change -153.22% -56.96%

Facts In Submission

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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
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us-gaap Common Stock Dividends Per Share Declared
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us-gaap Common Stock Dividends Per Share Declared
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ProfitLoss
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CY2022Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2022Q3 mpw Other Comprehensive Income Unrealized Gain Loss On Derivatives Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesNetOfTax
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mpw Other Comprehensive Income Unrealized Gain Loss On Derivatives Net Of Tax
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mpw Other Comprehensive Income Unrealized Gain Loss On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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185000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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227000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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25000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
165923000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
106873000
us-gaap Comprehensive Income Net Of Tax
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Profit Loss
ProfitLoss
33030000
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CY2023Q1 mpw Reclassification Of Interest Rate Swap Gain To Earnings Net Of Tax
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CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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28143000
CY2023Q1 mpw Stock Issued During Period Value Stock Vesting And Amortization Of Stock Based Compensation
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CY2023Q1 mpw Stock Issued During Period Value Stock Vesting Satisfaction Of Tax Withholding
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5554000
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 us-gaap Dividends Common Stock Cash
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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CY2023Q2 mpw Other Comprehensive Income Unrealized Gain Loss On Derivatives Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesNetOfTax
17920000
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
60445000
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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-3234000
CY2023Q2 mpw Stock Issued During Period Value Stock Vesting And Amortization Of Stock Based Compensation
StockIssuedDuringPeriodValueStockVestingAndAmortizationOfStockBasedCompensation
6437000
CY2023Q2 mpw Stock Issued During Period Value Stock Vesting Satisfaction Of Tax Withholding
StockIssuedDuringPeriodValueStockVestingSatisfactionOfTaxWithholding
16000
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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ProfitLoss
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CY2023Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2023Q3 mpw Stock Issued During Period Value Stock Vesting And Amortization Of Stock Based Compensation
StockIssuedDuringPeriodValueStockVestingAndAmortizationOfStockBasedCompensation
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CY2023Q3 mpw Stock Issued During Period Value Stock Vesting Satisfaction Of Tax Withholding
StockIssuedDuringPeriodValueStockVestingSatisfactionOfTaxWithholding
520000
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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200000
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q3 us-gaap Dividends Common Stock Cash
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q1 us-gaap Profit Loss
ProfitLoss
631947000
CY2022Q1 mpw Other Comprehensive Income Unrealized Gain Loss On Derivatives Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesNetOfTax
44932000
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-13215000
CY2022Q1 mpw Stock Issued During Period Value Stock Vesting And Amortization Of Stock Based Compensation
StockIssuedDuringPeriodValueStockVestingAndAmortizationOfStockBasedCompensation
11804000
CY2022Q1 mpw Stock Issued During Period Value Stock Vesting Satisfaction Of Tax Withholding
StockIssuedDuringPeriodValueStockVestingSatisfactionOfTaxWithholding
27919000
CY2022Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
929000
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
174018000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8919359000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
190064000
CY2022Q2 mpw Other Comprehensive Income Unrealized Gain Loss On Derivatives Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesNetOfTax
25920000
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-104341000
CY2022Q2 mpw Stock Issued During Period Value Stock Vesting And Amortization Of Stock Based Compensation
StockIssuedDuringPeriodValueStockVestingAndAmortizationOfStockBasedCompensation
10108000
CY2022Q2 mpw Stock Issued During Period Value Stock Vesting Satisfaction Of Tax Withholding
StockIssuedDuringPeriodValueStockVestingSatisfactionOfTaxWithholding
880000
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
335000
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
174024000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8865871000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
222020000
CY2022Q3 mpw Other Comprehensive Income Unrealized Gain Loss On Derivatives Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesNetOfTax
52975000
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-108845000
CY2022Q3 mpw Stock Issued During Period Value Stock Vesting And Amortization Of Stock Based Compensation
StockIssuedDuringPeriodValueStockVestingAndAmortizationOfStockBasedCompensation
11089000
CY2022Q3 mpw Stock Issued During Period Value Stock Vesting Satisfaction Of Tax Withholding
StockIssuedDuringPeriodValueStockVestingSatisfactionOfTaxWithholding
636000
CY2022Q3 mpw Purchase Of Non Controlling Interest
PurchaseOfNonControllingInterest
-35022000
CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
205000
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
173999000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
107492000
us-gaap Profit Loss
ProfitLoss
1044031000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
536200000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
260717000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
11978000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
13123000
mpw Straight Line Rent Revenue And Other
StraightLineRentRevenueAndOther
174202000
mpw Straight Line Rent Revenue And Other
StraightLineRentRevenueAndOther
214435000
us-gaap Share Based Compensation
ShareBasedCompensation
29719000
us-gaap Share Based Compensation
ShareBasedCompensation
33001000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
209000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
536788000
mpw Real Estate And Other Impairment Charges Recovery
RealEstateAndOtherImpairmentChargesRecovery
93288000
mpw Real Estate And Other Impairment Charges Recovery
RealEstateAndOtherImpairmentChargesRecovery
-14575000
mpw Straight Line Rent And Other Recovery Write Off
StraightLineRentAndOtherRecoveryWriteOff
150576000
mpw Straight Line Rent And Other Recovery Write Off
StraightLineRentAndOtherRecoveryWriteOff
35259000
mpw Debt Refinancing And Unutilized Financing Benefit Costs
DebtRefinancingAndUnutilizedFinancingBenefitCosts
-46000
mpw Debt Refinancing And Unutilized Financing Benefit Costs
DebtRefinancingAndUnutilizedFinancingBenefitCosts
9452000
mpw Tax Rate Changes
TaxRateChanges
-164535000
mpw Tax Rate Changes
TaxRateChanges
6901000
mpw Non Cash Revenue From Debt And Equity Securities Received
NonCashRevenueFromDebtAndEquitySecuritiesReceived
81706000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
27500000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2136000
mpw Increase Decrease In Interest And Rent Receivable
IncreaseDecreaseInInterestAndRentReceivable
100384000
mpw Increase Decrease In Interest And Rent Receivable
IncreaseDecreaseInInterestAndRentReceivable
68929000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6701000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
370368000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
557915000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
235187000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
499549000
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
52317000
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
220223000
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
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mpw Construction In Progress Equipment And Other
ConstructionInProgressEquipmentAndOther
80708000
mpw Construction In Progress Equipment And Other
ConstructionInProgressEquipmentAndOther
97783000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
12430000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
14295000
mpw Payments For Capital Additions And Other Investments Net
PaymentsForCapitalAdditionsAndOtherInvestmentsNet
217940000
mpw Payments For Capital Additions And Other Investments Net
PaymentsForCapitalAdditionsAndOtherInvestmentsNet
144307000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
347341000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
426515000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
524155000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
524536000
mpw Payments For Proceeds From Lease Deposits And Other Obligations To Tenants
PaymentsForProceedsFromLeaseDepositsAndOtherObligationsToTenants
-7752000
mpw Payments For Proceeds From Lease Deposits And Other Obligations To Tenants
PaymentsForProceedsFromLeaseDepositsAndOtherObligationsToTenants
2591000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6090000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
100110000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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4238000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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241538000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
345886000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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304680000
us-gaap Interest Paid
InterestPaid
322006000
us-gaap Interest Paid
InterestPaid
285417000
mpw Debt And Equity Securities Received For Certain Obligations Real Estate And Revenue
DebtAndEquitySecuritiesReceivedForCertainObligationsRealEstateAndRevenue
804520000
mpw Certain Obligations And Receivable Satisfied And Real Estate Sold
CertainObligationsAndReceivableSatisfiedAndRealEstateSold
722814000
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
90467000
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
173999000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
235668000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
459227000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
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5870000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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2655000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
241538000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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461882000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
340058000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
299171000
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
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5828000
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5509000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
345886000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
304680000
mpw Percentage Of Leased Assets Owned
PercentageOfLeasedAssetsOwned
1
CY2023Q3 mpw Number Of Facilities
NumberOfFacilities
441
CY2023Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
31
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:0;font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain amounts in the condensed consolidated financial statements for prior periods have been reclassified to conform to the current period presentation.</span></p>
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
25727000
CY2023Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
235187000
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
972243000
CY2023Q3 mpw Business Combination Loans Paid Down On Acquisition Loans
BusinessCombinationLoansPaidDownOnAcquisitionLoans
22900000
CY2023Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
212287000
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
972243000
CY2022Q1 mpw Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities And Other Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesAndOtherLiabilities
26000000
CY2023Q3 mpw Development Projects Original Commitment Amount
DevelopmentProjectsOriginalCommitmentAmount
331926000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
182158000
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
82000000
CY2023Q1 mpw Straight Line Rent Receivables
StraightLineRentReceivables
37400000
CY2023Q1 mpw Estimated Fees To Sell The Hospitals
EstimatedFeesToSellTheHospitals
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CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
13000000
CY2023Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
29000000
mpw Number Of Facilities Sold
NumberOfFacilitiesSold
15
mpw Number Of Ancillary Properties Sold
NumberOfAncillaryPropertiesSold
5
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
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us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
100000000
CY2023Q3 us-gaap Lessor Operating Lease Renewal Term
LessorOperatingLeaseRenewalTerm
P5Y
mpw Leases Annual Rent Escalations Percentage
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0.99
CY2023Q3 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
616686000
CY2022Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
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CY2023Q3 us-gaap Direct Financing Lease Unguaranteed Residual Asset
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CY2022Q4 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
203818000
CY2023Q3 mpw Direct Financing Lease Unearned Income And Allowance For Credit Loss
DirectFinancingLeaseUnearnedIncomeAndAllowanceForCreditLoss
576309000
CY2022Q4 mpw Direct Financing Lease Unearned Income And Allowance For Credit Loss
DirectFinancingLeaseUnearnedIncomeAndAllowanceForCreditLoss
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CY2023Q3 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
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CY2022Q4 us-gaap Direct Financing Lease Net Investment In Lease
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CY2023Q3 mpw Other Financing Leases Net Of Allowance For Credit Loss
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CY2022Q4 mpw Other Financing Leases Net Of Allowance For Credit Loss
OtherFinancingLeasesNetOfAllowanceForCreditLoss
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CY2023Q3 us-gaap Net Investment In Lease
NetInvestmentInLease
1233336000
CY2022Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
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mpw Percentage Of Properties Occupied By Tenants
PercentageOfPropertiesOccupiedByTenants
0.99
mpw Number Of Properties Vacant
NumberOfPropertiesVacant
5
CY2023Q3 mpw Percentage Of Vacant On Leased Property
PercentageOfVacantOnLeasedProperty
0.002
CY2023Q3 mpw Remaining Outstanding Deferred Rent To Be Received
RemainingOutstandingDeferredRentToBeReceived
7500000
CY2023Q3 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
1461725000
CY2022Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
1497903000
CY2023Q3 mpw Investments In Unconsolidated Operating Entities
InvestmentsInUnconsolidatedOperatingEntities
1843847000
CY2022Q4 mpw Investments In Unconsolidated Operating Entities
InvestmentsInUnconsolidatedOperatingEntities
1444872000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
87105000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2023Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
165000
CY2022Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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CY2023Q3 mpw Financing Receivable Allowances Of Credit Losses Related To Financial Instruments Sold
FinancingReceivableAllowancesOfCreditLossesRelatedToFinancialInstrumentsSold
-63000
CY2022Q3 mpw Financing Receivable Allowances Of Credit Losses Related To Financial Instruments Sold
FinancingReceivableAllowancesOfCreditLossesRelatedToFinancialInstrumentsSold
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CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
48527000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1513000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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mpw Financing Receivable Allowances Of Credit Losses Related To Financial Instruments Sold
FinancingReceivableAllowancesOfCreditLossesRelatedToFinancialInstrumentsSold
-35452000
mpw Financing Receivable Allowances Of Credit Losses Related To Financial Instruments Sold
FinancingReceivableAllowancesOfCreditLossesRelatedToFinancialInstrumentsSold
-26396000
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
87207000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9211000
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10204130000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10325499000
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
47051000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
57087000
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
10157079000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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439399000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
430352000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1382580000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2992894000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1600000000
CY2023Q3 mpw Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
3358905000
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10204130000
CY2023Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
800000
mpw Debt Refinancing Charge
DebtRefinancingCharge
600000
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2022-03-15
CY2022Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000
us-gaap Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
2021-07-27
mpw Percentage Of Dividends Payable On Basis Of Adjusted Operating Funds
PercentageOfDividendsPayableOnBasisOfAdjustedOperatingFunds
0.95
mpw Percentage Of Dividends Payable On Senior Unsecured Notes
PercentageOfDividendsPayableOnSeniorUnsecuredNotes
0.95
mpw Maximum Percentage Of Unencumbered Assets
MaximumPercentageOfUnencumberedAssets
1.50
CY2023Q1 mpw Income Tax Benefit Related To The Initial Loan Impairment
IncomeTaxBenefitRelatedToTheInitialLoanImpairment
5000000
us-gaap Share Based Compensation
ShareBasedCompensation
29700000
us-gaap Share Based Compensation
ShareBasedCompensation
33000000
CY2023Q3 mpw Interest And Rent Receivable
InterestAndRentReceivable
195559000
CY2023Q3 us-gaap Receivables Fair Value Disclosure
ReceivablesFairValueDisclosure
156131000
CY2022Q4 mpw Interest And Rent Receivable
InterestAndRentReceivable
167035000
CY2022Q4 us-gaap Receivables Fair Value Disclosure
ReceivablesFairValueDisclosure
163101000
CY2023Q3 mpw Loans
Loans
1255589000
CY2023Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1162388000
CY2022Q4 mpw Loans
Loans
1405615000
CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1360113000
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
10157079000
CY2023Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
8201606000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
10268412000
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
8697042000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
116895000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
222020000
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
185000
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
227000
CY2023Q3 mpw Undistributed Earning Allocated To Participating Securities
UndistributedEarningAllocatedToParticipatingSecurities
311000
CY2022Q3 mpw Undistributed Earning Allocated To Participating Securities
UndistributedEarningAllocatedToParticipatingSecurities
288000
CY2023Q3 mpw Net Income Less Participating Securities Share In Earnings
NetIncomeLessParticipatingSecuritiesShareInEarnings
116399000
CY2022Q3 mpw Net Income Less Participating Securities Share In Earnings
NetIncomeLessParticipatingSecuritiesShareInEarnings
221505000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
598444000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
598980000
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
109000
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
359000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
598553000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
599339000
us-gaap Profit Loss
ProfitLoss
107492000
us-gaap Profit Loss
ProfitLoss
1044031000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
25000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
960000
mpw Undistributed Earning Allocated To Participating Securities
UndistributedEarningAllocatedToParticipatingSecurities
1295000
mpw Undistributed Earning Allocated To Participating Securities
UndistributedEarningAllocatedToParticipatingSecurities
1035000
mpw Net Income Less Participating Securities Share In Earnings
NetIncomeLessParticipatingSecuritiesShareInEarnings
106172000
mpw Net Income Less Participating Securities Share In Earnings
NetIncomeLessParticipatingSecuritiesShareInEarnings
1042036000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
598363000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
598828000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
43000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
271000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
598406000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
599099000
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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mpw-20230930_pre.xml Edgar Link unprocessable
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0000950170-23-062169-index.html Edgar Link pending
0000950170-23-062169.txt Edgar Link pending
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mpw-20230930_cal.xml Edgar Link unprocessable
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