2024 Q1 Form 10-K Financial Statement

#000095017024023248 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $271.3M -$122.4M $871.8M
YoY Change -22.53% -132.16% -43.49%
Cost Of Revenue $4.818M $3.298M $110.1M
YoY Change -97.35% -57.16% -34.25%
Gross Profit $266.5M -$125.7M $761.7M
YoY Change 58.49% -133.71% -44.62%
Gross Profit Margin 98.22% 87.37%
Selling, General & Admin $33.35M $30.15M $145.6M
YoY Change -20.07% -29.71% -9.29%
% of Gross Profit 12.51% 19.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.59M $77.30M $616.1M
YoY Change -13.7% -5.11% 78.29%
% of Gross Profit 28.36% 80.89%
Operating Expenses $108.9M $107.4M $748.9M
YoY Change -13.26% -13.59% 51.77%
Operating Profit $157.6M -$233.1M $12.78M
YoY Change 270.16% -193.84% -98.55%
Interest Expense -$98.14M -$123.2M $411.2M
YoY Change -200.49% 45.21% 14.52%
% of Operating Profit -62.28% 3217.8%
Other Income/Expense, Net -$89.35M -$17.62M -$356.9M
YoY Change 7.27% 218.6% -213.27%
Pretax Income -$724.4M -$659.6M -$686.8M
YoY Change -2080.77% 427.99% -171.56%
Income Tax $10.95M $3.982M -$130.7M
% Of Pretax Income
Net Earnings -$735.6M -$664.3M -$556.5M
YoY Change -2343.17% 370.99% -161.65%
Net Earnings / Revenue -271.13% -63.83%
Basic Earnings Per Share -$1.46 -$0.93
Diluted Earnings Per Share -$1.23 -$1.11 -$0.93
COMMON SHARES
Basic Shares Outstanding 599.1M 599.0M 598.5M
Diluted Shares Outstanding 600.3M 598.5M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $224.3M $250.0M $250.0M
YoY Change -25.79% 6.09% 6.09%
Cash & Equivalents $224.3M $250.0M $250.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $901.9M $886.0M $886.0M
YoY Change -18.98% -13.38% -13.38%
LONG-TERM ASSETS
Property, Plant & Equipment $15.62B $16.62B $16.62B
YoY Change -10.78% -5.91% -5.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.245B $3.253B $3.253B
YoY Change
Other Assets $5.878M
YoY Change
Total Long-Term Assets $16.54B $17.42B $17.42B
YoY Change -10.78% -6.53% -6.53%
TOTAL ASSETS
Total Short-Term Assets $901.9M $886.0M $886.0M
Total Long-Term Assets $16.54B $17.42B $17.42B
Total Assets $17.44B $18.30B $18.30B
YoY Change -11.24% -6.88% -6.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $302.5M $412.2M $412.2M
YoY Change -49.18% -33.66% -33.66%
Accrued Expenses $101.8M $101.8M
YoY Change 0.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $465.8M $568.8M $568.8M
YoY Change -37.0% -25.89% -25.89%
LONG-TERM LIABILITIES
Long-Term Debt $10.10B $10.06B $10.06B
YoY Change -3.25% -1.99% -1.99%
Other Long-Term Liabilities $32.08M $37.96M $37.96M
YoY Change 9.14% 36.91% 36.91%
Total Long-Term Liabilities $10.13B $10.10B $10.10B
YoY Change -3.22% -1.88% -1.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $465.8M $568.8M $568.8M
Total Long-Term Liabilities $10.13B $10.10B $10.10B
Total Liabilities $10.60B $10.67B $10.67B
YoY Change -5.43% -3.55% -3.54%
SHAREHOLDERS EQUITY
Retained Earnings -$1.847B -$971.8M
YoY Change 7167.39% -935.71%
Common Stock $8.568B $8.561B
YoY Change 0.3% 0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.842B $7.632B $7.632B
YoY Change
Total Liabilities & Shareholders Equity $17.44B $18.30B $18.30B
YoY Change -11.24% -6.88% -6.88%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$735.6M -$664.3M -$556.5M
YoY Change -2343.17% 370.99% -161.65%
Depreciation, Depletion And Amortization $75.59M $77.30M $616.1M
YoY Change -13.7% -5.11% 78.29%
Cash From Operating Activities $74.34M $135.4M $505.8M
YoY Change -45.19% -25.22% -31.56%
INVESTING ACTIVITIES
Capital Expenditures $29.89M $33.72M $349.6M
YoY Change -65.33% -90.94% -75.76%
Acquisitions
YoY Change
Other Investing Activities -$89.38M $203.9M $867.2M
YoY Change -186.46% -326.39% -52.83%
Cash From Investing Activities -$119.3M $170.2M $517.6M
YoY Change -794.27% -136.82% 30.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $988.2M
YoY Change 13.63%
Cash From Financing Activities 22.08M -402.7M -1.020B
YoY Change -124.77% -300.2% -24.0%
NET CHANGE
Cash From Operating Activities 74.34M 135.4M 505.8M
Cash From Investing Activities -119.3M 170.2M 517.6M
Cash From Financing Activities 22.08M -402.7M -1.020B
Net Change In Cash -22.85M -97.09M 3.017M
YoY Change -135.86% 21.38% -101.45%
FREE CASH FLOW
Cash From Operating Activities $74.34M $135.4M $505.8M
Capital Expenditures $29.89M $33.72M $349.6M
Free Cash Flow $44.46M $101.7M $156.2M
YoY Change -10.11% -153.22% -122.21%

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RestrictedCashAndCashEquivalents
2655000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6485000
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
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
461882000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
556369000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
250016000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
235668000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
459227000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5936000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5870000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2655000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
255952000
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
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
461882000
CY2023Q4 mpw Gross Investment In Real Estate Assets
GrossInvestmentInRealEstateAssets
14778132000
CY2022Q4 mpw Gross Investment In Real Estate Assets
GrossInvestmentInRealEstateAssets
15917839000
CY2023Q4 mpw Net Investment In Real Estate Assets
NetInvestmentInRealEstateAssets
13370161000
CY2022Q4 mpw Net Investment In Real Estate Assets
NetInvestmentInRealEstateAssets
14724527000
CY2023Q4 us-gaap Assets
Assets
18304844000
CY2022Q4 us-gaap Assets
Assets
19658000000
CY2023 mpw Percentage Of Leased Assets Owned
PercentageOfLeasedAssetsOwned
1
CY2023Q4 mpw Number Of Facilities
NumberOfFacilities
439
CY2023Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
31
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates:</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> The preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We believe the estimates and assumptions underlying our consolidated financial statements at December 31, 2023 are reasonable and supportable based on the information available (particularly as it relates to our assessments of the recoverability of our real estate and the adequacy of our credit loss reserves on loans and financing receivables). Actual results could differ from those estimates.</span></p>
CY2023Q4 mpw Threshold Ownership Percentage For Inter Company Balances And Transactions Elimination
ThresholdOwnershipPercentageForInterCompanyBalancesAndTransactionsElimination
1
CY2023 mpw Expected Lease Up Periods For Estimating Lost Rentals
ExpectedLeaseUpPeriodsForEstimatingLostRentals
P6M
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2023 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
10194000
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
99009000
CY2023Q4 mpw Financing Receivable Allowances Of Credit Losses Related To Financial Instrument Sold
FinancingReceivableAllowancesOfCreditLossesRelatedToFinancialInstrumentSold
-35339000
CY2022Q4 mpw Financing Receivable Allowances Of Credit Losses Related To Financial Instrument Sold
FinancingReceivableAllowancesOfCreditLossesRelatedToFinancialInstrumentSold
-26390000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
96001000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
121146000
CY2023 mpw Percentage Of Ordinary Taxable Income To Be Distributed For Real Estate Investment Trust Qualification
PercentageOfOrdinaryTaxableIncomeToBeDistributedForRealEstateInvestmentTrustQualification
0.90
CY2023 mpw Term Of Federal Income Tax At Corporate Rates On Failure To Qualify As Real Estate Investment Trust
TermOfFederalIncomeTaxAtCorporateRatesOnFailureToQualifyAsRealEstateInvestmentTrust
P4Y
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications: </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain amounts in the consolidated financial statements for prior periods have been reclassified to conform to the current period presentation. For the year ended December 31, 2021, $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">39.4</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million has been reclassified from "Other (including fair value adjustments on securities)" to "Real estate and other impairment charges, net" in our consolidated statements of net income. There is no impact to net income.</span></p>
CY2021 mpw Real Estate And Other Impairment Charges
RealEstateAndOtherImpairmentCharges
39400000
CY2023Q4 mpw Minimum Percentage Of Reconciling Items Quantitative Threshold Of The Statutory Tax
MinimumPercentageOfReconcilingItemsQuantitativeThresholdOfTheStatutoryTax
0.05
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
25727000
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
82508000
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
235187000
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
1332962000
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
5350239000
CY2023Q4 mpw Business Combination Loans Paid Down On Acquisition Loans
BusinessCombinationLoansPaidDownOnAcquisitionLoans
22900000
CY2021Q4 mpw Business Combination Loans Paid Down On Acquisition Loans
BusinessCombinationLoansPaidDownOnAcquisitionLoans
1103410000
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
212287000
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
1332962000
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
4246829000
CY2022Q1 mpw Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities And Other Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesAndOtherLiabilities
26000000
CY2023Q4 mpw Development Projects Original Commitment Amount
DevelopmentProjectsOriginalCommitmentAmount
171562000
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
110073000
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
86000000
CY2023Q1 mpw Straight Line Rent Receivables
StraightLineRentReceivables
37400000
CY2023Q1 mpw Estimated Fees To Sell The Hospitals
EstimatedFeesToSellTheHospitals
8000000
CY2023Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
8000000
CY2022 mpw Number Of Facilities Sold
NumberOfFacilitiesSold
15
CY2022 mpw Number Of Ancillary Properties Sold
NumberOfAncillaryPropertiesSold
5
CY2022 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
522000000
CY2022 us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
100000000
CY2021Q4 mpw Number Of Operations Sold
NumberOfOperationsSold
3
CY2021Q4 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
54500000
CY2021Q4 us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
40000000
CY2021 mpw Number Of Facilities Sold
NumberOfFacilitiesSold
16
CY2021 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
246000000
CY2021 us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
52500000
CY2023Q4 mpw Intangible Lease Assets
IntangibleLeaseAssets
1000000000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
900000000
CY2022Q4 mpw Intangible Lease Assets
IntangibleLeaseAssets
1400000000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1200000000
CY2023Q4 mpw Finite Lived Intangible Assets Amortization Expenses
FiniteLivedIntangibleAssetsAmortizationExpenses
332500000
CY2022Q4 mpw Finite Lived Intangible Assets Amortization Expenses
FiniteLivedIntangibleAssetsAmortizationExpenses
55900000
CY2021Q4 mpw Finite Lived Intangible Assets Amortization Expenses
FiniteLivedIntangibleAssetsAmortizationExpenses
56000000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
40934000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
40081000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
39933000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
39664000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
39330000
CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P24Y
CY2023Q4 us-gaap Lessor Operating Lease Renewal Term
LessorOperatingLeaseRenewalTerm
P5Y
CY2023 mpw Leases Annual Rent Escalations Percentage
LeasesAnnualRentEscalationsPercentage
0.99
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1090982000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1108422000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1126783000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
1183912000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
1199371000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
28569312000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
34278782000
CY2023Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
611669000
CY2022Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
880253000
CY2023Q4 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
203818000
CY2022Q4 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
203818000
CY2023Q4 mpw Direct Financing Lease Unearned Income And Allowance For Credit Loss
DirectFinancingLeaseUnearnedIncomeAndAllowanceForCreditLoss
571059000
CY2022Q4 mpw Direct Financing Lease Unearned Income And Allowance For Credit Loss
DirectFinancingLeaseUnearnedIncomeAndAllowanceForCreditLoss
731915000
CY2023Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
244428000
CY2022Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
352156000
CY2023Q4 mpw Other Financing Leases Net Of Allowance For Credit Loss
OtherFinancingLeasesNetOfAllowanceForCreditLoss
987202000
CY2022Q4 mpw Other Financing Leases Net Of Allowance For Credit Loss
OtherFinancingLeasesNetOfAllowanceForCreditLoss
1339167000
CY2023Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
1231630000
CY2022Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
1691323000
CY2023Q4 mpw Percentage Of Vacant On Leased Property
PercentageOfVacantOnLeasedProperty
0.003
CY2023Q4 mpw Payments Of Partial Cash Rent
PaymentsOfPartialCashRent
16000000
CY2023Q4 mpw Rent And Interest Obligations Due
RentAndInterestObligationsDue
70000000
CY2023Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
1474455000
CY2022Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
1497903000
CY2023Q4 mpw Investments In Unconsolidated Operating Entities
InvestmentsInUnconsolidatedOperatingEntities
1778640000
CY2022Q4 mpw Investments In Unconsolidated Operating Entities
InvestmentsInUnconsolidatedOperatingEntities
1444872000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
44897000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
57087000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
10064236000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
10268412000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-162692000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
29260000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
53425000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-130679000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55900000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
453648000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1443120000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1600000000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
763860000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2645585000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2023Q2 mpw Number Of Facilities Sold
NumberOfFacilitiesSold
7
CY2023Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
800000
CY2023 mpw Adjustments To Applicable Margin Percentage
AdjustmentsToApplicableMarginPercentage
0.00375
CY2022 mpw Commitment Fee Adjustment Percentage
CommitmentFeeAdjustmentPercentage
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CY2023 mpw Commitment Fee Adjustment Percentage
CommitmentFeeAdjustmentPercentage
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CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
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CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
93200000
CY2023Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
800000
CY2023 mpw Percentage Of Dividends Payable On Basis Of Adjusted Operating Funds
PercentageOfDividendsPayableOnBasisOfAdjustedOperatingFunds
0.95
CY2023 mpw Percentage Of Dividends Payable On Senior Unsecured Notes
PercentageOfDividendsPayableOnSeniorUnsecuredNotes
0.95
CY2023 mpw Maximum Percentage Of Unencumbered Assets
MaximumPercentageOfUnencumberedAssets
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CY2023 mpw Percentage Of Ordinary Taxable Income To Be Distributed For Real Estate Investment Trust Qualification
PercentageOfOrdinaryTaxableIncomeToBeDistributedForRealEstateInvestmentTrustQualification
0.90
CY2023 mpw Percentage Of Taxable Income To Be Distributed For Federal Income Tax Exemption
PercentageOfTaxableIncomeToBeDistributedForFederalIncomeTaxExemption
1
CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2023Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2023 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
165705000
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
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CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2023 mpw Income Tax Reconciliation Interest Disallowance
IncomeTaxReconciliationInterestDisallowance
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CY2022 mpw Income Tax Reconciliation Interest Disallowance
IncomeTaxReconciliationInterestDisallowance
1737000
CY2021 mpw Income Tax Reconciliation Interest Disallowance
IncomeTaxReconciliationInterestDisallowance
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CY2023 mpw Effective Income Tax Rate Reconciliation Impact Of Uk Reit Conversion
EffectiveIncomeTaxRateReconciliationImpactOfUkReitConversion
160641000
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
7035000
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
6045000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
860000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55900000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
73948000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q4 srt Real Estate Federal Income Tax Basis
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11900000000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
12300524000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
13628749000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
10749707000
CY2023 mpw Real Estate Acquisitions
RealEstateAcquisitions
143882000
CY2021 mpw Real Estate Acquisitions
RealEstateAcquisitions
3023966000
CY2023 mpw Real Estate Accumulated Depreciation Capital Expenditures And Transfers From Construction In Progress
RealEstateAccumulatedDepreciationCapitalExpendituresAndTransfersFromConstructionInProgress
72791000
CY2022 mpw Real Estate Accumulated Depreciation Capital Expenditures And Transfers From Construction In Progress
RealEstateAccumulatedDepreciationCapitalExpendituresAndTransfersFromConstructionInProgress
47431000
CY2023 mpw Real Estate Additions
RealEstateAdditions
87873000
CY2022 mpw Real Estate Additions
RealEstateAdditions
150290000
CY2021 mpw Real Estate Additions
RealEstateAdditions
167164000
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
874519000
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
1471529000
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
229584000
CY2023 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
-82624000
CY2022 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
677416000
CY2021 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
82504000
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
11813175000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
12300524000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
13628749000
CY2022Q4 mpw Real Estate Assets Accumulated Depreciation
RealEstateAssetsAccumulatedDepreciation
1008340000
CY2021Q4 mpw Real Estate Assets Accumulated Depreciation
RealEstateAssetsAccumulatedDepreciation
950369000
CY2020Q4 mpw Real Estate Assets Accumulated Depreciation
RealEstateAssetsAccumulatedDepreciation
728176000
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
270816000
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
277032000
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
262063000
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
73765000
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
185519000
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
35551000
CY2023 mpw Real Estate Accumulated Depreciation Foreign Currency Translation Difference
RealEstateAccumulatedDepreciationForeignCurrencyTranslationDifference
-22228000
CY2022 mpw Real Estate Accumulated Depreciation Foreign Currency Translation Difference
RealEstateAccumulatedDepreciationForeignCurrencyTranslationDifference
33542000
CY2021 mpw Real Estate Accumulated Depreciation Foreign Currency Translation Difference
RealEstateAccumulatedDepreciationForeignCurrencyTranslationDifference
4319000
CY2023Q4 mpw Real Estate Assets Accumulated Depreciation
RealEstateAssetsAccumulatedDepreciation
1227619000
CY2022Q4 mpw Real Estate Assets Accumulated Depreciation
RealEstateAssetsAccumulatedDepreciation
1008340000
CY2021Q4 mpw Real Estate Assets Accumulated Depreciation
RealEstateAssetsAccumulatedDepreciation
950369000
CY2023Q4 mpw Construction And Building Improvements In Progress
ConstructionAndBuildingImprovementsInProgress
400000000
CY2023Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
310101000
CY2023Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
310101000
CY2023Q4 srt Mortgage Loans On Real Estate Federal Income Tax Basis1
MortgageLoansOnRealEstateFederalIncomeTaxBasis1
310100000
CY2023Q4 srt Mortgage Loans On Real Estate Prior Liens1
MortgageLoansOnRealEstatePriorLiens1
0
CY2023Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
800000
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
364420000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
213320000
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
248335000
CY2023 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
155223000
CY2022 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
177924000
CY2021 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
1128695000
CY2023 mpw Mortgage Loans On Real Estate Exchange Rate Fluctuations
MortgageLoansOnRealEstateExchangeRateFluctuations
31530000
CY2022 mpw Mortgage Loans On Real Estate Exchange Rate Fluctuations
MortgageLoansOnRealEstateExchangeRateFluctuations
-15824000
CY2021 mpw Mortgage Loans On Real Estate Exchange Rate Fluctuations
MortgageLoansOnRealEstateExchangeRateFluctuations
-3640000
CY2023 mpw Mortgage Loans On Real Estate Additions Gross
MortgageLoansOnRealEstateAdditionsGross
551173000
CY2022 mpw Mortgage Loans On Real Estate Additions Gross
MortgageLoansOnRealEstateAdditionsGross
375420000
CY2021 mpw Mortgage Loans On Real Estate Additions Gross
MortgageLoansOnRealEstateAdditionsGross
1373390000
CY2023 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
241072000
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
11000000
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1160070000
CY2023 mpw Mortgage Loans On Real Estate Deductions
MortgageLoansOnRealEstateDeductions
241072000
CY2022 mpw Mortgage Loans On Real Estate Deductions
MortgageLoansOnRealEstateDeductions
11000000
CY2021 mpw Mortgage Loans On Real Estate Deductions
MortgageLoansOnRealEstateDeductions
1160070000
CY2023Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
310101000
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
364420000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
213320000

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