FINANCIAL STATEMENTS INVESTMENTS IN UNCONSOLIDATED REAL ESTATE JOINT VENTURES (As of and for the three months ended March 31, 2024)
(Unaudited) ($ amounts in thousands) Swiss Medical Steward Policlinico di HM MPT Pro Rata MEDIAN(B) (C) (D) (E) (F) Total Network Health Care Monza Hospitales Share Gross real estate $ 1,913,976 $ 1,550,872 $ 1,677,587
$ 180,860 $ 365,315 $ 5,688,610 $ 3,136,214 Cash 43,550 6,058
11,929 9,568 1,485 72,590 37,432 Accumulated depreciation and
amortization (249,151) (153,731) (84,383) (33,580) (33,433) (554,278) (306,214)
Other assets 69,713 74,522
42,890 520 8,272 195,917 112,450 Total Assets $ 1,778,088 $ 1,477,721 $ 1,648,023 $ 157,368
$ 341,639 $ 5,402,839 $ 2,979,882 Debt (third party) $ 704,612 $ 740,722 $ 833,027
$ $ 139,420 $ 2,417,781 $ 1,350,064 Other
liabilities 130,870 106,091 3,435 (136) 84,418 324,678 179,336
Equity and shareholder loans 942,606
(A) 630,908 811,561 157,504 117,801 2,660,380 1,450,482 Total Liabilities and Equity
$ 1,778,088 $ 1,477,721 $ 1,648,023 $ 157,368 $ 341,639 $ 5,402,839 $ 2,979,882 MPT share of real estate joint venture 50% 70% 50% 50% 45% Total
$ 471,303 $ 441,636 $ 405,781 $ 78,752 $ 53,010 $ 1,450,482 Swiss Medical Steward Policlinico di HM
MPT Pro Rata MEDIAN(B) (C) (D) (E) (F) Total Network Health Care Monza Hospitales Share Total revenues $ 33,517 $ 17,820 $ 37,825
$ 1,981 $ 4,329 $ 95,472 $ 51,107 Expenses: Property-related $ 623 $ 322
$ (446) $ 1,028 $ 625 $ 2,152 $ 1,133 Interest 13,082
5,661 16,112 532 35,387 18,799 Real estate depreciation and
amortization 11,308 8,974 10,307 1,038
2,047 33,674 18,529 General and
administrative 893 233 119 (81) 14 1,178 636 Income
taxes 1,113 1,401 284 2,798 1,664 Total
expenses $ 27,019 $ 16,591 $ 26,092 $ 1,985 $ 3,502 $ 75,189
$ 40,761 Net Income $ 6,498 $ 1,229 $ 11,733 $ (4) $ 827
$ 20,283 $ 10,346 MPT share of real estate joint venture 50% 70% 50% 50% 45% Earnings from equity interests (G) $ 3,249 $ 860
$ 5,867 $ (2) $ 372 $ 10,346 (A) Includes a €309 million loan from both shareholders. (B) MPT managed joint venture of 71-owned German facilities that are fully leased. (C) Represents ownership in Infracore, which owns and leases 17 Switzerland facilities. We also have two Infracore facilities currently under development.
(D) MPT managed joint venture of eight-owned Massachusetts hospital facilities that are fully leased pursuant to a master lease. Accounting for revenue on this investment on the cash basis. (E) Represents ownership in eight Italian
facilities that are fully leased. (F) Represents ownership in two Spanish facilities that are fully leased. (G) Excludes $0.2 million from returns on our Lifepoint Behavioral Health equity investment (sold in the 2024 first quarter),
less amortization of equity investment costs. MEDICAL PROPERTIES TRUST | SUPPLEMENTAL INFORMATION | Q1 2024 18