MPT Operating Partnership, L.P. earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026
Q3 2026 Revenue up 5% year over year to $250M · 81¢ of every $1 of revenue kept as net profit · operating margin -5.5%
MPT Operating Partnership, L.P. made $250M in Q3 2026 (+5% Y/Y). Operating margin -5.5%, net earnings $202M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Revenue$250M
Year over year+5%
Operating margin-5.5%
Net earnings$202M
Operating cash flow$41.1M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $250.1M in Q3 2026, up 5% year over year and down 4% from the previous quarter.
Operating costs exceeded revenue by $13.7M, an operating margin of -5.5%. Total costs grew 7% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $201.6M. The effective tax rate was 4.7%. Non-operating items added $225.8M, 106% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $41.1M (up 122% year over year), 20% of net earnings. Non-cash charges added back $74.5M of depreciation and amortization and $381K of share-based compensation. Working capital and other items used $235.8M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 6, 2026
$250M
+5%
-5.5%
$202M
$41.1M
Q2 2026
10-Q
Aug 10, 2026
$259M
+8%
3.3%
−$2.3M
$62.4M
Q1 2026
10-Q
May 8, 2026
$252M
+13%
2.7%
$32.8M
−$14.3M
Q4 2025
10-K
Feb 26, 2026
$270M
+17%
13.6%
$17.3M
$160M
Q3 2025
10-Q
Nov 10, 2025
$238M
+5%
-3.6%
−$77.5M
$18.6M
Q2 2025
10-Q
Aug 8, 2025
$240M
-10%
2.9%
−$98.1M
—
Q4 2024
10-K
Mar 3, 2025
$232M
—
11.7%
−$412M
$76.7M
Charts
Latest (Q3 2026): Y/Y +5%, Q/Q -4%.Latest (Q3 2026): Net income $202M, Operating cash flow $41.1M.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
MPT Operating Partnership, L.P. against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +11%. Operating margin: -5.5% against the peers' median 15.9%.