Earnings Per Share/Unit

6 Months Ended

Jun. 30, 2022

9. Earnings Per Share/Unit

Medical Properties Trust, Inc.

Our earnings per share were calculated based on the following (amounts in thousands):


	For the Three Months Ended June 30,
	2022			2021
Numerator:
Net income	$	190,064		$	114,821
Non-controlling interests’ share in net income		(467	)		(256	)
Participating securities’ share in earnings		(345	)		(390	)
Net income, less participating securities’ share in earnings	$	189,252		$	114,175
Denominator:
Basic weighted-average common shares		598,827			587,514
Dilutive potential common shares		199			1,539
Diluted weighted-average common shares		599,026			589,053


	For the Six Months Ended June 30,
	2022			2021
Numerator:
Net income	$	822,011		$	278,701
Non-controlling interests’ share in net income		(733	)		(353	)
Participating securities’ share in earnings		(747	)		(760	)
Net income, less participating securities’ share in earnings	$	820,531		$	277,588
Denominator:
Basic weighted-average common shares		598,751			581,877
Dilutive potential common shares		228			1,420
Diluted weighted-average common shares		598,979			583,297

MPT Operating Partnership, L.P.

Our earnings per unit were calculated based on the following (amounts in thousands):


	For the Three Months Ended June 30,
	2022			2021
Numerator:
Net income	$	190,064		$	114,821
Non-controlling interests’ share in net income		(467	)		(256	)
Participating securities’ share in earnings		(345	)		(390	)
Net income, less participating securities’ share in earnings	$	189,252		$	114,175
Denominator:
Basic weighted-average units		598,827			587,514
Dilutive potential units		199			1,539
Diluted weighted-average units		599,026			589,053


	For the Six Months Ended June 30,
	2022			2021
Numerator:
Net income	$	822,011		$	278,701
Non-controlling interests’ share in net income		(733	)		(353	)
Participating securities’ share in earnings		(747	)		(760	)
Net income, less participating securities’ share in earnings	$	820,531		$	277,588
Denominator:
Basic weighted-average units		598,751			581,877
Dilutive potential units		228			1,420
Diluted weighted-average units		598,979			583,297