Earnings Per Share/Unit (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

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

	For the Three Months Ended September 30,
	2022			2021
Numerator:
Net income	$	222,020		$	171,395
Non-controlling interests’ share in net income		(227	)		(258	)
Participating securities’ share in earnings		(288	)		(328	)
Net income, less participating securities’ share in earnings	$	221,505		$	170,809
Denominator:
Basic weighted-average common shares		598,980			595,119
Dilutive potential common shares		359			2,201
Diluted weighted-average common shares		599,339			597,320

	For the Nine Months Ended September 30,
	2022			2021
Numerator:
Net income	$	1,044,031		$	450,096
Non-controlling interests’ share in net income		(960	)		(611	)
Participating securities’ share in earnings		(1,035	)		(1,088	)
Net income, less participating securities’ share in earnings	$	1,042,036		$	448,397
Denominator:
Basic weighted-average common shares		598,828			586,291
Dilutive potential common shares		271			1,680
Diluted weighted-average common shares		599,099			587,971

MPT Operating Partnership, L.P.

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

	For the Three Months Ended September 30,
	2022			2021
Numerator:
Net income	$	222,020		$	171,395
Non-controlling interests’ share in net income		(227	)		(258	)
Participating securities’ share in earnings		(288	)		(328	)
Net income, less participating securities’ share in earnings	$	221,505		$	170,809
Denominator:
Basic weighted-average units		598,980			595,119
Dilutive potential units		359			2,201
Diluted weighted-average units		599,339			597,320

	For the Nine Months Ended September 30,
	2022			2021
Numerator:
Net income	$	1,044,031		$	450,096
Non-controlling interests’ share in net income		(960	)		(611	)
Participating securities’ share in earnings		(1,035	)		(1,088	)
Net income, less participating securities’ share in earnings	$	1,042,036		$	448,397
Denominator:
Basic weighted-average units		598,828			586,291
Dilutive potential units		271			1,680
Diluted weighted-average units		599,099			587,971