Earnings Per Share/Unit (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Medical Properties Trust, Inc.

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

	For the Years Ended December 31,
	2022			2021			2020
Numerator:
Net income	$	903,819		$	656,940		$	432,272
Non-controlling interests’ share in earnings		(1,222	)		(919	)		(822	)
Participating securities’ share in earnings		(1,602	)		(2,161	)		(2,105	)
Net income, less participating securities’ share in    earnings	$	900,995		$	653,860		$	429,345
Denominator:
Basic weighted-average common shares		598,634			588,817			529,239
Dilutive potential common shares		203			1,322			1,222
Diluted weighted-average common shares		598,837			590,139			530,461

MPT Operating Partnership, L.P.

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

	For the Years Ended December 31,
	2022			2021			2020
Numerator:
Net income	$	903,819		$	656,940		$	432,272
Non-controlling interests’ share in earnings		(1,222	)		(919	)		(822	)
Participating securities’ share in earnings		(1,602	)		(2,161	)		(2,105	)
Net income, less participating securities’ share in    earnings	$	900,995		$	653,860		$	429,345
Denominator:
Basic weighted-average units		598,634			588,817			529,239
Dilutive potential units		203			1,322			1,222
Diluted weighted-average units		598,837			590,139			530,461