Earnings Per Share/Unit (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

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

	For the Three Months Ended June 30,
	2023			2022
Numerator:
Net (loss) income	$	(42,433	)	$	190,064
Non-controlling interests’ share in net loss (income)		396			(467	)
Participating securities’ share in earnings		(469	)		(345	)
Net (loss) income, less participating securities’ share in earnings	$	(42,506	)	$	189,252
Denominator:
Basic weighted-average common shares		598,344			598,827
Dilutive potential common shares(1)		—			199
Diluted weighted-average common shares		598,344			599,026

	For the Six Months Ended June 30,
	2023			2022
Numerator:
Net (loss) income	$	(9,403	)	$	822,011
Non-controlling interests’ share in net loss (income)		160			(733	)
Participating securities’ share in earnings		(984	)		(747	)
Net (loss) income, less participating securities’ share in earnings	$	(10,227	)	$	820,531
Denominator:
Basic weighted-average common shares		598,323			598,751
Dilutive potential common shares(1)		—			228
Diluted weighted-average common shares		598,323			598,979

MPT Operating Partnership, L.P.

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

	For the Three Months Ended June 30,
	2023			2022
Numerator:
Net (loss) income	$	(42,433	)	$	190,064
Non-controlling interests’ share in net loss (income)		396			(467	)
Participating securities’ share in earnings		(469	)		(345	)
Net (loss) income, less participating securities’ share in earnings	$	(42,506	)	$	189,252
Denominator:
Basic weighted-average units		598,344			598,827
Dilutive potential units(1)		—			199
Diluted weighted-average units		598,344			599,026

	For the Six Months Ended June 30,
	2023			2022
Numerator:
Net (loss) income	$	(9,403	)	$	822,011
Non-controlling interests’ share in net loss (income)		160			(733	)
Participating securities’ share in earnings		(984	)		(747	)
Net (loss) income, less participating securities’ share in earnings	$	(10,227	)	$	820,531
Denominator:
Basic weighted-average units		598,323			598,751
Dilutive potential units(1)		—			228
Diluted weighted-average units		598,323			598,979

(1)Potential common shares/units are not included in the computation of diluted earnings per share when a loss exists as the effect would be an antidilutive per share amount.