Earnings Per Share/Unit

9 Months Ended

Sep. 30, 2023

8. Earnings Per Share/Unit

Medical Properties Trust, Inc.

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


	For the Three Months Ended September 30,
	2023			2022
Numerator:
Net income	$	116,895		$	222,020
Non-controlling interests’ share in net income		(185	)		(227	)
Participating securities’ share in earnings		(311	)		(288	)
Net income, less participating securities’ share in earnings	$	116,399		$	221,505
Denominator:
Basic weighted-average common shares		598,444			598,980
Dilutive potential common shares		109			359
Diluted weighted-average common shares		598,553			599,339


	For the Nine Months Ended September 30,
	2023			2022
Numerator:
Net income	$	107,492		$	1,044,031
Non-controlling interests’ share in net income		(25	)		(960	)
Participating securities’ share in earnings		(1,295	)		(1,035	)
Net income, less participating securities’ share in earnings	$	106,172		$	1,042,036
Denominator:
Basic weighted-average common shares		598,363			598,828
Dilutive potential common shares		43			271
Diluted weighted-average common shares		598,406			599,099

MPT Operating Partnership, L.P.

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


	For the Three Months Ended September 30,
	2023			2022
Numerator:
Net income	$	116,895		$	222,020
Non-controlling interests’ share in net income		(185	)		(227	)
Participating securities’ share in earnings		(311	)		(288	)
Net income, less participating securities’ share in earnings	$	116,399		$	221,505
Denominator:
Basic weighted-average units		598,444			598,980
Dilutive potential units		109			359
Diluted weighted-average units		598,553			599,339


	For the Nine Months Ended September 30,
	2023			2022
Numerator:
Net income	$	107,492		$	1,044,031
Non-controlling interests’ share in net income		(25	)		(960	)
Participating securities’ share in earnings		(1,295	)		(1,035	)
Net income, less participating securities’ share in earnings	$	106,172		$	1,042,036
Denominator:
Basic weighted-average units		598,363			598,828
Dilutive potential units		43			271
Diluted weighted-average units		598,406			599,099