Earnings Per Share/Unit

12 Months Ended

Dec. 31, 2023

6. Earnings Per Share/Unit

Medical Properties Trust, Inc.

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


	For the Years Ended December 31,
	2023			2022			2021
Numerator:
Net (loss) income	$	(556,092	)	$	903,819		$	656,940
Non-controlling interests’ share in earnings		(384	)		(1,222	)		(919	)
Participating securities’ share in earnings		(1,644	)		(1,602	)		(2,161	)
Net (loss) income, less participating securities’ share in earnings	$	(558,120	)	$	900,995		$	653,860
Denominator:
Basic weighted-average common shares		598,518			598,634			588,817
Dilutive potential common shares(1)		—			203			1,322
Diluted weighted-average common shares		598,518			598,837			590,139

MPT Operating Partnership, L.P.

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


	For the Years Ended December 31,
	2023			2022			2021
Numerator:
Net (loss) income	$	(556,092	)	$	903,819		$	656,940
Non-controlling interests’ share in earnings		(384	)		(1,222	)		(919	)
Participating securities’ share in earnings		(1,644	)		(1,602	)		(2,161	)
Net (loss) income, less participating securities’ share in earnings	$	(558,120	)	$	900,995		$	653,860
Denominator:
Basic weighted-average units		598,518			598,634			588,817
Dilutive potential units(1)		—			203			1,322
Diluted weighted-average units		598,518			598,837			590,139

(1)

The above computation of diluted earnings per share does not include 32,382 potential common shares/units as inclusion of these shares when a loss exists would be antidilutive.