Earnings Per Share/Unit (Tables)

6 Months Ended

Jun. 30, 2024

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,
	2024			2023
Numerator:
Net loss	$	(319,659	)	$	(42,433	)
Non-controlling interests’ share in net (income) loss		(976	)		396
Participating securities’ share in earnings		(654	)		(469	)
Net loss, less participating securities’ share in earnings	$	(321,289	)	$	(42,506	)
Denominator:
Basic weighted-average common shares		600,057			598,344
Dilutive potential common shares(1)		—			—
Diluted weighted-average common shares		600,057			598,344

	For the Six Months Ended June 30,
	2024			2023
Numerator:
Net loss	$	(1,195,036	)	$	(9,403	)
Non-controlling interests’ share in net (income) loss		(1,224	)		160
Participating securities’ share in earnings		(654	)		(984	)
Net loss, less participating securities’ share in earnings	$	(1,196,914	)	$	(10,227	)
Denominator:
Basic weighted-average common shares		600,181			598,323
Dilutive potential common shares(1)		—			—
Diluted weighted-average common shares		600,181			598,323

MPT Operating Partnership, L.P.

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

	For the Three Months Ended June 30,
	2024			2023
Numerator:
Net loss	$	(319,659	)	$	(42,433	)
Non-controlling interests’ share in net (income) loss		(976	)		396
Participating securities’ share in earnings		(654	)		(469	)
Net loss, less participating securities’ share in earnings	$	(321,289	)	$	(42,506	)
Denominator:
Basic weighted-average units		600,057			598,344
Dilutive potential units(1)		—			—
Diluted weighted-average units		600,057			598,344

	For the Six Months Ended June 30,
	2024			2023
Numerator:
Net loss	$	(1,195,036	)	$	(9,403	)
Non-controlling interests’ share in net (income) loss		(1,224	)		160
Participating securities’ share in earnings		(654	)		(984	)
Net loss, less participating securities’ share in earnings	$	(1,196,914	)	$	(10,227	)
Denominator:
Basic weighted-average units		600,181			598,323
Dilutive potential units(1)		—			—
Diluted weighted-average units		600,181			598,323

(1)The above computation of diluted earnings per share does not include 17,299 and 8,649 potential common shares/units for the three and six months ended June 30, 2024, respectively, and 11,255 and 9,974 shares/units for the three and six months ended June 30, 2023, respectively, as inclusion of these shares when a loss exists would be antidilutive.