Earnings Per Share/Unit (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Medical Properties Trust, Inc.

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

	For the Years Ended December 31,
	2024			2023			2022
Numerator:
Net (loss) income	$	(2,408,287	)	$	(556,092	)	$	903,819
Non-controlling interests’ share in earnings		(1,984	)		(384	)		(1,222	)
Participating securities’ share in earnings		(946	)		(1,644	)		(1,602	)
Net (loss) income, less participating securities’ share in    earnings	$	(2,411,217	)	$	(558,120	)	$	900,995
Denominator:
Basic weighted-average common shares		600,248			598,518			598,634
Dilutive potential common shares(1)		—			—			203
Diluted weighted-average common shares		600,248			598,518			598,837

MPT Operating Partnership, L.P.

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

	For the Years Ended December 31,
	2024			2023			2022
Numerator:
Net (loss) income	$	(2,408,287	)	$	(556,092	)	$	903,819
Non-controlling interests’ share in earnings		(1,984	)		(384	)		(1,222	)
Participating securities’ share in earnings		(946	)		(1,644	)		(1,602	)
Net (loss) income, less participating securities’ share in    earnings	$	(2,411,217	)	$	(558,120	)	$	900,995
Denominator:
Basic weighted-average units		600,248			598,518			598,634
Dilutive potential units(1)		—			—			203
Diluted weighted-average units		600,248			598,518			598,837

(1)The above computation of diluted earnings per share does not include 17,162 and 32,382 potential common shares/units for the years ended December 31, 2024 and 2023, respectively.