Earnings Per Share/Unit

12 Months Ended

Dec. 31, 2011

Earnings Per Share/Unit [Abstract]

Earnings Per Share/Unit

6. Earnings Per Share/Unit

Medical Properties Trust, Inc.

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

	For the Years Ended December 31,
	2011			2010			2009
Numerator:
Income from continuing operations	$	19,431		$	10,248		$	29,945
Non-controlling interests' share in continuing operations		(178	)		(99	)		(36	)
Participating securities' share in earnings		(1,090	)		(1,254	)		(1,506	)
Income from continuing operations, less participating securities' share in earnings		18,163			8,895			28,403
Income from discontinued operations		7,283			12,764			6,422
Non-controlling interests' share in discontinued operations		—			—			(1	)
Income from discontinued operations attributable to MPT common stockholders		7,283			12,764			6,421
Net income, less participating securities' share in earnings	$	25,446		$	21,659		$	34,824
Denominator:
Basic weighted-average common shares		110,623			100,706			78,117
Dilutive stock options		6			2			—
Diluted weighted-average common shares		110,629			100,708			78,117

MPT Operating Partnership, L.P.

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

	For the Years Ended December 31,
	2011			2010			2009
Numerator:
Income from continuing operations	$	19,448		$	10,323		$	30,008
Non-controlling interests' share in continuing operations		(178	)		(99	)		(36	)
Participating securities' share in earnings		(1,090	)		(1,254	)		(1,506	)
Income from continuing operations, less participating securities' share in earnings		18,180			8,970			28,466
Income from discontinued operations		7,283			12,764			6,422
Non-controlling interests' share in discontinued operations		—			—			(1	)
Income from discontinued operations attributable to MPT Operating Partnership partners		7,283			12,764			6,421
Net income, less participating securities' share in earnings	$	25,463		$	21,734		$	34,887
Denominator:
Basic weighted-average units		110,623			100,706			78,117
Dilutive options		6			2			—
Diluted weighted-average units		110,629			100,708			78,117

For each of the years ended December 31, 2011, 2010, and 2009, 0.1 million of options were excluded from the diluted earnings per share/unit calculation as they were not determined to be dilutive. Shares/units that may be issued in the future in accordance with our exchangeable senior notes were excluded from the diluted earnings per share/unit calculation as they were not determined to be dilutive.