Earnings Per Share/Common Unit

3 Months Ended

Mar. 31, 2012

Earnings Per Share/Common Unit [Abstract]

Earnings Per Share/Common Unit

9. Earnings Per Share/Common Unit

Medical Properties Trust, Inc.

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

	For the Three Months Ended March 31,
	2012			2011
Numerator:
Income from continuing operations	$	10,485		$	9,652
Non-controlling interests' share in continuing operations		(42	)		(44	)
Participating securities' share in earnings		(252	)		(316	)
Income from continuing operations, less participating securities' share in earnings		10,191			9,292
Income from discontinued operations attributable to MPT common stockholders		121			1,172
Net income, less participating securities' share in earnings	$	10,312		$	10,464
Denominator
Basic weighted-average common shares		124,906			110,400
Dilutive share options		—			8
Dilutive weighted-average common shares		124,906			110,408

MPT Operating Partnership, L.P.

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

	For the Three Months Ended March 31,
	2012			2011
Numerator:
Income from continuing operations	$	10,485		$	9,668
Non-controlling interests' share in continuing operations		(42	)		(44	)
Participating securities' share in earnings		(252	)		(316	)
Income from continuing operations, less participating securities' share in earnings		10,191			9,308
Income from discontinued operations attributable to MPT Operating Partnership partners		121			1,172
Net income, less participating securities' share in earnings	$	10,312		$	10,480
Denominator
Basic weighted-average units		124,906			110,400
Dilutive options		—			8
Dilutive weighted-average units		124,906			110,408

For the three months ended March 31, 2012 and 2011, 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.