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&lt;p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;b&gt;5. Common
Stock/Partners&amp;#x2019; Capital&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
&lt;!-- xbrl,body --&gt;
&lt;p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;i&gt;Medical Properties
Trust, Inc.&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;On February 28, 2013, we
completed an offering of 12,650,000 shares of our common stock
(including 1,650,000 shares sold pursuant to the exercise in full
of the underwriters&amp;#x2019; option to purchase additional shares) at
a price of $14.25 per share, resulting in net proceeds (after
underwriting discount and expenses) of $172.9 million. A portion of
the net proceeds from this offering were used to pay down our
revolving credit facility.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;To help fund the 2012
acquisitions disclosed in Note 3, on February&amp;#xA0;7, 2012, we
completed an offering of 23,575,000 shares of our common stock
(including 3,075,000 shares sold pursuant to the exercise in full
of the underwriters&amp;#x2019; option to purchase additional shares) at
a price of $9.75 per share, resulting in net proceeds (after
underwriting discount) of $220.2&amp;#xA0;million.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;i&gt;MPT Operating
Partnership, L.P.&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;At March 31, 2013, the
Company has a 99.8% ownership interest in Operating Partnership
with the remainder owned by three other partners, two of which are
employees and one of which is a director. During the three months
ended March 31, 2013 and 2012, the partnership issued 12,650,000
and 23,575,000 units, in direct response to the common stock
offerings by Medical Properties Trust, Inc.&lt;/font&gt;&lt;/p&gt;
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