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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&amp;#xA0;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; overallotment option) at a price of
$9.75 per share, resulting in net proceeds (after underwriting
discount) of $220.2 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 June 30, 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 six months
ended June 30, 2013 and 2012, the partnership issued 12,650,000 and
23,575,000 units, respectively, in direct response to the common
stock offerings by Medical Properties Trust, Inc.&lt;/font&gt;&lt;/p&gt;


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