Medical Properties Trust, Inc.

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


	For the Three Months Ended September 30,
	2013			2012
Numerator:
Income from continuing operations	$	25,666		$	22,865
Non-controlling interests’ share in continuing operations		(55	)		(44	)
Participating securities’ share in earnings		(166	)		(225	)


Income from continuing operations, less participating securities’ share in earnings		25,445			22,596
Income from discontinued operations attributable to MPT common stockholders		37			8,643


Net income, less participating securities’ share in earnings	$	25,482		$	31,239


Denominator:
Basic weighted-average common shares		154,758			134,781
Dilutive potential common shares		1,211			1


Dilutive weighted-average common shares		155,969			134,782


	For the Nine Months Ended September 30,
	2013			2012
Numerator:
Income from continuing operations	$	76,819		$	50,424
Non-controlling interests’ share in continuing operations		(165	)		(130	)
Participating securities’ share in earnings		(538	)		(715	)


Income from continuing operations, less participating securities’ share in earnings		76,116			49,579
Income from discontinued operations attributable to MPT common stockholders		2,498			11,050


Net income, less participating securities’ share in earnings	$	78,614		$	60,629


Denominator:
Basic weighted-average common shares		148,204			131,467
Dilutive potential common shares		1,313			—


Dilutive weighted-average common shares		149,517			131,467

MPT Operating Partnership, L.P.

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


	For the Three Months Ended September 30,
	2013			2012
Numerator:
Income from continuing operations	$	25,666		$	22,865
Non-controlling interests’ share in continuing operations		(55	)		(44	)
Participating securities’ share in earnings		(166	)		(225	)


Income from continuing operations, less participating securities’ share in earnings		25,445			22,596
Income from discontinued operations attributable to MPT Operating Partnership partners		37			8,643


Net income, less participating securities’ share in earnings	$	25,482		$	31,239


Denominator:
Basic weighted-average units		154,758			134,781
Dilutive potential units		1,211			1


Dilutive weighted-average units		155,969			134,782


	For the Nine Months Ended September 30,
	2013			2012
Numerator:
Income from continuing operations	$	76,819		$	50,424
Non-controlling interests’ share in continuing operations		(165	)		(130	)
Participating securities’ share in earnings		(538	)		(715	)


Income from continuing operations, less participating securities’ share in earnings		76,116			49,579
Income from discontinued operations attributable to MPT Operating Partnership partners		2,498			11,050


Net income, less participating securities’ share in earnings	$	78,614		$	60,629


Denominator:
Basic weighted-average units		148,204			131,467
Dilutive potential units		1,313			—


Dilutive weighted-average units		149,517			131,467