Medical Properties Trust, Inc.

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


	For the Three Months Ended June 30,
	2014			2013
Numerator:
Income (loss) from continuing operations	$	(203	)	$	25,031
Non-controlling interests’ share in continuing operations		—			(57	)
Participating securities’ share in earnings		(195	)		(179	)


Income (loss) from continuing operations, less participating securities’ share in earnings		(398	)		24,795
Income from discontinued operations attributable to MPT common stockholders		—			2,374


Net income (loss), less participating securities’ share in earnings	$	(398	)	$	27,169


Denominator:
Basic weighted-average common shares		171,718			149,509
Dilutive potential common shares		651			1,547


Dilutive weighted-average common shares		172,369			151,056


	For the Six Months Ended June 30,
	2014			2013
Numerator:
Income from continuing operations	$	7,105		$	50,596
Non-controlling interests’ share in continuing operations		(65	)		(110	)
Participating securities’ share in earnings		(404	)		(372	)


Income from continuing operations, less participating securities’ share in earnings		6,636			50,114
Income (loss) from discontinued operations attributable to MPT common stockholders		(2	)		3,018


Net income, less participating securities’ share in earnings	$	6,634		$	53,132


Denominator:
Basic weighted-average common shares		167,846			144,928
Dilutive potential common shares		613			1,363


Dilutive weighted-average common shares		168,459			146,291

MPT Operating Partnership, L.P.

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


	For the Three Months Ended June 30,
	2014			2013
Numerator:
Income (loss) from continuing operations	$	(203	)	$	25,031
Non-controlling interests’ share in continuing operations		—			(57	)
Participating securities’ share in earnings		(195	)		(179	)


Income (loss) from continuing operations, less participating securities’ share in earnings		(398	)		24,795
Income from discontinued operations attributable to MPT Operating Partnership partners		—			2,374


Net income (loss), less participating securities’ share in earnings	$	(398	)	$	27,169


Denominator:
Basic weighted-average units		171,718			149,509
Dilutive potential units		651			1,547


Dilutive weighted-average units		172,369			151,056


	For the Six Months Ended June 30,
	2014			2013
Numerator:
Income from continuing operations	$	7,105		$	50,596
Non-controlling interests’ share in continuing operations		(65	)		(110	)
Participating securities’ share in earnings		(404	)		(372	)


Income from continuing operations, less participating securities’ share in earnings		6,636			50,114
Income (loss) from discontinued operations attributable to MPT Operating Partnership partners		(2	)		3,018


Net income, less participating securities’ share in earnings	$	6,634		$	53,132


Denominator:
Basic weighted-average units		167,846			144,928
Dilutive potential units		613			1,363


Dilutive weighted-average units		168,459			146,291