Medical Properties Trust, Inc.

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


	For the Three Months Ended September 30,
	2014			2013
Numerator:
Income from continuing operations	$	28,663		$	25,392
Non-controlling interests’ share in continuing operations		(126	)		(55	)
Participating securities’ share in earnings		(179	)		(166	)

Income from continuing operations, less participating securities’ share in earnings		28,358			25,171
Income from discontinued operations attributable to MPT common stockholders		—			311

Net income, less participating securities’ share in earnings	$	28,358		$	25,482

Denominator:
Basic weighted-average common shares		171,893			154,758
Dilutive potential common shares		746			1,211

Dilutive weighted-average common shares		172,639			155,969


	For the Nine Months Ended September 30,
	2014			2013
Numerator:
Income from continuing operations	$	35,769		$	75,987
Non-controlling interests’ share in continuing operations		(192	)		(165	)
Participating securities’ share in earnings		(584	)		(538	)

Income from continuing operations, less participating securities’ share in earnings		34,993			75,284
Income (loss) from discontinued operations attributable to MPT common stockholders		(2	)		3,330

Net income, less participating securities’ share in earnings	$	34,991		$	78,614

Denominator:
Basic weighted-average common shares		169,195			148,204
Dilutive potential common shares		657			1,313

Dilutive weighted-average common shares		169,852			149,517

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,
	2014			2013
Numerator:
Income from continuing operations	$	28,663		$	25,392
Non-controlling interests’ share in continuing operations		(126	)		(55	)
Participating securities’ share in earnings		(179	)		(166	)

Income from continuing operations, less participating securities’ share in earnings		28,358			25,171
Income from discontinued operations attributable to MPT Operating Partnership partners		—			311

Net income, less participating securities’ share in earnings	$	28,358		$	25,482

Denominator:
Basic weighted-average units		171,893			154,758
Dilutive potential units		746			1,211

Dilutive weighted-average units		172,639			155,969


	For the Nine Months Ended September 30,
	2014			2013
Numerator:
Income from continuing operations	$	35,769		$	75,987
Non-controlling interests’ share in continuing operations		(192	)		(165	)
Participating securities’ share in earnings		(584	)		(538	)

Income from continuing operations, less participating securities’ share in earnings		34,993			75,284
Income (loss) from discontinued operations attributable to MPT Operating Partnership partners		(2	)		3,330

Net income, less participating securities’ share in earnings	$	34,991		$	78,614

Denominator:
Basic weighted-average units		169,195			148,204
Dilutive potential units		657			1,313

Dilutive weighted-average units		169,852			149,517