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Earnings Per Share/Unit (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Calculation of Earnings Per Share

Medical Properties Trust, Inc.

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

 

     For the Years Ended December 31,  
     2014     2013     2012  

Numerator:

      

Income from continuing operations

   $ 50,798      $ 89,301      $ 72,870   

Non-controlling interests’ share in continuing operations

     (274     (224     (177

Participating securities’ share in earnings

     (894     (729     (887
  

 

 

   

 

 

   

 

 

 

Income from continuing operations, less participating securities’ share in earnings

     49,630        88,348        71,806   

Income (loss) from discontinued operations attributable to MPT common stockholders

     (2     7,914        17,207   
  

 

 

   

 

 

   

 

 

 

Net income, less participating securities’ share in earnings

   $ 49,628      $ 96,262      $ 89,013   
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Basic weighted-average common shares

     169,999        151,439        132,331   

Dilutive potential common shares

     541        1,159        2   
  

 

 

   

 

 

   

 

 

 

Diluted weighted-average common shares

     170,540        152,598        132,333   
  

 

 

   

 

 

   

 

 

 

MPT Operating Partnership, L.P.

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

 

     For the Years Ended December 31,  
     2014     2013     2012  

Numerator:

      

Income from continuing operations

   $ 50,798      $ 89,301      $ 72,870   

Non-controlling interests’ share in continuing operations

     (274     (224     (177

Participating securities’ share in earnings

     (894     (729     (887
  

 

 

   

 

 

   

 

 

 

Income from continuing operations, less participating securities’ share in earnings

     49,630        88,348        71,806   

Income (loss) from discontinued operations attributable to MPT Operating Partnership partners

     (2     7,914        17,207   
  

 

 

   

 

 

   

 

 

 

Net income, less participating securities’ share in earnings

   $ 49,628      $ 96,262      $ 89,013   
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Basic weighted-average units

     169,999        151,439        132,331   

Dilutive potential units

     541        1,159        2   
  

 

 

   

 

 

   

 

 

 

Diluted weighted-average units

     170,540        152,598        132,333