Medical Properties Trust, Inc.

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


	For the Three Months Ended June 30,
	2015			2014
Numerator:
Income (loss) from continuing operations	$	22,489		$	(203	)
Non-controlling interests’ share in continuing operations		(82	)		—
Participating securities’ share in earnings		(250	)		(195	)


Income (loss) from continuing operations, less participating securities’ share in earnings		22,157			(398	)
Income from discontinued operations attributable to MPT common stockholders		—			—


Net income (loss), less participating securities’ share in earnings	$	22,157		$	(398	)


Denominator:
Basic weighted-average common shares		208,071			171,718
Dilutive potential common shares		569			651


Dilutive weighted-average common shares		208,640			172,369


	For the Six Months Ended June 30,
	2015			2014
Numerator:
Income from continuing operations	$	58,465		$	7,105
Non-controlling interests’ share in continuing operations		(161	)		(65	)
Participating securities’ share in earnings		(516	)		(404	)


Income from continuing operations, less participating securities’ share in earnings		57,788			6,636
Loss from discontinued operations attributable to MPT common stockholders		—			(2	)


Net income, less participating securities’ share in earnings	$	57,788		$	6,634


Denominator:
Basic weighted-average common shares		205,515			167,846
Dilutive potential common shares		612			613


Dilutive weighted-average common shares		206,127			168,459

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,
	2015			2014
Numerator:
Income (loss) from continuing operations	$	22,489		$	(203	)
Non-controlling interests’ share in continuing operations		(82	)		—
Participating securities’ share in earnings		(250	)		(195	)


Income (loss) from continuing operations, less participating securities’ share in earnings		22,157			(398	)
Income from discontinued operations attributable to MPT Operating Partnership partners		—			—


Net income (loss), less participating securities’ share in earnings	$	22,157		$	(398	)


Denominator:
Basic weighted-average units		208,071			171,718
Dilutive potential units		569			651


Dilutive weighted-average units		208,640			172,369


	For the Six Months Ended June 30,
	2015			2014
Numerator:
Income from continuing operations	$	58,465		$	7,105
Non-controlling interests’ share in continuing operations		(161	)		(65	)
Participating securities’ share in earnings		(516	)		(404	)


Income from continuing operations, less participating securities’ share in earnings		57,788			6,636
Loss from discontinued operations attributable to MPT Operating Partnership partners		—			(2	)


Net income, less participating securities’ share in earnings	$	57,788		$	6,634


Denominator:
Basic weighted-average units		205,515			167,846
Dilutive potential units		612			613


Dilutive weighted-average units		206,127			168,459