Medical Properties Trust, Inc.

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


	For the Three Months Ended September 30,
	2015			2014
Numerator:
Income from continuing operations	$	23,123		$	28,663
Non-controlling interests’ share in continuing operations		(66	)		(126	)
Participating securities’ share in earnings		(265	)		(179	)


Income from continuing operations, less participating securities’ share in earnings		22,792			28,358
Income from discontinued operations attributable to MPT common stockholders		—			—


Net income, less participating securities’ share in earnings	$	22,792		$	28,358


Denominator:
Basic weighted-average common shares		223,948			171,893
Dilutive potential common shares		—			746


Dilutive weighted-average common shares		223,948			172,639


	For the Nine Months Ended September 30,
	2015			2014
Numerator:
Income from continuing operations	$	81,589		$	35,769
Non-controlling interests’ share in continuing operations		(228	)		(192	)
Participating securities’ share in earnings		(781	)		(584	)


Income from continuing operations, less participating securities’ share in earnings		80,580			34,993
Loss from discontinued operations attributable to MPT common stockholders		—			(2	)


Net income, less participating securities’ share in earnings	$	80,580		$	34,991


Denominator:
Basic weighted-average common shares		211,659			169,195
Dilutive potential common shares		409			657


Dilutive weighted-average common shares		212,068			169,852

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,
	2015			2014
Numerator:
Income from continuing operations	$	23,123		$	28,663
Non-controlling interests’ share in continuing operations		(66	)		(126	)
Participating securities’ share in earnings		(265	)		(179	)


Income from continuing operations, less participating securities’ share in earnings		22,792			28,358
Income from discontinued operations attributable to MPT Operating Partnership partners		—			—


Net income (loss), less participating securities’ share in earnings	$	22,792		$	28,358


Denominator:
Basic weighted-average units		223,948			171,893
Dilutive potential units		—			746

Dilutive weighted-average units		223,948			172,639


	For the Nine Months Ended September 30,
	2015			2014
Numerator:
Income from continuing operations	$	81,589		$	35,769
Non-controlling interests’ share in continuing operations		(228	)		(192	)
Participating securities’ share in earnings		(781	)		(584	)


Income from continuing operations, less participating securities’ share in earnings		80,580			34,993
Loss from discontinued operations attributable to MPT Operating Partnership partners		—			(2	)


Net income, less participating securities’ share in earnings	$	80,580		$	34,991


Denominator:
Basic weighted-average units		211,659			169,195
Dilutive potential units		409			657


Dilutive weighted-average units		212,068			169,852