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Earnings Per Share/Unit (Tables)
12 Months Ended
Dec. 31, 2015
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,  
     2015      2014      2013  

Numerator:

        

Income from continuing operations

   $ 139,927       $ 50,798       $ 89,301   

Non-controlling interests’ share in continuing operations

     (329      (274      (224

Participating securities’ share in earnings

     (1,029      (894      (729
  

 

 

    

 

 

    

 

 

 

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

     138,569         49,630         88,348   

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

     —          (2      7,914   
  

 

 

    

 

 

    

 

 

 

Net income, less participating securities’ share in earnings

   $ 138,569       $ 49,628       $ 96,262   
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Basic weighted-average common shares

     217,997         169,999         151,439   

Dilutive potential common shares

     307         541         1,159   
  

 

 

    

 

 

    

 

 

 

Diluted weighted-average common shares

     218,304         170,540         152,598   
  

 

 

    

 

 

    

 

 

 

MPT Operating Partnership, L.P.

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

 

     For the Years Ended December 31,  
     2015      2014      2013  

Numerator:

        

Income from continuing operations

   $ 139,927       $ 50,798       $ 89,301   

Non-controlling interests’ share in continuing operations

     (329      (274      (224

Participating securities’ share in earnings

     (1,029      (894      (729
  

 

 

    

 

 

    

 

 

 

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

     138,569         49,630         88,348   

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

     —           (2      7,914   
  

 

 

    

 

 

    

 

 

 

Net income, less participating securities’ share in earnings

   $ 138,569       $ 49,628       $ 96,262   
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Basic weighted-average units

     217,997         169,999         151,439   

Dilutive potential units

     307         541         1,159   
  

 

 

    

 

 

    

 

 

 

Diluted weighted-average units

     218,304         170,540         152,598