Earnings Per Share/Unit

12 Months Ended

Dec. 31, 2018

6. Earnings Per Share/Unit

Medical Properties Trust, Inc.

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

	For the Years Ended December 31,
	2018			2017			2016
Numerator:
Net income	$	1,018,477		$	291,238		$	225,937
Non-controlling interests’ share in earnings		(1,792	)		(1,445	)		(889	)
Participating securities’ share in earnings		(3,685	)		(1,409	)		(559	)
Net income, less participating securities’ share in earnings	$	1,013,000		$	288,384		$	224,489
Denominator:
Basic weighted average common shares		365,364			349,902			260,414
Dilutive potential common shares		907			539			658
Diluted weighted average common shares		366,271			350,441			261,072

MPT Operating Partnership, L.P.

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

	For the Years Ended December 31,
	2018			2017			2016
Numerator:
Net income	$	1,018,477		$	291,238		$	225,937
Non-controlling interests’ share in earnings		(1,792	)		(1,445	)		(889	)
Participating securities’ share in earnings		(3,685	)		(1,409	)		(559	)
Net income, less participating securities’ share in earnings	$	1,013,000		$	288,384		$	224,489
Denominator:
Basic weighted average units		365,364			349,902			260,414
Dilutive potential units		907			539			658
Diluted weighted average units		366,271			350,441			261,072