Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Medical Properties Trust, Inc.

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

	For the Three Months Ended September 30,
	2019			2018
Numerator:
Net income	$	90,267		$	736,476
Non-controlling interests’ share in net income		(481	)		(442	)
Participating securities’ share in earnings		(432	)		(290	)
Net income, less participating securities’ share in earnings	$	89,354		$	735,744
Denominator:
Basic weighted-average common shares		439,581			365,024
Dilutive potential common shares		1,352			1,443
Dilutive weighted-average common shares		440,933			366,467

	For the Nine Months Ended September 30,
	2019			2018
Numerator:
Net income	$	246,478		$	939,536
Non-controlling interests’ share in net income		(1,432	)		(1,334	)
Participating securities’ share in earnings		(1,354	)		(808	)
Net income, less participating securities’ share in earnings	$	243,692		$	937,394
Denominator:
Basic weighted-average common shares		404,902			364,934
Dilutive potential common shares		1,198			850
Dilutive weighted-average common shares		406,100			365,784

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,
	2019			2018
Numerator:
Net income	$	90,267		$	736,476
Non-controlling interests’ share in net income		(481	)		(442	)
Participating securities’ share in earnings		(432	)		(290	)
Net income, less participating securities’ share in earnings	$	89,354		$	735,744
Denominator:
Basic weighted-average units		439,581			365,024
Dilutive potential units		1,352			1,443
Diluted weighted-average units		440,933			366,467

	For the Nine Months Ended September 30,
	2019			2018
Numerator:
Net income	$	246,478		$	939,536
Non-controlling interests’ share in net income		(1,432	)		(1,334	)
Participating securities’ share in earnings		(1,354	)		(808	)
Net income, less participating securities’ share in earnings	$	243,692		$	937,394
Denominator:
Basic weighted-average units		404,902			364,934
Dilutive potential units		1,198			850
Diluted weighted-average units		406,100			365,784