Earnings Per Share

9 Months Ended

Sep. 30, 2020

8. Earnings Per Share

Medical Properties Trust, Inc.

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

	For the Three Months Ended September 30,
	2020			2019
Numerator:
Net income	$	131,357		$	90,267
Non-controlling interests’ share in net income		(251	)		(481	)
Participating securities’ share in earnings		(435	)		(432	)
Net income, less participating securities’ share in earnings	$	130,671		$	89,354
Denominator:
Basic weighted-average common shares		531,095			439,581
Dilutive potential common shares		1,341			1,352
Dilutive weighted-average common shares		532,436			440,933

	For the Nine Months Ended September 30,
	2020			2019
Numerator:
Net income	$	322,166		$	246,478
Non-controlling interests’ share in net income		(600	)		(1,432	)
Participating securities’ share in earnings		(1,386	)		(1,354	)
Net income, less participating securities’ share in earnings	$	320,180		$	243,692
Denominator:
Basic weighted-average common shares		526,651			404,902
Dilutive potential common shares		1,181			1,198
Dilutive weighted-average common shares		527,832			406,100

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,
	2020			2019
Numerator:
Net income	$	131,357		$	90,267
Non-controlling interests’ share in net income		(251	)		(481	)
Participating securities’ share in earnings		(435	)		(432	)
Net income, less participating securities’ share in earnings	$	130,671		$	89,354
Denominator:
Basic weighted-average units		531,095			439,581
Dilutive potential units		1,341			1,352
Diluted weighted-average units		532,436			440,933

	For the Nine Months Ended September 30,
	2020			2019
Numerator:
Net income	$	322,166		$	246,478
Non-controlling interests’ share in net income		(600	)		(1,432	)
Participating securities’ share in earnings		(1,386	)		(1,354	)
Net income, less participating securities’ share in earnings	$	320,180		$	243,692
Denominator:
Basic weighted-average units		526,651			404,902
Dilutive potential units		1,181			1,198
Diluted weighted-average units		527,832			406,100