Earnings Per Share/Unit

6 Months Ended

Jun. 30, 2021

9. Earnings Per Share/Unit

Medical Properties Trust, Inc.

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

	For the Three Months Ended June 30,
	2021			2020
Numerator:
Net income	$	114,821		$	109,652
Non-controlling interests’ share in net income		(256	)		(184	)
Participating securities’ share in earnings		(390	)		(487	)
Net income, less participating securities’ share in earnings	$	114,175		$	108,981
Denominator:
Basic weighted-average common shares		587,514			527,781
Dilutive potential common shares		1,539			1,099
Diluted weighted-average common shares		589,053			528,880

	For the Six Months Ended June 30,
	2021			2020
Numerator:
Net income	$	278,701		$	190,809
Non-controlling interests’ share in net income		(353	)		(349	)
Participating securities’ share in earnings		(760	)		(951	)
Net income, less participating securities’ share in earnings	$	277,588		$	189,509
Denominator:
Basic weighted-average common shares		581,877			524,428
Dilutive potential common shares		1,420			1,102
Diluted weighted-average common shares		583,297			525,530

MPT Operating Partnership, L.P.

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

	For the Three Months Ended June 30,
	2021			2020
Numerator:
Net income	$	114,821		$	109,652
Non-controlling interests’ share in net income		(256	)		(184	)
Participating securities’ share in earnings		(390	)		(487	)
Net income, less participating securities’ share in earnings	$	114,175		$	108,981
Denominator:
Basic weighted-average units		587,514			527,781
Dilutive potential units		1,539			1,099
Diluted weighted-average units		589,053			528,880

	For the Six Months Ended June 30,
	2021			2020
Numerator:
Net income	$	278,701		$	190,809
Non-controlling interests’ share in net income		(353	)		(349	)
Participating securities’ share in earnings		(760	)		(951	)
Net income, less participating securities’ share in earnings	$	277,588		$	189,509
Denominator:
Basic weighted-average units		581,877			524,428
Dilutive potential units		1,420			1,102
Diluted weighted-average units		583,297			525,530