Earnings Per Share/Unit (Tables)

9 Months Ended

Sep. 30, 2021

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 Three Months Ended September 30,
	2021			2020
Numerator:
Net income	$	171,395		$	131,357
Non-controlling interests’ share in net income		(258	)		(251	)
Participating securities’ share in earnings		(328	)		(435	)
Net income, less participating securities’ share in earnings	$	170,809		$	130,671
Denominator:
Basic weighted-average common shares		595,119			531,095
Dilutive potential common shares		2,201			1,341
Diluted weighted-average common shares		597,320			532,436

	For the Nine Months Ended September 30,
	2021			2020
Numerator:
Net income	$	450,096		$	322,166
Non-controlling interests’ share in net income		(611	)		(600	)
Participating securities’ share in earnings		(1,088	)		(1,386	)
Net income, less participating securities’ share in earnings	$	448,397		$	320,180
Denominator:
Basic weighted-average common shares		586,291			526,651
Dilutive potential common shares		1,680			1,181
Diluted weighted-average common shares		587,971			527,832

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,
	2021			2020
Numerator:
Net income	$	171,395		$	131,357
Non-controlling interests’ share in net income		(258	)		(251	)
Participating securities’ share in earnings		(328	)		(435	)
Net income, less participating securities’ share in earnings	$	170,809		$	130,671
Denominator:
Basic weighted-average units		595,119			531,095
Dilutive potential units		2,201			1,341
Diluted weighted-average units		597,320			532,436

	For the Nine Months Ended September 30,
	2021			2020
Numerator:
Net income	$	450,096		$	322,166
Non-controlling interests’ share in net income		(611	)		(600	)
Participating securities’ share in earnings		(1,088	)		(1,386	)
Net income, less participating securities’ share in earnings	$	448,397		$	320,180
Denominator:
Basic weighted-average units		586,291			526,651
Dilutive potential units		1,680			1,181
Diluted weighted-average units		587,971			527,832