Earnings Per Share/Unit

12 Months Ended

Dec. 31, 2021

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,
	2021			2020			2019
Numerator:
Net income	$	656,940		$	432,272		$	376,401
Non-controlling interests’ share in earnings		(919	)		(822	)		(1,717	)
Participating securities’ share in earnings		(2,161	)		(2,105	)		(2,308	)
Net income, less participating securities’ share in earnings	$	653,860		$	429,345		$	372,376
Denominator:
Basic weighted-average common shares		588,817			529,239			427,075
Dilutive potential common shares		1,322			1,222			1,224
Diluted weighted-average common shares		590,139			530,461			428,299

MPT Operating Partnership, L.P.

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

	For the Years Ended December 31,
	2021			2020			2019
Numerator:
Net income	$	656,940		$	432,272		$	376,401
Non-controlling interests’ share in earnings		(919	)		(822	)		(1,717	)
Participating securities’ share in earnings		(2,161	)		(2,105	)		(2,308	)
Net income, less participating securities’ share in earnings	$	653,860		$	429,345		$	372,376
Denominator:
Basic weighted-average units		588,817			529,239			427,075
Dilutive potential units		1,322			1,222			1,224
Diluted weighted-average units		590,139			530,461			428,299