| Earnings Per Share |
9. 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 March 31, |
|
| |
|
2013 |
|
|
2012 |
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
Income from continuing
operations
|
|
$ |
26,212 |
|
|
$ |
8,919 |
|
|
Non-controlling
interests’ share in continuing operations
|
|
|
(54 |
) |
|
|
(42 |
) |
|
Participating
securities’ share in earnings
|
|
|
(193 |
) |
|
|
(252 |
) |
|
|
|
|
|
|
|
|
|
|
Income from continuing
operations, less participating securities’ share in
earnings
|
|
|
25,965 |
|
|
|
8,625 |
|
|
Income (loss) from
discontinued operations attributable to MPT common
stockholders
|
|
|
(2 |
) |
|
|
1,687 |
|
|
|
|
|
|
|
|
|
|
|
Net income, less
participating securities’ share in earnings
|
|
$ |
25,963 |
|
|
$ |
10,312 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months
Ended March 31, |
|
| |
|
2013 |
|
|
2012 |
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
Basic weighted-average
common shares
|
|
|
140,347 |
|
|
|
124,906 |
|
|
Dilutive potential common
shares
|
|
|
1,179 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
Dilutive weighted-average
common shares
|
|
|
141,526 |
|
|
|
124,906 |
|
|
|
|
|
|
|
|
|
|
MPT Operating
Partnership, L.P.
Our earnings per common
unit were calculated based on the following (amounts in
thousands):
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months
Ended March 31, |
|
| |
|
2013 |
|
|
2012 |
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
Income from continuing
operations
|
|
$ |
26,212 |
|
|
$ |
8,919 |
|
|
Non-controlling
interests’ share in continuing operations
|
|
|
(54 |
) |
|
|
(42 |
) |
|
Participating
securities’ share in earnings
|
|
|
(193 |
) |
|
|
(252 |
) |
|
|
|
|
|
|
|
|
|
|
Income from continuing
operations, less participating securities’ share in
earnings
|
|
|
25,965 |
|
|
|
8,625 |
|
|
Income (loss) from
discontinued operations attributable to MPT Operating Partnership
partners
|
|
|
(2 |
) |
|
|
1,687 |
|
|
|
|
|
|
|
|
|
|
|
Net income, less
participating securities’ share in earnings
|
|
$ |
25,963 |
|
|
$ |
10,312 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months
Ended March 31, |
|
| |
|
2013 |
|
|
2012 |
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
Basic weighted-average
units
|
|
|
140,347 |
|
|
|
124,906 |
|
|
Dilutive potential
units
|
|
|
1,179 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
Dilutive weighted-average
units
|
|
|
141,526 |
|
|
|
124,906 |
|
|
|
|
|
|
|
|
|
|
For the three months ended
March 31, 2012, 0.1 million of options were excluded from
the diluted earnings per share unit calculation as they were not
determined to be dilutive. In addition, shares/units that may be
issued in the future in accordance with our exchangeable senior
notes were excluded from the 2012 diluted earnings per shares/units
calculation as they were not determined to be dilutive.
|