Physicians Realty Trust: Q4 Earnings Snapshot

MILWAUKEE (AP) — MILWAUKEE (AP) — Physicians Realty Trust (DOC) on Wednesday reported a key measure of profitability in its fourth quarter. The results met Wall Street expectations.

The real estate investment trust, based in Milwaukee, said it had funds from operations of $64.1 million, or 26 cents per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 26 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $6.8 million, or 3 cents per share.

The health care real estate investment trust, based in Milwaukee, posted revenue of $135.5 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $138 million.

For the year, the company reported funds from operations of $246.9 million. Revenue was reported as $543.5 million.


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