Physicians Realty Trust (DOC) Misses Q1 EPS by 5c

Physicians Realty Trust (NYSE: DOC) reported Q1 EPS of $0.04, $0.05 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $76.7 million versus the consensus estimate of $77.06 million.

• Reported first quarter 2017 total revenue of $76.7 million, up 73.7% year-over-year.
• Generated first quarter net income per share and OP unit of $0.04 on a fully diluted basis, consistent with the same period last year.
• Generated first quarter normalized funds from operations (FFO) of $0.28 per share and OP unit on a fully diluted basis, up 27.3% year-over-year.
• Completed first quarter investments of approximately $248.3 million, which included 7 healthcare facilities, totaling 507,826 leasable square feet.
• Declared a quarterly dividend of $0.225 per share and OP unit for the first quarter 2017, paid April 18, 2017.
• Portfolio was 96.5% leased based on square footage as of March 31, 2017.
• Increased gross leasable square footage by 4.7% in the first quarter 2017 to 11,391,821 square feet from 10,883,601 as of December 31, 2016.
• Same-Store Cash Net Operating Income (NOI) growth was 6.7% year over year.
• Issued $400.0 million of public senior notes on March 7, 2017, with a maturity of 10 years and a coupon of 4.3%.
• Raised $300.7 million of net equity proceeds from the follow-on public offering of 17,250,000 common shares on March 17, 2017, at a price of $18.20 per share.

For earnings history and earnings-related data on Physicians Realty Trust (DOC) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• Korn Ferry (KFY) Tops Q4 EPS by 2c, Beats on Revenue; Offers Q1 Guidance
• Nike names former Pfizer CFO David Denton as new finance chief