Physicians Realty Trust (DOC) Misses Q4 EPS by 4c
Physicians Realty Trust (NYSE: DOC) reported Q4 EPS of $0.06, $0.04 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $73.7 million versus the consensus estimate of $74.51 million.
- Reported fourth quarter 2016 total revenue of $73.7 million, up 82% year-over-year.
- Generated fourth quarter net income per share and OP unit of $0.06 on a fully diluted basis, consistent with the same period last year.
- Generated fourth quarter normalized funds from operations (FFO) of $0.27 per share and OP unit on a fully diluted basis, up 4% year-over-year.
- Completed fourth quarter investments of approximately $226.5 million, which included 11 healthcare facilities totaling 656,458 leasable square feet.
- Received repayment of 1 mezzanine loan in the amount of $7.1 million, including all accrued interest due and payable, plus a $2.1 million payment in exchange for termination of an in-the-money option to acquire the underlying real estate securing the mezzanine loan.
- Declared a quarterly dividend of $0.225 per share for the fourth quarter 2016, paid January 18, 2017.
- Portfolio was 96.1% leased based on square footage as of December 31, 2016.
- Increased gross leasable square footage by 6.4% in the fourth quarter 2016 to 10,883,601 square feet from 10,233,656 as of September 30, 2016.
- Same-Store Cash Net Operating Income (NOI) growth was 2.6% year over year.
For earnings history and earnings-related data on Physicians Realty Trust (DOC) click here.
