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.
