Physicians Realty Trust (NYSE: DOC) reported Q1 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $105.4 million versus the consensus estimate of $105.77 million.

First Quarter Highlights:

• Reported first quarter 2019 total revenue of $105.4 million, which was flat compared to the prior year period.
• Generated first quarter net income per share and OP unit of $0.06 on a fully diluted basis, which was flat over the prior year period.
• Generated first quarter normalized funds from operations (Normalized FFO) of $0.25 per share and OP unit on a fully diluted basis, down $0.01 compared to the same period last year.
• First Quarter Same-Store Cash Net Operating Income (Cash NOI) growth was 1.5% year-over-year.
• Declared a quarterly dividend of $0.23 per share and OP unit for the first quarter 2019, paid April 18, 2019.
• Sold 1,681,928 common shares pursuant to the ATM program at a weighted average price of $18.61, resulting in total proceeds of approximately $31.0 million.

John T. Thomas, President and Chief Executive Officer of the Trust, commented, “From the date of our IPO, Physicians Realty Trust has been dedicated to making a difference in the lives of our healthcare partners and those who visit our properties. We have always believed that it’s this commitment that will best deliver long-term value to our shareholders through our position as the preferred partner for the highest-quality healthcare providers in the industry.”

“We are proud to announce that, as a result of these long-standing industry relationships, we have agreed in principal to a new ten year lease at the recently vacated El Paso Specialty Facility in El Paso, Texas. We look forward to discussing the terms of this new lease, as well as the performance of the entire Physicians Realty Trust portfolio, during today’s conference call,” Mr. Thomas concluded.

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