Physicians Realty Trust (NYSE: DOC) reported Q3 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $107.6 million versus the consensus estimate of $104.9 million.

Third Quarter Highlights:

• Reported third quarter 2019 total revenue of $107.6 million, an increase of 2% over the prior year period.
• Generated third quarter net income per share and OP unit of $0.08 on a fully diluted basis, compared to net income per share and OP unit of $0.12 on a fully diluted basis in the same period last year.
• Generated third quarter normalized funds from operations (Normalized FFO) of $0.27 per share and OP unit on a fully diluted basis.
• Third Quarter MOB Same-Store Cash Net Operating Income (Cash NOI) growth was 3.3% year-over-year.
• Declared a quarterly dividend of $0.23 per share and OP unit for the third quarter 2019, paid October 18, 2019.
• Sold 3,020,711 common shares pursuant to the ATM program at a weighted average price of $17.41, resulting in total proceeds of approximately $52.1 million.

John T. Thomas, President and Chief Executive Officer of the Trust, commented, “At Physicians Realty Trust, we have remained dedicated to providing long-term value to our shareholders by continuing to partner with leading providers in the industry. We have experienced great performance from our existing medical office portfolio and are on track to meet the acquisition expectations set earlier this year. We are pleased to announce a positive resolution on our LTACH facilities as we transition and establish our relationship with LifeCare 2.0, LLC. After the quarter ended, we also completed the sale of the Foundation Surgical Hospital in El Paso, Texas.”

“We look forward to discussing our quarterly performance, as well as our thoughts for the remainder of the year, during today’s conference call,” Mr. Thomas concluded.

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