Physicians Realty Trust: Q4 Earnings Snapshot
MILWAUKEE (AP) — MILWAUKEE (AP) — Physicians Realty Trust (DOC) on Wednesday reported a key measure of profitability in its fourth quarter. The results met Wall Street expectations.
MILWAUKEE (AP) — MILWAUKEE (AP) — Physicians Realty Trust (DOC) on Wednesday reported a key measure of profitability in its fourth quarter. The results met Wall Street expectations.
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The real estate investment trust, based in Milwaukee, said it had funds from operations of $64.1 million, or 26 cents per share, in the period.
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The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 26 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $6.8 million, or 3 cents per share.
The health care real estate investment trust, based in Milwaukee, posted revenue of $135.5 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $138 million.
For the year, the company reported funds from operations of $246.9 million. Revenue was reported as $543.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOC at https://www.zacks.com/ap/DOC