DOC - Physicians Realty Trust FFO of $0.24 misses by $0.01 revenue of $134.34M beats by $2.85M

2023-05-04 07:53:21 ET

• Physicians Realty Trust press release ( NYSE: DOC ): Q1 FFO of $0.24 misses by $0.01 .
• Revenue of $134.34M (+3.0% Y/Y) beats by $2.85M .
• Completed $14.4 million in investments, including the funding of previous loan commitments.
• Executed contractual commitments of a $40.5 million development and a $35.8 million construction loan, both located in the Atlanta MSA.
• First quarter MOB Same-Store Cash Net Operating Income growth was 1.0% year-over-year.
• Declared a quarterly dividend of $0.23 per share and OP Unit for the first quarter 2023, paid on April 18, 2023.
• Disposed of a 30,000 square foot medical office building on January 17, 2023 for $2.6 million, recognizing an insignificant net gain on the sale.
• Sold 4,400,000 common shares pursuant to the ATM Program at a weighted average price of $15.10 during the first quarter, resulting in net proceeds of $65.8 million.
• Earned a 2023 ENERGY STAR ^® Partner of the Year Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy

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