DOC - Physicians Realty Trust Q1 meets on earnings beats on revenue

May, 04 2022 09:09 AM Physicians Realty Trust of Beneficial Interest

Physicians Realty Trust (NYSE:DOC) stock is rising 1.3% in Wednesday premarket trading after the health care-focused REIT posted Q1 revenue that surpassed the Wall Street consensus. "Physicians Realty Trust had a strong first quarter and has remained focused on disciplined capital allocation for the benefit of our shareholders," said President and CEO John T. Thomas. Q1 normalized FFO per share of $0.27, matching the consensus estimate, and up a penny from the prior quarter. Total revenue of $130.4M exceeded the average analyst estimate of $126.5M and climbed from $116.1M in Q4 2021 and from $113.3M in the year-ago quarter. Q1 total expenses of $116.1M increased from $106.6M in Q4 and from $95.1M in Q1 2021. Medical office building same-store cash NOI increased 2.0% Y/Y, down from 2.9% increase in the prior quarter. Q1 annualized adjusted EBITDAre of $350.2M slipped from $352.0M in the prior quarter. As of March 31, 2022,

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Physicians Realty Trust Q1 meets on earnings, beats on revenue

Company Name:	Physicians Realty Trust of Beneficial Interest
Stock Symbol:	DOC
Market:	NYSE
Website:	healthpeak.com

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