Physicians Realty Trust: 3Q Earnings Snapshot
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MILWAUKEE (AP) _ Physicians Realty Trust (DOC) on Friday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.
The Milwaukee-based real estate investment trust said it had funds from operations of $51.7 million, or 28 cents per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 27 cents per share.
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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 $22.7 million, or 12 cents per share.
The health care real estate investment trust posted revenue of $105 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $104.2 million.
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The company's shares have declined roughly 7 percent since the beginning of the year. The stock has fallen 3.5 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on DOC at https://www.zacks.com/ap/DOC